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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Katana | Gauntlet USDT | Gauntlet | vbUSDT | $112.02K | 6.75% | 10.0% | 10.0% | $8.43K | -48.6% | N/A |
| Ethereum | Hyperithm USDT Core | Hyperithm | USDT | $112.88K | 2.20% | 10.0% | 10.0% | $2.77K | +0.3% | N/A |
| HyperEVM | HyperEVM USDC Idle Vault | unattributed | USDC | $121.36K | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | SingularV ETH | SingularV | WETH | $122.12K | 1.31% | 10.0% | 10.0% | $1.78K | +13.7% | N/A |
| Ethereum | Philidor EURC Prime | unattributed | EURC | $124.54K | 1.68% | 0.0% | 0.0% | $2.1K | +0.9% | N/A |
| HyperEVM | Felix USDhl | Felix | USDHL | $128.27K | 0.00% | 10.0% | 10.0% | N/A | -11.2% | N/A |
| Ethereum | Zircuit Finance USDC on Etheruem | unattributed | USDC | $128.96K | 4.98% | 0.0% | 0.0% | $6.42K | +465.7% | N/A |
| Ethereum | Pocky's High Yield USDS - Personal Vault | unattributed | USDS | $139.66K | 0.00% | 15.0% | 15.0% | N/A | -0.0% | N/A |
| Ethereum | Nucleon USDS | unattributed | USDS | $149.74K | 0.09% | 0.0% | 0.0% | $130.19 | -0.0% | N/A |
| Ethereum | Philidor USDC Prime | unattributed | USDC | $159.97K | 4.14% | 0.0% | 0.0% | $6.62K | +0.2% | N/A |
| Ethereum | EURCV Prime | MEV Capital | EURCV | $173.37K | 5.80% | 8.0% | 8.0% | $10.95K | +17.0% | N/A |
| HyperEVM | Gauntlet uETH Vault | Gauntlet | UETH | $193.15K | 0.03% | 10.0% | 10.0% | $73.39 | +30.4% | N/A |
| Polygon | Compound USDT | Gauntlet | USDT0 | $196.62K | 1.29% | 10.0% | 10.0% | $2.82K | -0.4% | N/A |
| Arbitrum | Vaultik USDC | unattributed | USDC | $197.36K | N/A | 0.0% | 0.0% | N/A | +36.8% | N/A |
| Ethereum | Smokehouse DAI | Steakhouse Financial | DAI | $208.99K | 0.00% | 5.0% | 5.0% | N/A | -5.6% | 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.