Morpho Blue · Ethereum

WSTETH

Overview

The Morpho Blue WSTETH pool on Ethereum is a single-asset lending position where suppliers earn variable interest on Wrapped Staked ETH deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and paying lenders from the resulting interest spread. Total APY stands at 0%, with no reward component. There is no trend data available for either the 7-day or 30-day periods, as both `apy_pct_7d` and `apy_pct_30d` are null. TVL currently sits at $21M without a reported change over the past week. The primary exposure here is smart-contract risk due to the single-asset nature of the pool. This lending utilisation rate typically reflects the demand for borrowing WSTETH within the Morpho Blue protocol.

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

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

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