risk managerGauntletforum.euler.finance
↓Offboarding low demand tokens from Euler Prime and Euler Yield
wM has very low demand with supplies of $2,536 on Prime and $3,257 on Yield, warranting offboarding.
Overview
WrappedM by M0(WM)
Token Price$1
24h Change-0.0075%
All Time HighSep 4, 2025$15.4
All Time LowSep 20, 2025$0.97
Key Metrics
Market Cap$84.04m
Fully Diluted Valuation$84.04m
Circ. Supply84.07m WM
Volume 24h$1.29m
CEX Volume$0
DEX Volume$1.28m
Risk Timeline
Risk-management actions published about WM by tracked risk managers and governance contributors, newest first.
risk managerGauntletforum.euler.finance
↑Euler Market Risk Parameter Recommendations April 2025
Dai Savings Rate and Sky Savings Rate reductions from 5.5% to 3.5% and 6.5% to 4.5% lower DeFi risk-free yields, prompting kink borrow APY cuts in Euler Yield to maintain arbitrage spreads and boost borrowing/utilization.
contributor@EulerLabsforum.euler.finance
↑Creation of Euler T-Bill Market on Ethereum
wM is being added as a non-yield borrowable asset in the new Euler T-Bill market to enable efficient lending and borrowing amid record stablecoin supply and rising institutional demand for tokenized treasuries.
risk managerGauntletforum.euler.finance
↑Market Risk Parameter Recommendations March 2025
Interest rate curve adjustments lower the kink and max borrow APY to align with current market demand and reduce fragmentation on Euler Yield.
contributor@Objectiveforum.euler.finance
↑Euler Yield IRM adjustments to align with market rates
Borrow rates on wM are being reduced to reflect current market yields, encouraging more borrowing and enhancing overall market efficiency on Euler Yield.
contributor@Objectiveforum.euler.finance
↓Offboard wUSDM, mTBILL, wM, SolvBTC from Euler Prime
M^0's TVL is $124M, but wM sees low DeFi collateral use with 82% held by AMMs and Usual DAO plus 3 whales, and the Euler Prime vault holds only $3.6k from 5 holders. A fixed 1:1 oracle adds risk by not protecting against backing loss, making it better suited for Euler Yield.
contributor@EulerLabsforum.euler.finance
↑Creation of Euler Yield Market
Increased demand for borrowing stable assets like wM against tokenized yield strategies, which offer higher yields but different risk profiles from standard collaterals, warrants a dedicated Euler Yield market to isolate impacts on lenders and borrowers.
contributor@MEVCapitalforum.morpho.org
↑MEV Capital launches M^0 vault on Morpho
wM is introduced as the borrow asset in the MEV Capital M^0 vault with a 10M supply cap and 86% LLTV, backed by a dedicated oracle to support stablecoin yield generation.
Token Usage
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Yields
Tracking 5 pools, average APY 334.81%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWM-USDC0.01% | $9.97m | 0.57% | 0.57% | 1.97% | |||||
| open in new tabM-BTC | 🪂 | $3.6m | 0% | 0% | 0.91% | ||||
| open in new tabSTM-WETH | $362,432 | 0.72% | 0.72% | 0.90% | |||||
| open in new tabWM-USDC | $250,279 | 0% | 0% | 0% | |||||
| open in new tabM-USDT1% | $88,985 | 1003% | 1003% | 513% |