Vaults
577 active vaults across 11 chains · $2.03B AUM · $4.12M curator fees annualized · $63.39M 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: 788 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 | Julian Capital Yield USDC | unattributed | USDC | $589.81 | 4.79% | 0.0% | 0.0% | $28.25 | +0.4% | N/A |
| Ethereum | USDT Yield | KPK | USDT | $583.97 | 0.20% | 0.0% | 0.0% | $1.17 | +0.1% | N/A |
| Ethereum | "Parity Core USDC" | unattributed | USDC | $527.97 | 4.79% | 0.0% | 0.0% | $25.28 | -99.9% | N/A |
| Polygon | Gondor Growth v1.e | unattributed | USDC | $527.47 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Katana | Pocky's High Yield vbUSDT - Personal Vault | unattributed | vbUSDT | $504.25 | 0.00% | 0.0% | 0.0% | $0 | -0.0% | N/A |
| Arbitrum | Trinity Gold USDC Vault | unattributed | USDC | $502.62 | N/A | 0.0% | 0.0% | N/A | +68.6% | N/A |
| Ethereum | Steakhouse USDR | Steakhouse Financial | USDR | $469.26 | 0.00% | 5.0% | 5.0% | N/A | -41.8% | N/A |
| Base | Steakhouse USDM | Steakhouse Financial | wUSDM | $447.63 | 0.00% | 5.0% | 5.0% | N/A | +0.1% | N/A |
| Base | Testing USDC | unattributed | USDC | $437.47 | N/A | 0.0% | 0.0% | N/A | +54.0% | N/A |
| Base | Magic Genie USDC | unattributed | USDC | $419.41 | N/A | 3.0% | 3.0% | N/A | +91.8% | N/A |
| Ethereum | Relend cbBTC | unattributed | cbBTC | $405.96 | 0.00% | 10.0% | 10.0% | $0.01 | +24.1% | N/A |
| Katana | Yearn OG USDT | Yearn | vbUSDT | $400.43 | 5.86% | 10.0% | 10.0% | $26.17 | -21.9% | N/A |
| Ethereum | MaxEarn USDC | unattributed | USDC | $394.89 | 0.02% | 10.0% | 10.0% | $0.09 | +0.0% | N/A |
| Katana | Gauntlet WBTC | Gauntlet | vbWBTC | $382.76 | 0.00% | 10.0% | 10.0% | N/A | +23.6% | N/A |
| Ethereum | Super USDC Vault | unattributed | USDC | $380.26 | N/A | 0.0% | 0.0% | N/A | +90.9% | 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.