wstETH Yield in DeFi — Live Rates
The top wstETH vault currently offers a 8.43% 7-day average APY. The table below ranks 10 wstETH vaults by 7-day average APY. Rates update daily at 06:00 UTC.
Last updated: June 10, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Ipor | Fusion stETH looping Ethereum | Ethereum | 8.43% | $5M | Med |
| Fluid | Instadapp ETH v2 | Ethereum | 6.18% | $107M | High |
| Ipor | IPOR WstETH Base | Base | 4.02% | $1M | Med |
| Morpho | Smokehouse WSTETH | Ethereum | 3.51% | $4M | High |
| Beefy | Moo Morpho Smokehouse wstETH | Ethereum | 3.34% | $1M | Med |
| Mellow | Mellow stRATEGY | Ethereum | 2.37% | $75M | High |
| Gearbox | kpk wstETH market | Ethereum | 0.19% incl. 0.13% rewards | $7M | Med |
| Moonwell | Moonwell wstETH | Base | 0.15% | $2M | High |
| Aave | Aave v3 Prime wstETH | Ethereum | 0.05% | $111M | High |
| Fluid | Fluid wstETH | Ethereum | 0.04% | $2M | High |
Where does this yield come from?
wstETH (Wrapped Staked ETH) accrues Lido staking rewards automatically. On top of the base staking yield (~3-4% APY), wstETH deposited into lending protocols earns additional lending interest paid by borrowers who use it as collateral. The total APY is the compounded sum of staking yield and lending yield.
Risk considerations
wstETH carries Lido smart contract risk and ETH de-peg risk (stETH trading below 1 ETH). Lending it on Aave or Morpho adds protocol-level smart contract risk. Validator slashing can reduce the underlying stETH balance. No DeFi deposit is insured.
Frequently asked questions
What is the current wstETH yield?
The top 7-day average wstETH vault APY is currently 8.43%, from Fusion stETH looping Ethereum on Ethereum. This includes the base Lido staking yield plus any lending interest. Across 10 tracked vaults, rates range from 0.04% to 8.43%. Data from vaults.fyi, updated daily.
How does wstETH yield compare to native ETH staking?
Native ETH staking yields ~3-4% APY. wstETH deposited into a lending protocol can earn that same base rate plus additional lending interest, often pushing total APY to 4-6%+ during periods of high borrowing demand. The trade-off is additional smart contract risk from the lending protocol.
Related pages
Data sourced from vaults.fyi, updated daily. Last updated: June 10, 2026. Explore all vaults.