Re7 WETH
RE7WETH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
RE7WETH represents an ERC-4626 receipt token for the Re7 WETH MetaMorpho vault, curated by Re7 Labs. The project demonstrates strong credentialed management and transparent curation practices (Team and Governance: 7.5; Active Development: 6.5) utilizing Aragon trustless guardian mechanisms. However, as a yield-bearing vault share token rather than a standalone protocol token, it lacks dedicated community infrastructure (Community Support: 1.0) and conventional tokenomics (Tokenomics: 3.5). The vault has suffered significant deposit flight, leaving a minimal TVL and negligible exchange liquidity. Furthermore, while no direct exploits, hacks, or regulatory enforcement actions have occurred against RE7WETH, there is a lack of standalone third-party smart contract audits for the vault itself, and holders carry layered counterparty risk across Morpho, Re7 Labs, and underlying collateral markets (Security and Audit History: 5.5). No qualifying red-flag events were affirmatively established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Re7 WETH (RE7WETH)
RE7WETH (Re7 WETH) is an ERC-4626 receipt token representing deposits in the Re7 WETH MetaMorpho vault, a lending vault hosted on the Morpho protocol and curated by Re7 Labs, the on-chain management arm of Re7 Capital. Deployed across networks including Ethereum and Base, the vault is designed to generate yield on Wrapped Ether (WETH) by lending capital against liquid staking token (LST) and liquid restaking token (LRT) collateral.
The vault operates under a curator-managed framework where market allocations and risk parameters are determined by Re7 Labs rather than a token-governed decentralized autonomous organization. Security and curation implementations include a trustless guardian mechanism configured through Aragon and market additions reviewed by y-Academy. As a standard vault share asset, RE7WETH lacks fixed supply caps or traditional vesting schedules, expanding and contracting supply based on user deposits and redemptions.
The asset has experienced significant deposit flight, leaving a circulating supply of approximately 272 tokens, a total value locked of around 1.24K WETH, and minimal exchange trading activity. Holder distribution is concentrated, with the top ten addresses holding approximately 79.05% of the supply. Although RE7WETH has no recorded history of direct exploits, hacks, depegs, or regulatory actions, no standalone third-party smart contract audit report was verified for the vault itself, and depositors are subject to layered smart-contract, oracle, and counterparty risks across Morpho, Re7 Labs, and underlying collateral markets.