Vaults
577 active vaults across 11 chains · $2.01B AUM · $4.09M curator fees annualized · $61.61M 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 | Hyperithm USDT0 | Hyperithm | USD₮0 | $5.5K | 3.20% | 10.0% | 10.0% | $195.75 | -41.0% | N/A |
| Ethereum | OpenEden USDC Vault | unattributed | USDC | $5.62K | 0.00% | 10.0% | 10.0% | $0.01 | +0.2% | N/A |
| Ethereum | Re7 Falcon USDf | RE7 Labs | USDf | $5.84K | 0.00% | 10.0% | 10.0% | N/A | -0.7% | N/A |
| Ethereum | MVL USDC | unattributed | USDC | $6.25K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| HyperEVM | USDhl (Frontier) | Felix | USDHL | $6.34K | 0.00% | 10.0% | 10.0% | N/A | -65.5% | N/A |
| Ethereum | Alpha ZCHF Vault | AlphaPing | ZCHF | $6.39K | 5.36% | 10.0% | 10.0% | $381.61 | -30.5% | N/A |
| Unichain | Gauntlet USDT0 | Gauntlet | USDT0 | $6.59K | 20.79% | 10.0% | 10.0% | $1.54K | -89.7% | N/A |
| Unichain | Re7 USDT0 | RE7 Labs | USDT0 | $6.73K | 0.00% | 10.0% | 10.0% | N/A | -0.6% | N/A |
| Base | Pocky's High Yield USDC - Personal Vault | unattributed | USDC | $7.11K | 2.70% | 50.0% | 50.0% | $389.81 | +0.6% | N/A |
| Base | Ionic Ecosystem WETH | Gauntlet | WETH | $7.54K | 1.39% | 15.0% | 15.0% | $123.17 | +31.9% | N/A |
| HyperEVM | Gauntlet WHYPE | Gauntlet | WHYPE | $7.62K | 4.82% | 10.0% | 10.0% | $409.34 | -45.7% | N/A |
| HyperEVM | Felix USDH (Frontier) | Felix | USDH | $7.9K | 0.00% | 10.0% | 10.0% | N/A | -25.4% | N/A |
| Arbitrum | Yearn Degen USDC | Yearn | USDC | $8.08K | 0.00% | 10.0% | 10.0% | N/A | -16.8% | N/A |
| Ethereum | kpk ETH Prime | KPK | WETH | $8.33K | 1.47% | 0.0% | 0.0% | $122.59 | +32.6% | N/A |
| Ethereum | Baguette USDS Yield | unattributed | USDS | $8.5K | 0.00% | 30.0% | 30.0% | N/A | -0.0% | 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.