Vaults
577 active vaults across 11 chains · $2.02B AUM · $4M curator fees annualized · $60.51M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-10
Top 10 vaults by AUM
Bars colored by chain · hover for net APY delivered + curator.
Vault performance landscape
Fee rate vs net APY delivered. Bubble size = AUM, color = asset class. Each dot is one vault; the top 5 by AUM are the largest bubbles.
Vault AUM distribution
Median vault AUM $1.64K · 95% of vaults sit below $10M. A long tail under a handful of mega-vaults.
Vault directory: 788 matches
Click a header to sort, a row to copy its identifier (chain:address). Vaults with APY > 100% are dropped as non-economic.
| Chain· | Vault· | Curator· | Asset· | AUM↑ | Net APY· | Fee Rate· | Fee Take· | Borrow Int.· | AUM 30d Δ· | Util· |
|---|---|---|---|---|---|---|---|---|---|---|
| Arbitrum | Tridust USDC | unattributed | USDC | $5.15 | 2.21% | 15.0% | 15.0% | $0.13 | +0.0% | N/A |
| Ethereum | Api3 Core USDC | unattributed | USDC | $5.16 | 2.84% | 5.0% | 5.0% | $0.15 | +0.0% | N/A |
| Worldchain | test-usdc-vault | unattributed | USDC | $5.29 | 2.61% | 0.0% | 0.0% | $0.14 | +0.3% | N/A |
| Arbitrum | MetaMorphoV1_1 | unattributed | MYRC | $5.49 | 0.00% | 5.0% | 5.0% | N/A | +0.4% | N/A |
| Base | bf test | unattributed | USDC | $5.56 | 3.73% | 10.0% | 10.0% | $0.23 | +0.5% | N/A |
| Base | Ceres USDC Vault | unattributed | USDC | $5.61 | N/A | 0.0% | 0.0% | N/A | N/A | N/A |
| Monad | Unified Labs RWA USDC | unattributed | USDC | $5.75 | 0.16% | 10.0% | 10.0% | $0 | -0.0% | N/A |
| Base | Seamless USDC Vault | unattributed | USDC | $6 | N/A | 0.0% | 0.0% | N/A | N/A | N/A |
| Base | Blue Chip USDC Vault (Prime) | unattributed | USDC | $6.22 | 4.16% | 0.0% | 0.0% | $0.26 | +0.4% | N/A |
| Ethereum | wNXM-stNXM Vault | unattributed | wNXM | $6.33 | 0.00% | 0.0% | 0.0% | N/A | +17.0% | N/A |
| Ethereum | Steakhouse PAXG | Steakhouse Financial | PAXG | $6.64 | 0.00% | 0.0% | 0.0% | N/A | +1.4% | N/A |
| Base | Kedao SUSDS Vault | unattributed | sUSDS | $6.74 | 0.08% | 0.0% | 0.0% | $0.01 | +0.3% | N/A |
| HyperEVM | GlueX HYPE | unattributed | WHYPE | $6.81 | 1.21% | 10.0% | 10.0% | $0.09 | +22.3% | N/A |
| Ethereum | usdc staging | unattributed | USDC | $7.13 | 4.27% | 0.0% | 0.0% | $0.3 | +0.3% | N/A |
| Base | Muscadine WETH Vault | unattributed | WETH | $7.25 | 0.00% | 0.0% | 0.0% | N/A | -10.2% | N/A |
Vaults are MetaMorpho's curated allocators. Depositors put capital into a vault, and the curator allocates across Morpho markets. AUM = total assets supplied to the vault. Net APY is after-fee yield delivered to depositors. Fee Rate is the curator's performance fee on yield. Fee Take Rate = curator fees ÷ borrow interest captured = the share of borrower-paid yield the curator retains (per-vault this reduces to the performance fee). Borrow interest captured = AUM × pre-fee APY.
Vaults reporting APY ≥ 100% are excluded from weighted aggregates as data artifacts (a saturated-utilization underlying market with a runaway IRM). The utilization column shows ". " until vault_allocations_daily backfills.
Datum Labs. (2026). Morpho Research Terminal: Vault directory. Retrieved September 10, 2026 from /vaults.