Vaults
577 active vaults across 11 chains · $2B AUM · $4.09M curator fees annualized · $61.79M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-11
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 | Term Prime USDC | unattributed | USDC | $371.09K | 4.64% | 0.0% | 0.0% | $17.24K | +0.0% | N/A |
| Ethereum | Longtail Strategy USDS | unattributed | USDS | $371.38K | 0.01% | 50.0% | 50.0% | $38.7 | -0.0% | N/A |
| Ethereum | Safe x Steakhouse ETH | Steakhouse Financial | WETH | $395.58K | 1.50% | 10.0% | 10.0% | $6.59K | +304.3% | N/A |
| Arbitrum | Hyperithm USDC Apex | Hyperithm | USDC | $408.67K | 2.96% | 10.0% | 10.0% | $13.45K | -13.3% | N/A |
| Base | Extrafi XLend USDC | Gauntlet | USDC | $433.16K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Ethereum | Gauntlet eUSD Core | Gauntlet | eUSD | $442.73K | 2.95% | 10.0% | 10.0% | $14.53K | -10.8% | N/A |
| Base | Gauntlet WETH Core | Gauntlet | WETH | $461.93K | 2.62% | 10.0% | 10.0% | $13.45K | +25.4% | N/A |
| HyperEVM | Gauntlet USDT0 Vault | Gauntlet | USD₮0 | $472.38K | 6.06% | 10.0% | 10.0% | $31.9K | -20.9% | N/A |
| Arbitrum | Gauntlet USDC Prime | Gauntlet | USDC | $540.49K | 3.60% | 10.0% | 10.0% | $21.66K | +4.8% | N/A |
| Ethereum | Apostro Resolv USDC | Apostro | USDC | $548.45K | N/A | 10.0% | 10.0% | N/A | +89.6% | N/A |
| Base | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $549.99K | 3.90% | 10.0% | 10.0% | $23.89K | -1.0% | N/A |
| Base | Extrafi XLend WETH | Gauntlet | WETH | $561.6K | 1.38% | 10.0% | 10.0% | $8.64K | +19.1% | N/A |
| Unichain | Gauntlet WETH | Gauntlet | WETH | $576.95K | 9.80% | 10.0% | 10.0% | $63.15K | +26.8% | N/A |
| Ethereum | Hybrid Tandem Propulsion USDC | unattributed | USDC | $615.01K | 0.00% | 0.0% | 0.0% | $5.55 | +0.0% | N/A |
| Ethereum | ALPHA USDC Core | AlphaPing | USDC | $625.58K | 3.21% | 50.0% | 50.0% | $40.86K | -44.5% | 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 11, 2026 from /vaults.