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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | Pyth ETH | RE7 Labs | WETH | $18.56K | 0.00% | 10.0% | 10.0% | N/A | +32.2% | N/A |
| Ethereum | CPT48 USDS Selection | unattributed | USDS | $18.7K | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Base | Moonwell Ecosystem USDC Vault | Anthias Labs | USDC | $19.83K | 4.03% | 0.0% | 0.0% | $799.95 | -61.8% | N/A |
| Ethereum | YLV USDC | unattributed | USDC | $20.05K | N/A | 0.0% | 0.0% | N/A | +88.3% | N/A |
| Ethereum | Sentora PYUSD | Sentora | PYUSD | $20.29K | 9.51% | 0.0% | 0.0% | $1.93K | +0.0% | N/A |
| Arbitrum | Steakhouse High Yield USDT0 | Steakhouse Financial | USDT0 | $21.03K | 0.00% | 0.0% | 0.0% | N/A | -54.1% | N/A |
| Ethereum | dForce USDC | unattributed | USDC | $21.1K | 4.06% | 5.0% | 5.0% | $902.05 | +28694.1% | N/A |
| Unichain | K3 Capital ETH Maxi | K3 Capital | WETH | $21.54K | 0.42% | 10.0% | 10.0% | $99.86 | +24.0% | N/A |
| Ethereum | Re7 USDT | RE7 Labs | USDT | $21.97K | 0.00% | 5.0% | 5.0% | N/A | -1.2% | N/A |
| Ethereum | Gauntlet WETH Ecosystem | Gauntlet | WETH | $22.8K | 1.56% | 10.0% | 10.0% | $394.46 | +32.7% | N/A |
| Arbitrum | kpk USDC Yield | KPK | USDC | $23.69K | 3.59% | 0.0% | 0.0% | $849.82 | -21.8% | N/A |
| Ethereum | Coinshift USDL | Steakhouse Financial | wUSDL | $24.63K | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Hakutora WBTC | unattributed | WBTC | $25.27K | 0.13% | 15.0% | 15.0% | $39.86 | +21.8% | N/A |
| Base | Sidelined Capital Piggy Bank USDC | unattributed | USDC | $26.04K | 3.84% | 10.0% | 10.0% | $1.11K | -0.6% | N/A |
| Polygon | Compound POL | Gauntlet | WPOL | $26.31K | 2.55% | 10.0% | 10.0% | $745.09 | -7.5% | 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.