Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.32M curator fees annualized · $91.4M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-10
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 $4.83K · 95% of vaults sit below $10M. A long tail under a handful of mega-vaults.
Vault directory: 768 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | SageFlow USDC Prime | unattributed | USDC | $0 | 62.05% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Spectra Ecosystem | Clearstar | USDC | $0 | 0.00% | 8.0% | 8.0% | N/A | N/A | N/A |
| Ethereum | IMF WETH | unattributed | WETH | $0 | 0.00% | 10.0% | 10.0% | N/A | -100.0% | N/A |
| Ethereum | Cypher Capital USDC | unattributed | USDC | $0 | 0.00% | 5.0% | 5.0% | N/A | N/A | N/A |
| Ethereum | natural intelligence | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Re7 tBTC | unattributed | tBTC | $0 | 0.00% | 10.0% | 10.0% | N/A | N/A | N/A |
| Ethereum | Lamplight RWA | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | ee | unattributed | wstETH | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | EURCTestingVault | unattributed | EURC | $0 | 0.02% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Relend Gold | unattributed | XAUM | $0 | 0.08% | 10.0% | 10.0% | N/A | N/A | N/A |
| Ethereum | Adpend ETH | unattributed | WETH | $0 | 0.00% | 10.0% | 10.0% | N/A | N/A | N/A |
| Ethereum | Best Return USDC | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | 3Jane Vault USDC | Clearstar | USDC | $0 | 0.07% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | SenTest3 | Sentora | PYUSD | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Anzen Boosted USDC | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | 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 June 10, 2026 from /vaults.