Vaults
577 active vaults across 11 chains · $2.03B AUM · $4.04M curator fees annualized · $61.07M 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 | Blend Euler Earn USDC V1 | unattributed | eeUSDC | $89.34 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Cap USDC | unattributed | USDC | $89.99 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Parity Core ETH | unattributed | WETH | $90.4 | 1.52% | 0.0% | 0.0% | $1.37 | -100.0% | N/A |
| Ethereum | Turtle cbBTC | 9Summits | cbBTC | $92.06 | 0.01% | 10.0% | 10.0% | $0.01 | +22.5% | N/A |
| Ethereum | Steakhouse RUSD | Steakhouse Financial | rUSD | $92.06 | 0.00% | 0.0% | 0.0% | N/A | -0.2% | N/A |
| Base | Anzen Boosted USDC | unattributed | USDC | $100.02 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Monad | Pocky's High Yield AUSD - Personal Vault | unattributed | AUSD | $101.39 | 3.08% | 0.0% | 0.0% | $1.09 | +0.3% | N/A |
| HyperEVM | HyperEVM USDe Idle Vault | unattributed | USDe | $101.97 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Base | Lumetra Opportunistic USDC | unattributed | USDC | $105.77 | N/A | 0.0% | 0.0% | N/A | +92.0% | N/A |
| Unichain | MEV Capital USDC | MEV Capital | USDC | $108.5 | 0.00% | 10.0% | 10.0% | $0 | -0.1% | N/A |
| Ethereum | Ceres USDe Vault | unattributed | USDe | $113.15 | 0.08% | 10.0% | 10.0% | $0.1 | -0.0% | N/A |
| Ethereum | Yearn OG DAI | Yearn | DAI | $122.18 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Ethereum | Philidor wstETH | unattributed | wstETH | $124.77 | 0.08% | 0.0% | 0.0% | $0.11 | +32.5% | N/A |
| Arbitrum | RIMU USDC Core | unattributed | USDC | $125.35 | 2.14% | 10.0% | 10.0% | $2.99 | -99.7% | N/A |
| Ethereum | dForce WETH | unattributed | WETH | $125.78 | 1.49% | 5.0% | 5.0% | $1.97 | +32.4% | 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.