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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Hyperithm USDT Core | Hyperithm | USDT | $111.39K | 3.30% | 10.0% | 10.0% | $4.1K | +0.3% | N/A |
| Base | Seamless cbBTC Vault | Gauntlet | cbBTC | $107.48K | 0.03% | 15.0% | 15.0% | $37.03 | -71.7% | N/A |
| Arbitrum | MS-sUSDe | unattributed | sUSDe | $105.62K | 0.00% | 0.0% | 0.0% | $0.01 | +0.2% | N/A |
| Arbitrum | MS-sUSDC | unattributed | sUSDC | $102.9K | 0.00% | 0.0% | 0.0% | $0 | +0.3% | N/A |
| Ethereum | Cap Ecosystem USDC | Gauntlet | USDC | $102.72K | 5.94% | 10.0% | 10.0% | $6.8K | +0.4% | N/A |
| Arbitrum | UltraYield USDC | UltraYield | USDC | $102.18K | 5.20% | 0.0% | 0.0% | $5.32K | +0.4% | N/A |
| OP Mainnet | UltraYield USDC | UltraYield | USDC | $102.01K | 2.72% | 0.0% | 0.0% | $2.77K | +0.2% | N/A |
| Base | Universal USDC | RE7 Labs | USDC | $99.16K | 0.00% | 10.0% | 10.0% | N/A | -7.0% | N/A |
| HyperEVM | USDhl (Frontier) | Felix | USDHL | $96.37K | 5.07% | 10.0% | 10.0% | $5.45K | -40.1% | N/A |
| Ethereum | Keyrock USDC | Keyrock | USDC | $95.94K | 0.00% | 0.0% | 0.0% | N/A | -16.5% | N/A |
| Arbitrum | kpk USDC Yield | KPK | USDC | $92.72K | 4.88% | 0.0% | 0.0% | $4.53K | -61.7% | N/A |
| Ethereum | "Parity Core USDC" | unattributed | USDC | $91.85K | 3.67% | 0.0% | 0.0% | $3.37K | +204.5% | N/A |
| Ethereum | Safe x Steakhouse ETH | Steakhouse Financial | WETH | $87.52K | 1.47% | 10.0% | 10.0% | $1.43K | -54.6% | N/A |
| Ethereum | Apostro Ethena USDe | Apostro | USDe | $84.62K | 0.32% | 10.0% | 10.0% | $300.03 | -2.5% | N/A |
| Ethereum | MEV Capital PTs USDC | MEV Capital | USDC | $83.85K | 11.42% | 10.0% | 10.0% | $10.71K | +126.7% | 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 June 11, 2026 from /vaults.