Vaults
576 active vaults across 11 chains · $2.02B AUM · $4.07M curator fees annualized · $62.32M 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| HyperEVM | HyperEVM HYPE Idle Vault | unattributed | WHYPE | $10.41K | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Everstone | unattributed | USDC | $10.1K | 4.13% | 0.0% | 0.0% | $417.48 | +0.4% | N/A |
| Base | Steakhouse High Yield USDC | Steakhouse Financial | USDC | $10.09K | 0.00% | 25.0% | 25.0% | N/A | -0.0% | N/A |
| Ethereum | GTEST 1.0 | unattributed | USDC | $10.08K | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| HyperEVM | Felix USDH | Felix | USDH | $9.7K | 2.88% | 10.0% | 10.0% | $311.13 | -28.2% | N/A |
| Arbitrum | Yearn Degen USDC | Yearn | USDC | $9.24K | 0.00% | 10.0% | 10.0% | N/A | -4.9% | N/A |
| Arbitrum | Steakhouse Prime USDC | Steakhouse Financial | USDC | $8.76K | 0.00% | 0.0% | 0.0% | N/A | -48.5% | N/A |
| Ethereum | Falcon USDf Core | AlphaPing | USDf | $8.68K | 1.60% | 10.0% | 10.0% | $154.63 | -16.5% | N/A |
| Ethereum | Pocky's High Yield EURC - Personal Vault | unattributed | EURC | $8.56K | 2.17% | 0.0% | 0.0% | $185.61 | +1.0% | N/A |
| Ethereum | Baguette USDS Yield | unattributed | USDS | $8.5K | 0.00% | 30.0% | 30.0% | N/A | +0.0% | N/A |
| Ethereum | kpk ETH Prime | KPK | WETH | $8.42K | 1.13% | 0.0% | 0.0% | $94.9 | +33.4% | N/A |
| HyperEVM | Gauntlet WHYPE | Gauntlet | WHYPE | $8.12K | 4.75% | 10.0% | 10.0% | $429.84 | -42.9% | N/A |
| HyperEVM | Felix USDH (Frontier) | Felix | USDH | $7.86K | 0.00% | 10.0% | 10.0% | N/A | -26.5% | N/A |
| Base | Ionic Ecosystem WETH | Gauntlet | WETH | $7.62K | 1.30% | 15.0% | 15.0% | $116.71 | +32.8% | N/A |
| Base | Pocky's High Yield USDC - Personal Vault | unattributed | USDC | $7.11K | 2.83% | 50.0% | 50.0% | $407.81 | +0.6% | 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 September 9, 2026 from /vaults.