Vaults
576 active vaults across 11 chains · $2.02B AUM · $4.02M curator fees annualized · $61.49M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-09
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: 787 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 WARS | unattributed | wARS | $95.27K | 28.41% | 10.0% | 10.0% | $73.27 | +16.2% | N/A |
| Base | Yearn OG WETH | Yearn | WETH | $92.91K | 1.81% | 10.0% | 10.0% | $1.87K | +29.5% | N/A |
| Ethereum | Gauntlet LBTC Core | Gauntlet | LBTC | $82.73K | 0.04% | 10.0% | 10.0% | $38.3 | +22.7% | N/A |
| Ethereum | Re7 WBTC | RE7 Labs | WBTC | $76.98K | 0.00% | 10.0% | 10.0% | N/A | +19.6% | N/A |
| Unichain | Gauntlet USDC | Gauntlet | USDC | $75.67K | 2.68% | 10.0% | 10.0% | $2.26K | -9.6% | N/A |
| Base | Steakhouse ETH | Steakhouse Financial | WETH | $72.51K | 0.00% | 5.0% | 5.0% | N/A | -33.2% | N/A |
| Ethereum | Ellen Capital - USDC Safe | unattributed | USDC | $68.28K | 4.49% | 10.0% | 10.0% | $3.41K | -78.5% | N/A |
| Base | Re7 WETH | RE7 Labs | WETH | $66.07K | 0.00% | 10.0% | 10.0% | N/A | +31.6% | N/A |
| HyperEVM | Julian Capital USDC Hype | unattributed | USDC | $58.65K | 5.75% | 0.0% | 0.0% | $3.37K | +0.6% | N/A |
| Ethereum | Steakhouse PYUSD | Steakhouse Financial | PYUSD | $58.51K | 0.00% | 5.0% | 5.0% | N/A | +0.0% | N/A |
| Ethereum | Apostro Ethena USDe | Apostro | USDe | $57.83K | 0.08% | 10.0% | 10.0% | $48.59 | -31.4% | N/A |
| Ethereum | MEV Capital Resolv USR | MEV Capital | USR | $56.07K | 0.00% | 10.0% | 10.0% | $0.01 | -7.7% | N/A |
| Base | Zircuit Finance USDC on Base | unattributed | USDC | $55.27K | 4.10% | 0.0% | 0.0% | $2.27K | +500.6% | N/A |
| Ethereum | 9Summits USDC | 9Summits | USDC | $54.25K | 4.50% | 7.0% | 7.0% | $2.63K | -0.1% | N/A |
| Ethereum | dForce USDT | unattributed | USDT | $53.83K | 3.09% | 5.0% | 5.0% | $1.75K | -13.7% | 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 9, 2026 from /vaults.