risk managerGauntletcomp.xyz
↓Deprecation of Linea and Mantle Comets
The Compound III WETH market on Linea where weETH serves as collateral has seen limited adoption and is being deprecated. New supply is being capped at zero.
Overview
Wrapped eETH(WEETH)
Token Price$1,721
24h Change-2.37%
All Time HighAug 24, 2025$5,297
All Time LowApr 9, 2025$1,505
Key Metrics
Market Cap$2.784b
Fully Diluted Valuation$2.784b
Circ. Supply1.62m WEETH
Volume 24h$47.46m
CEX Volume$3,072
DEX Volume$41.24m
Risks
How much debt can be issued against WEETH as collateral across lending protocols.
Maximum possible exposure to WEETH
$1.724b
$402.13m (max additional borrows against WEETH) + $1.322b (bad debt if WEETH was hacked now)
Aave V3
$1.374b at-risk exposure = $1.125b bad debt if hacked + $248.31m additional borrowable against WEETH
Compound V3
$79.63m at-risk exposure = $15.11m bad debt if hacked + $64.52m additional borrowable against WEETH
Fluid
$60.45m at-risk exposure = $7.46m bad debt if hacked + $52.99m additional borrowable against WEETH
Morpho V1
$172.62m at-risk exposure = $152.01m bad debt if hacked + $20.62m additional borrowable against WEETH
SparkLend
$27.26m at-risk exposure = $20.21m bad debt if hacked + $7.04m additional borrowable against WEETH
Tydro
$5.46m at-risk exposure = -- bad debt if hacked + $5.46m additional borrowable against WEETH
Euler V2
$5.08m at-risk exposure = $1.89m bad debt if hacked + $3.19m additional borrowable against WEETH
Methodology and limitations
Showing collateral exposure for WEETH on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
- Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.
Show exposure details
Each row is one protocol-chain exposure for WEETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee | $180.89m | $1.064b | ||
weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee | $64.2m | $14.4m | ||
weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee | $46.96m | $6.74m | ||
weETH0x04c0599ae5a44757c0af6f9ec3b93da8976c150a | $35.7m | — | ||
weETH0x35751007a407ca6feffe80b3cb397736d2cf4dbe | $31.72m | $61.43m | ||
weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee | $15.73m | $131.85m | ||
weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee | $7.04m | $20.21m | ||
weETH0xa3d68b74bf0528fdd07263c60d6488749044914b | $5.46m | — | ||
weETH0x35751007a407ca6feffe80b3cb397736d2cf4dbe | $3.89m | $282,754 | ||
weETH0x9893989433e7a383cb313953e4c2365107dc19a7 | $3.78m | $16.04m |
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Risk Timeline
Risk-management actions published about WEETH by tracked risk managers and governance contributors, newest first.
contributor@Steakhouseforum.morpho.org
↑weETH Onboarding as Collateral for Steakhouse Prime Vaults
EtherFi implemented governance hardening measures, including extending timelocks to 10 days, expanding multisigs to 6-of-10 with external signers, and bolstering bridge security post-rsETH exploit by pinning LayerZero libraries and requiring unanimous DVN attestation. These changes meet Steakhouse's internal risk framework thresholds, benchmarked against Lido's wstETH, enabling weETH as collateral in Prime USD and ETH vaults with conservative LLTVs.
risk managerBlock Analiticaforum.skyeco.com
↑Sky Ecosystem Risk Month in Review: April 2026
Lending-market-model-derived CRR set for weETH in the Grove × Steakhouse RLUSD Morpho Vault V2 lending market against RLUSD. Allows integration as collateral with risk parameters derived from market models to ensure stability.
contributor@Steakhouseforum.morpho.org
→Upgrading oracles for Prime BTC and ETH markets
weETH markets incorporate weETH/eETH ratio with SVR ETH/USD, adding layered fallbacks for consistent valuation and safer market operations during volatility.
risk managerGauntletcomp.xyz
↓Supply Cap Reductions Across L2 Comets
weETH has active demand with utilization 2-50% across Base, Linea, Optimism, and Unichain Comets, but caps are resized to ~20-30% above current supply to tightly match observed usage and compress risk exposure from potential DeFi exploits.
risk managerGauntletcomp.xyz
↓Compound Ethereum Supply Cap Reductions Across Comets
weETH shows low utilization across multiple Comets, indicating negligible demand amid rising exploits on long-tail collaterals like LSTs. Reducing its cap to 0 or a tight buffer minimizes protocol exposure to oracle manipulation or depeg risks without business justification.
contributor@EulerLabsforum.euler.finance
→Sunsetting of DAO-Managed Markets and Vaults
Euler Linea weETH market is being handed over to curator AlphaGrowth for continued management, as the DAO sunsets direct operations to minimize conflicts of interest and refocus on infrastructure.
contributor@0x8541cCfc6E7EAcEbD233C6789a0FbF7C708B0E68snapshot.box/s:sparkfi.eth
↑Update Rate Limits on Ethereum, Arbitrum, Base
Curve weETH-ng swap rate limits are being raised to facilitate liquidity reallocation, with assessed slippage risk up to $750K daily considered acceptable given rapid fault containment mechanisms.
contributor@0xF97c00fab22A45eB27163D0f0065Da00Da10624Bsnapshot.box/s:sparkfi.eth
→SparkLend: Add weETH, rETH, cbBTC, WBTC to Kill Switch Oracle
weETH is being added to the kill switch oracle, which disables new borrowing if its price deviates 5% below the reference, to automatically halt activity during potential rail risks like hacks, custody failures, or liquidity crises.
contributor@0xF97c00fab22A45eB27163D0f0065Da00Da10624Bsnapshot.box/s:sparkfi.eth
↑Spark Liquidity Layer Mainnet Controller Upgrade to v1.10
The controller upgrade adds functionality to deposit into and redeem from Etherfi's weETH, enabling integration of this liquid staking derivative into Spark's liquidity layer for enhanced yield opportunities.
Markets
Token Usage
An is required to view token usage.
Liquidations
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Yields
Showing 10 of 102 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWEETH-ETH | $18m | 15.08% | 15.08% | 3.36% | |||||
| open in new tabWETH-WEETH | $10.18m | 3.52% | 3.02% | 3.15% | |||||
| open in new tabWETH-WEETH | $8.45m | 3.89% | 3.02% | 3.56% | |||||
| open in new tabWETH-WEETH0.01% | $3.37m | 5.39% | 5.39% | 0.94% | |||||
| open in new tabWEETHFor buying PT-weETH-25JUN2026 | $1.42m | 3.70% | 3.70% | 3.35% | |||||
| open in new tabWEETHDeposit to Katana weETH | 🪂 | $832,786 | 3.99% | 3.99% | 3.99% | ||||
| open in new tabETH-WEETH0.01% | $696,912 | 10.74% | 10.74% | 4.89% | |||||
| open in new tabWEETH-WETHCL1 - 0.0085% | $389,996 | 6.03% | 2.22% | 6.59% | |||||
| open in new tabWETH.E-WEETHCL - 1 | $143,116 | 11.52% | 0% | 9.09% | |||||
| open in new tabOPAL-WEETH-A | 🪂 | $63,184 | 8.39% | 8.39% | 8.96% |
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Borrow
Showing 10 of 4014 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWEETH ➞ VVV | $664,572 | 12.46% | 0% | 13.84% | 90% | $12.09m | |||
| open in new tabWEETH ➞ VVV | $664,572 | 12.46% | 0% | 13.84% | 90% | $1.07m | |||
| open in new tabWEETH ➞ VVV | $664,572 | 12.46% | 0% | 13.84% | 90% | $684,193 | |||
| open in new tabWEETH ➞ VVV | $664,572 | 12.46% | 0% | 13.84% | 90% | $603,377 | |||
| open in new tabWEETH ➞ VVV | $664,572 | 11.54% | 0% | 13.84% | 83.33% | $86,423 | $1 | ||
| open in new tabWEETH ➞ VVV | $664,572 | 11.35% | 0% | 13.84% | 82% | $7.21m | $0 | ||
| open in new tabWEETH ➞ VVV | $664,572 | 11.06% | 0.26% | 13.84% | 78% | $16,191 | $2,331 | ||
| open in new tabWEETH ➞ VVV | $664,572 | 10.94% | 0% | 13.84% | 79% | $60.25m | |||
| open in new tabWEETH ➞ VVV | $664,572 | 10.80% | 0% | 13.84% | 78% | $111,005 | $404 | ||
| open in new tabWEETH ➞ VVV | $664,572 | 10.80% | 0% | 13.84% | 78% | $94,890 | $57 |
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