Vaults
576 active vaults across 11 chains · $2.04B AUM · $4.29M curator fees annualized · $64.77M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-08
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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Vault Bridge WETH | Gauntlet | WETH | $18.48M | 1.43% | 5.0% | 5.0% | $279.03K | +49.8% | N/A |
| HyperEVM | Felix HYPE | Felix | WHYPE | $18.41M | 1.24% | 10.0% | 10.0% | $253.18K | +17.0% | N/A |
| HyperEVM | Felix USDC (Frontier) | Felix | USDC | $15.18M | 5.19% | 10.0% | 10.0% | $878.27K | -59.1% | N/A |
| Ethereum | Smokehouse USDC | Steakhouse Financial | USDC | $13.48M | 5.63% | 10.0% | 10.0% | $846.63K | -14.8% | N/A |
| Ethereum | Vault Bridge USDC | Steakhouse Financial | USDC | $13.38M | 4.03% | 5.0% | 5.0% | $568.56K | -10.9% | N/A |
| Ethereum | Metronome msUSD Vault | Gauntlet | msUSD | $13.23M | 0.24% | 10.0% | 10.0% | $34.7K | -9.7% | N/A |
| Base | Pangolins USDC | Pangolins | USDC | $11.87M | 3.86% | 10.0% | 10.0% | $510.48K | -43.6% | N/A |
| Worldchain | Re7 WLD | unattributed | WLD | $11.46M | 1.89% | 10.0% | 10.0% | $105.74 | +53.7% | N/A |
| Katana | Steakhouse Prime USDC | Steakhouse Financial | vbUSDC | $11.2M | 2.32% | 10.0% | 10.0% | $288.74K | -16.2% | N/A |
| Ethereum | Gauntlet USDC RWA | Gauntlet | USDC | $11.13M | 4.67% | 0.0% | 0.0% | $519.93K | -2.1% | N/A |
| Worldchain | Re7 USDC | unattributed | USDC | $10.76M | 7.40% | 10.0% | 10.0% | $181.02K | +30.1% | N/A |
| Ethereum | Spark Blue Chip USDC Vault | SparkDAO | USDC | $10.49M | 4.23% | 1.0% | 1.0% | $448.16K | +948.0% | N/A |
| Ethereum | SwissBorg Morpho USDC | Gauntlet | USDC | $10M | 3.85% | 5.0% | 5.0% | $405.7K | -8.3% | N/A |
| Ethereum | Yearn OG USDC | Yearn | USDC | $9.54M | 7.73% | 5.0% | 5.0% | $680.28K | -3.4% | N/A |
| HyperEVM | Felix USDC | Felix | USDC | $8.43M | 5.20% | 10.0% | 10.0% | $488.06K | -36.5% | 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 8, 2026 from /vaults.