Euler V2 · Monad

WETH (EVK Vault eWETH-3)

Overview

The Euler V2 WETH pool on Monad is a single-asset lending position where suppliers earn variable interest on Wrapped Ethereum (WETH) deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and paying lenders from the resulting interest spread.

Total APY of 4.09% combines base lending at 0.99% with an additional reward layer of 3.1%. Over the past week, the rate trended up 0.83%, while over the last month it declined by 1.05%, placing the current rate slightly below the 30-day mean of 4.18%.

TVL stands at $2.68M with no reported change over the past seven days; primary exposure is smart-contract risk due to its single-asset nature. Utilisation on this pool reflects typical levels for a lending position within the Euler V2 protocol category.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 3.96%; 30-day mean is 4.14%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 52% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.