The ETH DAO Risk-Managed Vault is now live on Summer.fi.

And now, alongside the vault’s underlying yield, there’s something new:

wstETH rewards are live and claimable on Ethereum via Merkl.

Explore → https://summer.fi/earn?vaults=dao-risk-managed

Why this vault exists

Earning yield on ETH isn’t simple anymore.

Opportunities are spread across protocols. Rates change fast. What works today may not work tomorrow. Managing it manually means constantly moving capital or falling behind.

DAO Risk-Managed Vaults were introduced to deal with that reality.

Instead of picking individual strategies, you enter a system where:

• Yield sources are pre-selected
• Risk is defined upfront
• Allocations adjust over time

What “DAO Risk-Managed” actually means

This isn’t just active management.

Every strategy inside the vault goes through a structured process:

• Risk filtering → only eligible markets are considered
• Categorization → strategies are grouped by risk level
• Allocation caps → limits on how much capital each can take
• DAO governance → parameters are proposed and approved onchain

Once live, capital is rebalanced within those constraints.

The result isn’t a single trade.

It’s a managed ETH portfolio operating inside defined rules

What the ETH DAO Risk-Managed Vault is doing

This vault deploys ETH across multiple DeFi markets on Ethereum mainnet.

Instead of relying on a single source of yield, it allocates capital across a set of approved strategies including markets like Morpho and FluidLite, as well as liquidity buffers.

Each strategy is assigned to a risk category, with allocation caps defining how much capital it can receive.

The result is a portfolio where:

• capital is distributed across multiple markets
• exposure is limited per strategy
• and allocation is continuously adjusted within defined risk parameters

Each position plays a role in balancing yield, liquidity, and risk.

What’s new: wstETH rewards

On top of the vault’s underlying yield, users now receive:

wstETH rewards are claimable on Ethereum via Merkl.

Check and claim here:

https://app.merkl.xyz/users/0xDDc68f9dE415ba2fE2FD84bc62Be2d2CFF1098dA/claims

This matters more than it sounds. Here, rewards stay aligned with the asset:

ETH exposure → rewarded in ETH-denominated yield (via wstETH)

What you can see in the vault

The ETH DAO Risk-Managed Vault makes the strategy legible.

Instead of depositing into a black box, you can see how capital is allocated across supported yield sources, what each market is earning, and how much exposure each one is allowed to take. That matters because DAO risk-managed vaults are built around a transparent risk framework, where yield sources are filtered, accepted or rejected, then categorized by risk profile before capital is allocated.

The point is not just visibility for its own sake. It is visibility into how a higher risk / higher reward ETH strategy is being expressed onchain, inside governance-defined limits.

Why this matters

DAO Risk Managed vaults were introduced to serve users who want access to higher-yielding strategies than the lower-risk and Block Analitica-managed higher-risk vaults were designed for. Summer.fi describes them as a new category focused on exposure to the highest-yielding opportunities across established DeFi protocols, while still operating inside a transparent, governance-defined framework.

That is the real value proposition.

You are not expected to monitor yield leaderboards, rotate capital manually, or decide when a new opportunity is worth the risk. Keepers handle rebalancing when yield differentials justify it, while governance and the risk framework define what the vault can and cannot do.

A different way to hold ETH

This isn’t passive.

And it’s not fully manual.

It’s structured exposure to higher-yield ETH strategies, operating within a governance-defined risk framework.

• Automated allocation across markets
• Exposure capped by risk category
• Parameters set and updated through DAO governance

With wstETH rewards now live, the structure becomes clearer:

You deposit ETH.

Your capital is deployed across multiple DeFi markets.

You earn yield and now additional ETH-denominated rewards (wstETH), claimable on Ethereum.

Explore the vault

ETH DAO Risk-Managed Vault is now live.

Explore → https://summer.fi/earn/mainnet/position/0x0c1fbccc019320032d9acd193447560c8c632114

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Disclaimer: Oazo Apps Limited functions solely as a front-end interface (Summer.fi) provider and it does not act on behalf of any user. Oazo Apps Limited did not launch nor does it operate or control the Lazy Summer Protocol. The Lazy Summer Protocol is accessed through Summer.fi. The information provided herein is provided on behalf of the Lazy Summer Foundation which launched the Protocol for informational purposes only and it does not constitute investment advice. Oazo Apps Limited and the Lazy Summer Foundation are not soliciting or recommending any transaction or guaranteeing any specific returns. Users interact with the Protocol at their own risk. T&C for the use of Summer.fi apply.