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TVL $8MAPY 3.35%medium riskUpdated Feb 1, 2025

Morpho USDC / weETH

Isolated lending market on Morpho Blue Base for USDC with ether.fi weETH collateral. Enables restaking leverage on Base L2.

ProtocolMorpho
Networkbase
SymbolUSDC/WEETH
CategoryMoney Markets
Underlying Assets
USDCweETH
Contract Address0xa0b1c2d3e4f5a6b7c8d9e0f1a2b3c4d5e6f7a8b9c0d1e2f3a4b5c6d7e8f9a0b1c2

What is Morpho USDC / weETH (Base)?

Morpho USDC / weETH is an isolated lending market on Morpho Blue's Base deployment where suppliers lend USDC and borrowers use weETH (ether.fi wrapped eETH) as collateral. This market brings liquid restaking leverage to Base.

How This Market Works

This market combines restaking with Base efficiency:

  1. Supply USDC to the Base lending pool
  2. Receive vault tokens representing your position
  3. Earn interest from weETH-collateralized borrowers
  4. Withdraw USDC plus yield (subject to utilization)
Base Restaking: weETH on Base enables low-cost restaking leverage.

What Assets Are Involved

Supply Asset: USDC (native Base USDC) Collateral Asset: weETH (ether.fi on Base) Market Type: Isolated lending with fixed LLTV

weETH on Base:

  • Bridged ether.fi restaking token
  • Earns staking + restaking yield
  • Points accumulation continues
  • Growing Base integration

Restaking on Base

weETH provides:

  • Multiple yield sources
  • EigenLayer exposure
  • Lower-cost leverage
  • Base DeFi composability

Risk Disclosures

Smart Contract Risk: Exposure to Morpho Blue (Base) and ether.fi. Layer 2 Risk: Base sequencer and bridge risks. Restaking Risk: EigenLayer slashing could affect weETH. Bridge Risk: weETH on Base involves bridging. Oracle Risk: Accurate weETH pricing on Base. Utilization Risk: High utilization may prevent withdrawals. Protocol Stacking Risk: Multiple protocols increase complexity. Liquidity Risk: Less weETH liquidity on Base than mainnet.

Related Money Markets

Aave Ethereum WETH1.25% APYAave Ethereum USDT2.45% APYAave Ethereum wstETH0.01% APYAave Ethereum USDC3.47% APYAave Ethereum WBTC0.01% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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