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 | Steakhouse High Yield USDC v1.1 | Steakhouse Financial | USDC | $2.6M | 5.28% | 0.0% | 0.0% | $137.2K | -3.9% | N/A |
| Ethereum | OUSD Vault V1 | Yearn | USDC | $2.98M | 6.33% | 5.0% | 5.0% | $198.51K | +0.5% | N/A |
| Ethereum | Safe x Steakhouse USDT | Steakhouse Financial | USDT | $3.09M | 2.25% | 10.0% | 10.0% | $77.3K | +66.7% | N/A |
| Ethereum | Clearstar Yield USDC | Clearstar | USDC | $3.1M | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Vault Bridge USDT | Gauntlet | USDT | $3.15M | 2.38% | 5.0% | 5.0% | $78.78K | -34.9% | N/A |
| Ethereum | Metronome msETH Vault | Gauntlet | msETH | $3.45M | 3.52% | 5.0% | 5.0% | $127.92K | +29.9% | N/A |
| Ethereum | Yearn OG WETH | Yearn | WETH | $3.5M | 1.57% | 5.0% | 5.0% | $57.91K | +743.3% | N/A |
| Ethereum | Yearn WBTC | Yearn | WBTC | $3.64M | 0.03% | 0.0% | 0.0% | $1.03K | +20.7% | N/A |
| Ethereum | Gauntlet USDC Core | Gauntlet | USDC | $3.79M | 4.49% | 5.0% | 5.0% | $179.2K | -35.1% | N/A |
| Base | Moonwell Flagship ETH | Anthias Labs | WETH | $4.02M | 1.40% | 15.0% | 15.0% | $58.35K | -35.0% | N/A |
| Ethereum | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $4.12M | 3.87% | 10.0% | 10.0% | $177.83K | -2.0% | N/A |
| Ethereum | MEV Capital wETH | MEV Capital | WETH | $4.57M | 1.50% | 10.0% | 10.0% | $76.15K | +30.0% | N/A |
| HyperEVM | Felix USDT0 | Felix | USD₮0 | $4.6M | 6.02% | 10.0% | 10.0% | $308.94K | -44.4% | N/A |
| Base | Moonwell Flagship USDC | Anthias Labs | USDC | $4.63M | 3.90% | 15.0% | 15.0% | $200.43K | -52.5% | N/A |
| Worldchain | Re7 WETH | unattributed | WETH | $5.33M | 2.74% | 10.0% | 10.0% | $1.4K | +23.1% | 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.