Moonwell Flagship ETH

WETH·Base·curated by Anthias Labs

APY1.31%-0.29% vs 30d

TVL$3.71M

Risk score36/ 100

Paid for the risk

39% of this vault is in higher-risk collateral, earning +133 bps over a plain WETH vault.

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 93.9%. 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.

Loading vault…