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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Worldchain | Re7 EURC | unattributed | EURC | $243.38K | 9.71% | 10.0% | 10.0% | $0.32 | +4.5% | N/A |
| Base | Apostro VNX Swiss Franc VCHF | Apostro | VCHF | $247.7K | 0.17% | 10.0% | 10.0% | $465.9 | +0.5% | N/A |
| Ethereum | ALPHA wETH Core | AlphaPing | WETH | $251.83K | 1.68% | 50.0% | 50.0% | $8.52K | -78.9% | N/A |
| Polygon | Compound WETH | Gauntlet | WETH | $255.81K | 0.01% | 10.0% | 10.0% | $18.09 | +30.5% | N/A |
| Monad | Grove x Steakhouse High Yield AUSD | Steakhouse Financial | AUSD | $256.1K | 2.29% | 0.0% | 0.0% | $1.7K | -24.1% | N/A |
| Base | Gauntlet USDC Frontier | Gauntlet | USDC | $259.39K | 5.82% | 0.0% | 0.0% | $15.09K | -31.8% | N/A |
| Base | Gauntlet cbBTC Core | Gauntlet | cbBTC | $295.08K | 0.14% | 10.0% | 10.0% | $465.74 | +18.9% | N/A |
| Base | Apostro Resolv USDC | Apostro | USDC | $296.72K | N/A | 10.0% | 10.0% | N/A | +92.7% | N/A |
| Ethereum | MEV Capital USD0 | MEV Capital | USD0 | $296.98K | N/A | 10.0% | 10.0% | N/A | +41.7% | N/A |
| Ethereum | Smokehouse WSTETH | Steakhouse Financial | wstETH | $301.99K | 0.00% | 10.0% | 10.0% | N/A | -52.9% | N/A |
| HyperEVM | Felix USDT0 (Frontier) | Felix | USD₮0 | $310.07K | 6.00% | 10.0% | 10.0% | $20.72K | -60.2% | N/A |
| Ethereum | Avantgarde USDC Core | Avantgarde | USDC | $343.12K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| HyperEVM | Felix USDe | Felix | USDe | $356.31K | 6.96% | 10.0% | 10.0% | $27.65K | -25.1% | N/A |
| Ethereum | Yearn USDT | Yearn | USDT | $367.52K | 2.45% | 5.0% | 5.0% | $9.47K | -82.0% | N/A |
| Base | Term Prime USDC | unattributed | USDC | $371.09K | 4.64% | 0.0% | 0.0% | $17.24K | +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 11, 2026 from /vaults.