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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Katana | Steakhouse High Yield USDC | Steakhouse Financial | vbUSDC | $1.52K | 0.00% | 10.0% | 10.0% | N/A | -0.4% | N/A |
| Arbitrum | Clearstar High Yield USDC | Clearstar | USDC | $1.55K | 3.70% | 20.0% | 20.0% | $72.16 | -9.3% | N/A |
| Base | Gauntlet LBTC Core | Gauntlet | LBTC | $1.59K | 0.00% | 10.0% | 10.0% | N/A | +22.4% | N/A |
| Base | MEV Capital LCAP Vault | MEV Capital | LCAP | $1.62K | 2.50% | 10.0% | 10.0% | $44.93 | +30.1% | N/A |
| Base | IndeFi USDC | unattributed | USDC | $1.64K | 0.29% | 10.0% | 10.0% | $5.36 | +0.1% | N/A |
| Ethereum | Steakhouse Level USDC | Steakhouse Financial | USDC | $1.64K | 0.00% | 5.0% | 5.0% | N/A | +0.0% | N/A |
| Base | Pocky's High Yield WETH - Personal Vault | unattributed | WETH | $1.66K | 15.82% | 0.0% | 0.0% | $262.38 | -19.9% | N/A |
| HyperEVM | Hyperithm HYPE | Hyperithm | WHYPE | $1.82K | 0.00% | 10.0% | 10.0% | N/A | -21.6% | N/A |
| Ethereum | MEV Capital WBTC | MEV Capital | WBTC | $1.96K | 0.14% | 10.0% | 10.0% | $3.11 | +16.7% | N/A |
| Polygon | Steakhouse High Yield USDT0 | Steakhouse Financial | USDT0 | $2.05K | 0.00% | 0.0% | 0.0% | N/A | -85.9% | N/A |
| Polygon | Re7 wPOL | RE7 Labs | WPOL | $2.15K | 0.00% | 10.0% | 10.0% | N/A | +23.1% | N/A |
| Base | Smokehouse USDC | Steakhouse Financial | USDC | $2.28K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Ethereum | ABRC | unattributed | USDC | $2.33K | N/A | 0.0% | 0.0% | N/A | +188.5% | N/A |
| Arbitrum | UltraYield USDC | UltraYield | USDC | $2.42K | 2.48% | 0.0% | 0.0% | $60.04 | +0.2% | N/A |
| Ethereum | M11C USDC | unattributed | USDC | $2.46K | N/A | 5.0% | 5.0% | N/A | +90.9% | 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.