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 | MEV Capital wETH | MEV Capital | WETH | $127.09 | 0.08% | 10.0% | 10.0% | $0.11 | +32.5% | N/A |
| Base | Apostro USDC | Apostro | USDC | $129.33 | 4.17% | 0.0% | 0.0% | $5.39 | +0.4% | N/A |
| Ethereum | PufEthWeth Market 86 lltv | unattributed | WETH | $132.72 | 31.59% | 0.0% | 0.0% | $41.92 | +36.7% | N/A |
| Ethereum | Brrrstr USDC v1 | unattributed | USDC | $138.9 | N/A | 0.0% | 0.0% | N/A | +91.8% | N/A |
| HyperEVM | Hyperstable WHLP/USH | unattributed | USH | $147.49 | 0.00% | 50.0% | 50.0% | $0 | -40.1% | N/A |
| Ethereum | Gauntlet AUSD Core | Gauntlet | AUSD | $151.92 | 0.03% | 10.0% | 10.0% | $0.06 | +0.1% | N/A |
| HyperEVM | Hyperstable PURR/USH | unattributed | USH | $157.01 | 0.00% | 50.0% | 50.0% | N/A | +4.2% | N/A |
| Ethereum | Parity High Yield USDC | unattributed | USDC | $160.39 | 4.27% | 0.0% | 0.0% | $6.85 | -100.0% | N/A |
| Ethereum | Yielden Senior WBTC | unattributed | WBTC | $161.22 | 0.13% | 0.0% | 0.0% | $0.22 | +22.6% | N/A |
| Base | Monarch M1 | unattributed | USDC | $161.5 | 4.27% | 0.0% | 0.0% | $6.89 | +0.4% | N/A |
| Ethereum | Pangolins USDC | Pangolins | USDC | $164.15 | 3.84% | 10.0% | 10.0% | $7.01 | +0.4% | N/A |
| Ethereum | Sentora PYUSD Core | Sentora | PYUSD | $166.96 | 6.06% | 10.0% | 10.0% | $11.29 | +0.4% | N/A |
| Ethereum | Api3 dCOMP USDC | unattributed | USDC | $167.53 | 8.47% | 5.0% | 5.0% | $14.96 | -10.4% | N/A |
| Arbitrum | Gauntlet USDT0 Core | Gauntlet | USDT0 | $171.51 | 5.14% | 10.0% | 10.0% | $9.83 | +0.2% | N/A |
| Base | HavenFi Yield | unattributed | USDC | $174.14 | 4.16% | 0.0% | 0.0% | $7.24 | +0.4% | 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.