Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.16M curator fees annualized · $87.36M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-11
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 $4.42K · 95% of vaults sit below $10M. A long tail under a handful of mega-vaults.
Vault directory: 768 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| HyperEVM | Gauntlet USDT0 Vault | Gauntlet | USD₮0 | $304.46K | 8.08% | 10.0% | 10.0% | $27.46K | +1.7% | N/A |
| Base | Apostro VNX Swiss Franc VCHF | Apostro | VCHF | $263.28K | 0.04% | 10.0% | 10.0% | $105.57 | -2.5% | N/A |
| Base | Morpho eUSD | RE7 Labs | eUSD | $253.49K | 2.49% | 10.0% | 10.0% | $7.02K | -31.8% | N/A |
| Base | Gauntlet cbBTC Core | Gauntlet | cbBTC | $229.4K | 0.03% | 10.0% | 10.0% | $79.03 | -13.5% | N/A |
| Worldchain | Re7 EURC | unattributed | EURC | $220.72K | 12.41% | 10.0% | 10.0% | $87.27 | +22.9% | N/A |
| Polygon | Steakhouse High Yield USDT0 | Steakhouse Financial | USDT0 | $207.04K | 5.85% | 0.0% | 0.0% | $12.12K | +7.3% | N/A |
| Polygon | Compound USDT | Gauntlet | USDT0 | $202.55K | 0.83% | 10.0% | 10.0% | $1.87K | -8.4% | N/A |
| Katana | Gauntlet WBTC | Gauntlet | vbWBTC | $202.19K | 0.00% | 10.0% | 10.0% | $0.32 | +72.1% | N/A |
| Katana | d3nity dUSD | Yearn | dUSD | $200.23K | 0.27% | 13.0% | 13.0% | $622.88 | +0.4% | N/A |
| Polygon | Compound WETH | Gauntlet | WETH | $196.81K | 0.09% | 10.0% | 10.0% | $190.91 | -40.3% | N/A |
| Arbitrum | Steakhouse Prime USDC | Steakhouse Financial | USDC | $194.19K | 3.63% | 0.0% | 0.0% | $7.04K | +53.0% | N/A |
| Ethereum | Notional USDC | unattributed | USDC | $189.3K | 3.63% | 0.0% | 0.0% | $6.88K | +0.2% | N/A |
| Katana | Yearn OG WBTC | Yearn | vbWBTC | $188.48K | 0.02% | 10.0% | 10.0% | $36.02 | -60.5% | N/A |
| Base | Gauntlet EURC Core | Gauntlet | EURC | $177.11K | 0.80% | 10.0% | 10.0% | $1.58K | -79.1% | N/A |
| Arbitrum | frobUSDC | unattributed | USDC | $168.58K | N/A | 0.0% | 0.0% | N/A | +93.4% | 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 June 11, 2026 from /vaults.