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 | Moonwell Frontier cbBTC | Anthias Labs | cbBTC | $633.82K | 0.35% | 15.0% | 15.0% | $209.52 | -71.9% | N/A |
| Ethereum | Waterline Reservoir USDC | Waterline | USDC | $648.14K | 5.84% | 5.0% | 5.0% | $27.7K | -4.5% | N/A |
| Arbitrum | MEV Capital USDC | MEV Capital | USDC | $652.02K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | August AUSD | August Digital | AUSD | $674.08K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | King RSS USDC Vault | unattributed | USDC | $700.01K | 9.36% | 10.0% | 10.0% | $73.19K | +0.0% | N/A |
| Ethereum | Re7 WETH | RE7 Labs | WETH | $702.27K | 0.00% | 20.0% | 20.0% | N/A | +27.0% | N/A |
| Base | Seamless USDC Vault | unattributed | USDC | $737.57K | 0.00% | 15.0% | 15.0% | N/A | -0.8% | N/A |
| Base | Seamless WETH Vault | unattributed | WETH | $757.26K | 0.00% | 15.0% | 15.0% | N/A | +12.1% | N/A |
| Base | Jarvis jEUR | unattributed | jEUR | $764.16K | 7.47% | 10.0% | 10.0% | $10.4K | +7.4% | N/A |
| Ethereum | Ellen Capital - USDC Safe | unattributed | USDC | $768.38K | 5.94% | 10.0% | 10.0% | $50.87K | +141.6% | N/A |
| Base | Yield Clearstar USDC | Clearstar | USDC | $790.2K | 3.99% | 25.0% | 25.0% | $42.33K | +17.2% | N/A |
| Base | Steakhouse EURC | Steakhouse Financial | EURC | $796.22K | 3.10% | 5.0% | 5.0% | $25.96K | +1.8% | N/A |
| Ethereum | IMF USDS | unattributed | USDS | $819.39K | 0.38% | 10.0% | 10.0% | $3.49K | +0.0% | N/A |
| Ethereum | MEV Capital Elixir USDC | MEV Capital | USDC | $827.25K | N/A | 10.0% | 10.0% | N/A | +87.6% | N/A |
| Arbitrum | Gauntlet USDC Core | Gauntlet | USDC | $873.4K | 4.05% | 10.0% | 10.0% | $39.36K | +12.3% | 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.