# PT-sw-mwETH-1749168008 on Base · Spectra Fixed Rates

> This market matured on Jun 6, 2025. PT holders can redeem their PT for wETH; LPs can exit.

| Field | Value |
| --- | --- |
| Fixed APY (PT, small trade) | 0.04% |
| Implied APY | 0.03% |
| Variable APY (sw-mwETH) | 1.12% |
| LP APY | 0.97% |
| YT leverage | n/a |
| Maturity | Jun 6, 2025 (0 days) |
| Liquidity | $1.6K |
| TVL | $4.9K |
| Underlying | wETH |
| Interest-bearing token | sw-mwETH (Morpho (Moonwell)) |
| Network | Base (chain id 8453) |

## Links

- Fixed rate: https://app.spectra.finance/fixed-rate/base:0xbd0f196071de8d7d1521c0ee53584875d2d97fc5
- Liquidity: https://app.spectra.finance/pools/base:0xbd0f196071de8d7d1521c0ee53584875d2d97fc5
- Yield leverage: https://app.spectra.finance/trade-yield/base:0xbd0f196071de8d7d1521c0ee53584875d2d97fc5
- How fixed rates work: https://docs.spectra.finance/docs/spectra/guides/fixed-rate
- Risks: https://docs.spectra.finance/docs/spectra/security/risk-documentation

Fixed APY holds only if the PT is held to maturity, barring [negative yield](https://docs.spectra.finance/docs/spectra/security/risk-documentation#negative-yield-risk) in its yield source; selling earlier realises the market price. Information only, not financial advice.