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 | Trinity Gold USDC Vault | unattributed | USDC | $46.91 | N/A | 0.0% | 0.0% | N/A | +68.3% | N/A |
| Katana | Re7 AUSD | RE7 Labs | AUSD | $47.79 | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Ethereum | Re7 cbBTC | RE7 Labs | cbBTC | $48.13 | 0.00% | 10.0% | 10.0% | N/A | +23.4% | N/A |
| Ethereum | Syntropia USDC | unattributed | USDC | $48.24 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | Idle USDC Vault | unattributed | USDC | $49.99 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | King Elepan USDC Vault | unattributed | USDC | $50.03 | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Ethereum | Mprinter USDC Yield Vault | unattributed | USDC | $52.8 | N/A | 0.0% | 0.0% | N/A | +2.9% | N/A |
| Ethereum | Hackarrot USDC prime | unattributed | USDC | $53.91 | N/A | 0.0% | 0.0% | N/A | +90.8% | N/A |
| Base | Morpho Base cbETH | unattributed | USDC | $54.17 | 4.06% | 0.0% | 0.0% | $2.2 | +0.3% | N/A |
| Ethereum | Pangolins USDC | unattributed | USDC | $54.51 | 0.02% | 10.0% | 10.0% | $0.01 | +0.0% | N/A |
| Ethereum | Yielden Senior cbBTC | unattributed | cbBTC | $55.07 | 3.26% | 0.0% | 0.0% | $1.8 | +23.7% | N/A |
| OP Mainnet | UltraYield USDC | UltraYield | USDC | $55.32 | 3.76% | 0.0% | 0.0% | $2.08 | +0.4% | N/A |
| Arbitrum | HexaOne USDC | unattributed | USDC | $60.23 | 10.16% | 10.0% | 10.0% | $6.84 | +0.9% | N/A |
| Arbitrum | Avantgarde USDC Prime Arbitrum | Avantgarde | USDC | $61.23 | 4.02% | 10.0% | 10.0% | $2.74 | +0.3% | N/A |
| Ethereum | Bandit USDC | unattributed | USDC | $61.68 | N/A | 5.0% | 5.0% | N/A | +77.3% | 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.