About Ethereum yield
Ether is the gas token of Ethereum and most of the EVM rollups. ETH yield comes from three places: validator rewards (staking and LSTs), lending markets, and restaking via EigenLayer-aware products. Every row on this page is one of those, picked from the strategies we currently index.
What "ETH yield" actually means
Three buckets cover almost everything in our index. Staking and LSTs tokenise validator rewards. Lending markets pay the supply rate that leveraged ETH demand drives. Restaking pays validators to also secure additional networks via EigenLayer. Many strategies on the page combine more than one.
The cohort, in numbers
Right now we track 29 ETH strategies across 5 networks, holding $2.8M in deposits. 24-hour APYs run from 0.00% to 5.76%. Median 1.37%, mean 1.63%. Numbers are scoped to our set, not the wider market.
Where the yield lives, by network
Base (16 vaults, top APY 5.76%), Arbitrum (6 vaults, top APY 1.73%), Ethereum (5 vaults, top APY 2.58%), zkSync (1 vault, top APY 4.32%), and Polygon (1 vault, top APY 0.08%). ETH yield concentrates on Ethereum mainnet plus the rollups with deep LST liquidity. We add networks as ETH strategies ship and remove them when products retire.
LSTs, LRTs, and lending: the strategy mix
Top primitives in the cohort: Morpho (11), Aave (3), Fluid (3), Autopilot (2), and ExtraFi (2). LSTs (liquid staking tokens) tokenise validator rewards. LRTs (liquid restaking tokens) layer EigenLayer points and AVS rewards on top. Lending markets earn the supply rate paid by leveraged ETH demand. Open any vault to see how it fits together.
Reading the APY columns
24-hour APY: today's annualised rate. 30-day APY: trailing mean across the last month. ETH-denominated yield is the rate on the ETH balance, before any price move on ETH itself. Headline numbers look smaller than stablecoin yields for that reason.
Reading the TVL column
TVL is the USD value of ETH sitting in the vault contract. The 29 vaults on this page add up to $2.8M. ETH TVL moves with both deposits and ETH price; TVL alone is not a quality signal.
Risk surfaces on every ETH strategy
Smart-contract risk on the vault and protocol. Slashing risk on validator-backed strategies. Oracle risk. Depeg risk on LSTs and LRTs. Governance risk on every parameter operators can change. Tiers and what we leave out, on the risk framework page.
What this page is, and what it is not
A curated index. Not a complete map of ETH yield. Solo validators and many institutional venues are out of scope by design. Treat every comparison here as within our set; the rules behind that set live on the methodology page.
Frequently asked questions
- Is the APY here paid in ETH or in dollars?
- ETH. The rate is on your ETH balance, not on a dollar position. The price action of ETH itself is separate.
- Do LRTs really earn extra on top of staking?
- They earn whatever AVSs they secure pay, plus EigenLayer points where applicable. The composition is rarely captured in a single APY number; check the vault detail page.
- Are there ETH yield strategies not listed here?
- Many. Solo validators and many institutional venues are intentionally out of scope. The list is what we have indexed and verified.