Uniswap V2 · Ethereum

MKR-WETH

Overview

The Uniswap V2 MKR-WETH pool on Ethereum is a liquidity position that generates yield from trading fees earned by providing liquidity to the decentralized exchange. The protocol facilitates trades between MKR and WETH, with liquidity providers earning a share of these transaction fees.

Total APY stands at 0.32%, with no additional reward component. Over the past seven days, the rate has decreased by 0.31%, while over the last thirty days, it has fallen by 1.70%. This places the current yield below the 30-day average of 1.48%.

TVL is $1.29M with no reported change in the past seven days. The primary risk for this multi-asset pool includes impermanent loss exposure due to price fluctuations between MKR and WETH. Depth of liquidity supports stable transaction fees, but volatility can impact returns for providers.

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.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 5.97%; 30-day mean is 3.73%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 65% confidence based on historical patterns.

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