Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.01M curator fees annualized · $85.6M 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 $4.45K · 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 | Felix USDhl | Felix | USDHL | $166.35K | 8.55% | 10.0% | 10.0% | $15.88K | -27.3% | N/A |
| Ethereum | Duplicated Key | unattributed | USDC | $157.84K | N/A | 0.0% | 0.0% | N/A | +64.7% | N/A |
| Ethereum | Philidor USDC Prime | unattributed | USDC | $157.26K | 5.54% | 0.0% | 0.0% | $8.72K | +10.4% | N/A |
| Ethereum | Steakhouse PYUSD | Steakhouse Financial | PYUSD | $157.08K | 0.00% | 5.0% | 5.0% | N/A | -50.4% | N/A |
| Ethereum | Hakutora DAI | unattributed | DAI | $152.72K | 0.03% | 15.0% | 15.0% | $47.18 | -0.0% | N/A |
| Base | Gauntlet USDC Frontier | Gauntlet | USDC | $151.63K | 4.06% | 0.0% | 0.0% | $6.16K | -92.8% | N/A |
| Ethereum | Nucleon USDS | unattributed | USDS | $149.74K | 0.00% | 0.0% | 0.0% | $0 | -0.0% | N/A |
| Ethereum | Pocky's High Yield USDC | unattributed | USDC | $142.03K | 9.05% | 0.0% | 0.0% | $12.85K | -29.4% | N/A |
| Ethereum | Pocky's High Yield USDS | unattributed | USDS | $139.66K | 0.00% | 15.0% | 15.0% | N/A | -0.0% | N/A |
| HyperEVM | Gauntlet uETH Vault | Gauntlet | UETH | $137.73K | 0.04% | 10.0% | 10.0% | $60.23 | -39.3% | N/A |
| Arbitrum | Steakhouse High Yield USDT0 | Steakhouse Financial | USDT0 | $129.38K | 2.91% | 0.0% | 0.0% | $3.76K | +81.5% | N/A |
| Ethereum | f(x) Protocol Morpho USDC | RE7 Labs | USDC | $128.15K | 0.00% | 10.0% | 10.0% | N/A | -7.9% | N/A |
| Ethereum | Philidor EURC Prime | unattributed | EURC | $123K | 1.52% | 0.0% | 0.0% | $1.87K | -2.0% | N/A |
| Ethereum | Re7 WBTC | RE7 Labs | WBTC | $119.73K | 0.00% | 10.0% | 10.0% | $5.05 | -45.7% | N/A |
| Ethereum | MEV Capital Elixir USDC | unattributed | USDC | $115.53K | N/A | 10.0% | 10.0% | N/A | +94.6% | 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.