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Wrapped eETH(WEETH)

Token Price$1,993

24h Change-5.5%

All Time HighAug 24, 2025$5,297

All Time LowApr 9, 2025$1,505

Key Metrics

Market Cap$3.164b

Fully Diluted Valuation$3.165b

Circ. Supply1.59m WEETH

Volume 24h$16.69m

CEX Volume$6,049

DEX Volume$15m

Risks

How much debt can be issued against WEETH as collateral across lending protocols.

Maximum possible exposure to WEETH

$1.854b

$450.42m (max additional borrows against WEETH) + $1.404b (bad debt if WEETH was hacked now)

Aave V3

$1.475b at-risk exposure = $1.187b bad debt if hacked + $288.9m additional borrowable against WEETH

Compound V3

$74.96m at-risk exposure = $17.66m bad debt if hacked + $57.3m additional borrowable against WEETH

Fluid

$62.74m at-risk exposure = $8.82m bad debt if hacked + $53.92m additional borrowable against WEETH

Morpho V1

$197.76m at-risk exposure = $174.34m bad debt if hacked + $23.42m additional borrowable against WEETH

SparkLend

$27.92m at-risk exposure = $14.1m bad debt if hacked + $13.82m additional borrowable against WEETH

Tydro

$9.69m at-risk exposure = -- bad debt if hacked + $9.69m additional borrowable against WEETH

Euler V2

$5.43m at-risk exposure = $2.07m bad debt if hacked + $3.37m 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
Aave V3	Ethereum	weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee	$218.46m	$1.117b
Compound V3	Ethereum	weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee	$56.94m	$15.78m
Fluid	Ethereum	weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee	$48.27m	$8.14m
Aave V3	Base	weETH0x04c0599ae5a44757c0af6f9ec3b93da8976c150a	$37.62m	—
Aave V3	Arbitrum	weETH0x35751007a407ca6feffe80b3cb397736d2cf4dbe	$32.82m	$69.49m
Morpho V1	Ethereum	weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee	$17.76m	$153.53m
SparkLend	Ethereum	weETH0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee	$13.82m	$14.1m
Tydro	Ink	weETH0xa3d68b74bf0528fdd07263c60d6488749044914b	$9.69m	—
Morpho V1	Katana	weETH0x9893989433e7a383cb313953e4c2365107dc19a7	$4.72m	$16.96m
Fluid	Arbitrum	weETH0x35751007a407ca6feffe80b3cb397736d2cf4dbe	$3.1m	$271,754

Page 1 of 3

Rows per page

Risk Timeline

Risk-management actions published about WEETH by tracked risk managers and governance contributors, newest first.

91 actions

contributor@Steakhouseforum.morpho.org

4 weeks ago

↑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

1 month ago

↑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

1 month ago

→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

1 month ago

↓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

1 month ago

↓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

1 month ago

→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

2 months ago

↑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

3 months ago

→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

3 months ago

↑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.

risk managerGauntletforum.euler.finance

3 months ago

↑LLTV and Max LTV upward revisions on Euler Base

weETH's on-chain metrics support elevating LLTV to enhance usability on Euler Base without compromising safety margins.

Markets

Token Usage

An is required to view token usage.

Liquidations

An is required to view token liquidations.

Yields

Showing 10 of 101 pools

Pool	Project
open in new tab WEETH	ether.fi Stake	$3.166b	3.61%	3.54%	0.07%	2.66%
open in new tab WEETH	ether.fi Stake	$138.22m	3.61%	3.54%	0.07%	2.68%
open in new tab WETH-WEETH	Curve DEX	$7.82m	4.57%	3.87%	0.70%	3.74%
open in new tab WETH-WEETH	Convex Finance	$6.59m	4.87%	3.87%	1.00%	4.57%
open in new tab WEETHDeposit to Katana weETH	🪂Metrom	$1.18m	3.99%		3.99%	3.99%
open in new tab WETH-WEETHCurve	Stake DAO	$1.08m	3.80%	2.34%	1.46%	5.13%
open in new tab WEETH-WETHCL1 - 0.0085%	Aerodrome Slipstream	$312,011	9.22%	5.41%	3.81%	5.17%
open in new tab WETH.E-WEETHCL - 1	Blackhole CLMM	$155,297	7.81%	0%	7.81%	18.38%
open in new tab WEETH	🪂IPOR Derivatives	$119,049	4.09%	4.09%		3.54%
open in new tab WEETH-USDC	GammaSwap Open Interest	$44,140	3.64%	3.64%		1.37%

Page 1 of 11

Borrow

Showing 10 of 4693 routes

Pool	Project
open in new tabWEETH ➞ MORPHO	Moonwell Lending	$10.29m	3.14%	0.65%	3.19%	78%	$18,080	$2,589
open in new tabWEETH ➞ MORPHO	Compound V3	$10.29m	2.87%	0%	3.19%	90%	$13.74m
open in new tabWEETH ➞ MORPHO	Compound V3	$10.29m	2.87%	0%	3.19%	90%	$1.18m
open in new tabWEETH ➞ MORPHO	Compound V3	$10.29m	2.87%	0%	3.19%	90%	$991,885
open in new tabWEETH ➞ MORPHO	Compound V3	$10.29m	2.87%	0%	3.19%	90%	$631,067
open in new tabWEETH ➞ MORPHO	Dolomite	$10.29m	2.66%	0%	3.19%	83.33%	$96,625	$1
open in new tabWEETH ➞ MORPHO	Dolomite	$10.29m	2.62%	0%	3.19%	82%	$12.99m	$0
open in new tabWEETH ➞ MORPHO	SparkLend	$10.29m	2.52%	0%	3.19%	79%	$48.37m
open in new tabWEETH ➞ MORPHO	Moonwell Lending	$10.29m	2.49%	0%	3.19%	78%	$122,912	$599
open in new tabWEETH ➞ MORPHO	Dolomite	$10.29m	2.49%	0%	3.19%	78%	$145,021	$63

Page 1 of 470

Overview

Wrapped eETH(WEETH)

Key Metrics

Risks

Risk Timeline

↑weETH Onboarding as Collateral for Steakhouse Prime Vaults

↑Sky Ecosystem Risk Month in Review: April 2026

→Upgrading oracles for Prime BTC and ETH markets

↓Supply Cap Reductions Across L2 Comets

↓Compound Ethereum Supply Cap Reductions Across Comets

→Sunsetting of DAO-Managed Markets and Vaults

↑Update Rate Limits on Ethereum, Arbitrum, Base

→SparkLend: Add weETH, rETH, cbBTC, WBTC to Kill Switch Oracle

↑Spark Liquidity Layer Mainnet Controller Upgrade to v1.10

↑LLTV and Max LTV upward revisions on Euler Base

Markets

Token Usage

Liquidations

Yields

Borrow