Moonwell Flagship ETH

WETH·Base·curated by Anthias Labs

APY1.76%-0.02% vs 30d

TVL$7.21M

Risk score35/ 100

Same yield, exotic risk

11% of this vault sits in higher-risk collateral, yet it earns 1.63% on WETH versus 1.95% for a plain WETH vault (-31 bps). You're not being paid for the extra risk.

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

The Moonwell Flagship ETH Morpho vault curated by Anthias Labs is intended to optimize risk-adjusted interest earned from blue-chip collateral markets.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Weighted LLTV across markets is 88.8%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Vault is split across 7 markets. More markets means more parameter surface area for the curator to monitor.

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