ETH KPK Yield V2
About ETH KPK Yield V2
ETH KPK Yield V2 is an autocompounder on Ethereum with ETH as its underlying token, in which the yield is distributed. It earns yield from its underlying lending venue and automatically converts any claimed rewards into more ETH, removing the manual claim and conversion steps a user would otherwise need to perform on their own.
Rewards earned by the strategy (MORPHO) are periodically converted into ETH and added back to the vault. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders rather than borne by each user individually.
Live since October 2020. Currently indexed at $173K TVL across 72 holders, with a 2.35% 24-hour APY and 14.23% across the trailing 30 days.
Performance Overview
Historical indexer data. Past onchain performance is not a predictive forecast.
Market benchmarking
WETH Autopilot
Base4.86%$1.7M#2ETH Base ETH Lending OptimizerBase3.01%$1.1METH KPK Yield V2You are here
Ethereum2.35%$173KETH LendBase1.97%$105K#5ETH Lend Pool #2Base1.69%$91KAmong the 26 ETH strategies we currently monitor, this product ranks #3. Its 2.35% yield runs 2.7% lower than the cohort average of 2.42%. On a 1 ETH position, that's ~0 ETH per month lower than the cohort average. This product sits in the top quarter of the cohort by APY. It currently holds $173K in TVL, ranking #4 of 26 by TVL.
Ecosystem context
On Ethereum, this product's yield runs roughly in line with the network average across the ETH strategies we monitor. By APY it ranks #1 of 5 in that set. Yields on Ethereum for ETH have averaged 2.35% in our index.
ETH on Ethereum#1 of 5See all 5 ETH strategies on EthereumCurrently the top-yielding ETH opportunity on Ethereum across the 5 products we monitor.
Yield trajectory
Historical indexer data. Past onchain performance is not a predictive forecast.
Strategy stability
Based on APY volatility over the last 30 days. Higher scores indicate steadier yields.
ETHLong-term performance
- Share price has compounded at an annualized rate of 1.52% over 1689 days, growing from 1.0000 to 1.0723. This represents a gain of ~0.0723 ETH per 1 ETH supplied at launch.
- TVL experienced a 99% drawdown from its $37.7M peak, bottoming at $173K over 1350 days. It currently stands at $173K, <1% of the peak value.
- Best performing month was July 2021 at 23.75% average APY; weakest was May 2021 at 1.13%. The spread between best and worst months represents ~0.01885 ETH per 1 ETH per month.
Historical statistics
Over the past 1684 days, this vault's APY has moved from an early average of 8.17% to a recent average of 4.70%, a 42.4% decrease. At the start of the window, 1 ETH would have earned ~0.006806 ETH/mo at then-current rates; at recent rates, ~0.003919 ETH/mo.
Total value locked currently sits at $173K, which is <1% of its all-time peak of $37.7M reached on August 2021.
APY
| 30D Low | 1.94% |
|---|---|
| 30D High | 47.13% |
| 30D Average | 14.23% |
| Lifetime avg (1689d) | 7.70% |
| Median APY | 3.77% |
| Best day | 47.13% · May 25 |
| Worst day | 1.94% · May 15 |
| Volatility | ±17.07% |
| APY range | 45.19pp |
TVL
| 30D Low | $173K |
|---|---|
| 30D High | $318K |
| 30D Average | $276K |
| Lifetime avg (1689d) | $8.0M |
| Median TVL | $308K |
| Best day | $318K · May 24 |
| Worst day | $173K · Jun 7 |
| Current TVL | $173K |
| Largest daily change | $145K |
Historical Data
Download CSVLast data point: Jun 7, 2025 (1.1y ago). Some on-chain data feeds update at different intervals.
| Date | APY |
|---|---|
| Jun 7, 2025 | 3.82% |
| Jun 1, 2025 | 3.72% |
| May 25, 2025 | 47.13% |
| May 22, 2025 | 26.52% |
| May 15, 2025 | 1.94% |
| May 14, 2025 | 2.20% |
| May 7, 2025 | 1.82% |
Strategy details
Frequently Asked Questions
What's the current APY for ETH KPK Yield V2?
ETH KPK Yield V2 is showing a 24-hour APY of 2.35%, with a 30-day average of 14.23%. Rates are variable and move with market conditions, liquidity, and the underlying protocol's incentives. The figures reflect the realised yield over the trailing window; they are not a forward guarantee.
How does the autocompounding work?
The strategy holds positions in its underlying lending venue and periodically claims any rewards that accrue. Those rewards (MORPHO) are then converted into more ETH and added back to the vault, increasing the value of each holder's share. The process repeats automatically; holders are not required to claim, swap, or add anything back themselves. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders.
Can I withdraw at any time?
There are no withdrawal periods or lockups. If the underlying strategy holds enough liquidity to satisfy the request, exits are instant. During periods of liquidity stress in the underlying venue, withdrawal capacity can be limited until liquidity returns. See the risk page for details on how this works.
Where does the yield come from?
Yield is sourced from its underlying lending venue. The income stream is a combination of interest paid by the underlying market and reward emissions in MORPHO, which the strategy claims and converts back into ETH on a recurring basis. The rate moves with the underlying venue's utilisation and incentive schedule.
How stable has the APY been?
Over the last 30 days, this vault's APY has ranged from 1.94% to 47.13%, averaging 14.23%, with measured volatility of ±17.07%. The Strategy stability section above shows where this falls on the scale from very volatile to very consistent.
How much is currently in the vault?
The vault currently holds $173K in TVL across 72 holders. The Historical statistics section above shows how this compares to the vault's 30-day range and lifetime peak.
What are the risks?
Like any onchain yield strategy, this vault is exposed to smart contract risk in both the Harvest contracts and its underlying lending venue, market risk in the underlying venue it routes to, and protocol-specific risks of the assets it interacts with. Harvest's core vault infrastructure was audited by Halborn in January 2025. Audits reduce but do not eliminate risk.
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Harvest is an independent onchain yield index. Performance data reflects historical onchain activity and is not a forecast. See the methodology, risk framework, terms, and disclosures for details on how data is calculated and the risks associated with onchain yield strategies.