[MEV Capital] wETH Vault Updates

Vaults MEV Capital
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MEV Capital wETH vault was launched in August 2024. This thread below provides an overview of the vault’s characteristics and features.

About MEV Capital

MEV Capital is a fund with over $300m in assets under management, specializing in optimizing investment strategies in DeFi. MEV Capital is already active on Morpho through the Usual Boosted USDC Vault, which operates on the USD0++ / USDC and USD0USD0++ / USDC markets.

Highlights

The MEV Capital wETH vault was whitelisted on August 8th on MetaMorpho. It allows exposure to ETH+/wETH and wstETH/weETH markets. As of 22 August 2024, the vault has surpassed $6m in TVL and is the leading supplier on the ETH+/wETH market.

The RSR and MORPHO incentives provide an attractive yield, higher than the base LST/LRT rate.

Vault Info

  • Adress : 0x9a8bC3B04b7f3D87cfC09ba407dCED575f2d61D8
  • Symbol : MCwETH

Market Specifications

The vault lends assets to the following markets:

  • ETH+/wETH (86%)

    • Collateral Asset : ETH+
    • Borrow Asset : wETH
    • LLTV : 86%
    • Oracle : 0x3B9c09bde7776C32C518e2E787412A9bBaA7685F

  • wstETH/ETH (94.5%)

    • Collateral Asset : wstETH
    • Borrow Asset : wETH
    • LLTV : 94.5%
    • Oracle : 0x905b7dAbCD3Ce6B792D874e303D336424Cdb1421

Vault Fee

The performance fee for the vault is fixed at 10%.

Next steps

The MEV Capital wETH vault aims to gain exposure to a selection of LST and LRT assets in the market. These tokens are believed to represent a significant yield opportunity. Hence, additional tokens from the LST/LRT ecosystem will be added on a continued basis. Regular updates will be provided to reflect the latest composition of the vault.

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Adding LST/LRT markets

We have recently added new markets to our MEV Capital wETH vault.

These additions align with our goal of gaining exposure to the most robust LST/LRTs on the market. Discover their specifications:

Market Specifications :

apxETH/wETH (86%)

  • Collateral Asset : apxETH
  • Borrow Asset : wETH
  • LLTV : 86%
  • Oracle : Redstone apxETH/ETH (1%) - 0x037D67A5E6F19d0Fb26A6603d2D4fE9d70eC3258
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

WOETH/wETH (86%)

  • Collateral Asset : WOETH
  • Borrow Asset : wETH
  • LLTV : 86%
  • Oracle : Exchange rate - 0xb7948b5bEEe825E609990484A99340D8767B420e
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

ezETH/wETH (94.5%)

  • Collateral Asset : ezETH
  • Borrow Asset : wETH
  • LLTV : 94.5%
  • Oracle : Origami ezETH/ETH exchange rate - 0x94f93f1eADb8a2f73C415AD4C19cB791e6D0192b
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

weETH/wETH (86%)

  • Collateral Asset : weETH
  • Borrow Asset : wETH
  • LLTV : 86%
  • Oracle : Redstone weETH/ETH (0.5%) - 0x3fa58b74e9a8eA8768eb33c8453e9C2Ed089A40a
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

rsETH/wETH (86%)

  • Collateral Asset : rsETH
  • Borrow Asset : wETH
  • LLTV : 86%
  • Oracle : Redstone rsETH/ETH (1%) - 0x423671566dE77E9Cb50E9bE4383BA78fFC808a4e
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

pufETH/wETH (86%)

  • Collateral Asset : pufETH
  • Borrow Asset : wETH
  • LLTV : 86%
  • Oracle : Redstone pufETH/ETH (1%) - 0x7A5628D0f541c697D7E9Bd7DC5a0598b306C13Fc
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

Next steps :

We will provide regular updates with each new market addition.

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Adding STONE/wETH market

We have recently added a new market to our MEV Capital wETH vault.

This addition aligns with our goal of gaining exposure to the most robust LST/LRTs on the market. Discover theses specifications:

Market Specifications :

STONE/wETH

  • Collateral Asset : STONE
  • Borrow Asset : wETH
  • Supply Cap : 1500 ETH
  • LLTV : 94.5%
  • Oracle : Chronicle - STONE/ETH - 0xcF45D565252D56b5d377631982c8543e80a4c6a1
  • IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
  • Incentives : x2 STONE-W1 points for the borrowers

Next steps :

We will provide regular updates with each new market addition.

Learn more about MEV Capital from our website and X.

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Adding WBTC/wETH market

We have recently added a new market to our MEV Capital wETH vault. Specifications detailed below:

Market Specifications :

WBTC/wETH

  • Collateral Asset : WBTC
  • Borrow Asset : wETH
  • Supply Cap : 1500 ETH
  • LLTV : 91.5%
  • Oracle : Chainlink - BTC/ETH (2%) 0xc29B3Bc033640baE31ca53F8a0Eb892AdF68e663
  • IRM : Adaptive Curve - 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC

Next steps :

We will provide regular updates with each new market addition.

Learn more about MEV Capital from our website and X.