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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Monad | Steakhouse High Yield AUSD | Steakhouse Financial | AUSD | $13.16K | 1.63% | 10.0% | 10.0% | $0.56 | +0.5% | N/A |
| Ethereum | AlphaPing PT Frontier | AlphaPing | USDC | $13.43K | 0.01% | 10.0% | 10.0% | $0.88 | +0.0% | N/A |
| Ethereum | Adpend | unattributed | USDC | $13.66K | N/A | 10.0% | 10.0% | N/A | +33.9% | N/A |
| Katana | Yearn OG USDC | Yearn | vbUSDC | $13.69K | 5.92% | 10.0% | 10.0% | $325.57 | -0.7% | N/A |
| Base | Pyth USDC | RE7 Labs | USDC | $13.98K | 0.00% | 10.0% | 10.0% | N/A | -0.5% | N/A |
| Base | Jarvis USDC | unattributed | USDC | $14.07K | 4.56% | 10.0% | 10.0% | $713.9 | -72.1% | N/A |
| OP Mainnet | Moonwell Flagship USDC | Block Analitica | USDC | $14.97K | 0.00% | 15.0% | 15.0% | N/A | +0.0% | N/A |
| Ethereum | USUAL Vault | MEV Capital | USUAL | $15.13K | 15.88% | 10.0% | 10.0% | $2.69K | +28.4% | N/A |
| HyperEVM | Gauntlet USDe Core | Gauntlet | USDe | $15.14K | 37.13% | 10.0% | 10.0% | $6.36K | -18.6% | N/A |
| Katana | Gauntlet WETH | Gauntlet | vbETH | $15.47K | 0.03% | 10.0% | 10.0% | $5.04 | -99.3% | N/A |
| Ethereum | MEV Capital PTs USDC | MEV Capital | USDC | $15.47K | 0.00% | 10.0% | 10.0% | $0 | -61.6% | N/A |
| Katana | Pocky's High Yield vbUSDC - Personal Vault | unattributed | vbUSDC | $15.93K | N/A | 0.0% | 0.0% | N/A | -42.7% | N/A |
| HyperEVM | MEV Capital USR | MEV Capital | USR | $16.66K | N/A | 10.0% | 10.0% | N/A | +61.1% | N/A |
| Base | 9Summits WETH Core 1.1 | 9Summits | WETH | $17.44K | 0.00% | 10.0% | 10.0% | N/A | +31.3% | N/A |
| Ethereum | Re7 USDC Core | RE7 Labs | USDC | $18.03K | 0.00% | 10.0% | 10.0% | 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.