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· |
|---|---|---|---|---|---|---|---|---|---|---|
| HyperEVM | Hyperstable bbHLP/USH | unattributed | USH | $178.49 | 0.00% | 50.0% | 50.0% | $0 | -11.0% | N/A |
| Katana | Yearn OG WBTC | Yearn | vbWBTC | $184.6 | 7.01% | 10.0% | 10.0% | $14.43 | -66.2% | N/A |
| Base | BRZ Lending | unattributed | BRZ | $197.61 | 0.00% | 0.0% | 0.0% | $0 | +1.8% | N/A |
| Base | Apostro Resolv USR | Apostro | USR | $205.31 | 6.21% | 10.0% | 10.0% | $14.22 | -10.2% | N/A |
| HyperEVM | MEV Capital USDC | unattributed | USDC | $211.84 | 16.76% | 10.0% | 10.0% | $39.79 | -78.9% | N/A |
| Ethereum | Steakhouse USDQ | Steakhouse Financial | USDQ | $217.07 | 0.00% | 5.0% | 5.0% | N/A | +0.3% | N/A |
| Ethereum | Yieldoor Vault | unattributed | USDC | $217.91 | 0.00% | 0.0% | 0.0% | $0 | +0.0% | N/A |
| HyperEVM | MYRMIDONS WHYPE | unattributed | WHYPE | $228.78 | N/A | 0.0% | 0.0% | N/A | +67.1% | N/A |
| Base | MetaMorpho Test | unattributed | USDC | $243.11 | 3.26% | 10.0% | 10.0% | $8.83 | +0.3% | N/A |
| Ethereum | Notional WETH | unattributed | WETH | $246.79 | 0.01% | 0.0% | 0.0% | $0.02 | +32.2% | N/A |
| Polygon | Gondor Moderate v1.e | unattributed | USDC | $248.09 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Optimex USDC | B.Protocol | USDC | $254.98 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | August USDC | August Digital | USDC | $275.3 | N/A | 0.0% | 0.0% | N/A | +3.0% | N/A |
| HyperEVM | HyperEVM USDT0 Idle Vault | unattributed | USD₮0 | $282.15 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Hyperithm ETH Apex | Hyperithm | WETH | $282.92 | 0.00% | 5.0% | 5.0% | N/A | +32.2% | 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.