Moonwell Flagship ETH
32% of this vault sits in higher-risk collateral, yet it earns 1.52% on WETH versus 1.68% for a plain WETH vault (-17 bps). You're not being paid for the extra risk.
The Moonwell Flagship ETH Morpho vault curated by Anthias Labs is intended to optimize risk-adjusted interest earned from blue-chip collateral markets.
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 94.4%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.