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 | Hackarrot USDC prime | unattributed | USDC | $53.04 | N/A | 0.0% | 0.0% | N/A | +91.8% | N/A |
| Ethereum | Mprinter USDC Yield Vault | unattributed | USDC | $52.66 | N/A | 0.0% | 0.0% | N/A | +2.6% | N/A |
| Base | King Elepan USDC Vault | unattributed | USDC | $50.03 | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Base | Idle USDC Vault | unattributed | USDC | $50 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Re7 cbBTC | RE7 Labs | cbBTC | $48.65 | 0.00% | 10.0% | 10.0% | N/A | +24.1% | N/A |
| Ethereum | Syntropia USDC | unattributed | USDC | $48.25 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Katana | Re7 AUSD | RE7 Labs | AUSD | $47.79 | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Arbitrum | Trinity Gold USDC Vault | unattributed | USDC | $46.14 | N/A | 0.0% | 0.0% | N/A | +68.6% | N/A |
| Polygon | Steakhouse PaoTech JPYC | Steakhouse Financial | JPYC | $44.85 | 0.00% | 5.0% | 5.0% | N/A | +591.7% | N/A |
| Base | dForce USDC | unattributed | USDC | $41.58 | 3.91% | 5.0% | 5.0% | $1.71 | +4.3% | N/A |
| Ethereum | Alpha USDC (Installer) | unattributed | USDC | $40.78 | N/A | 0.0% | 0.0% | N/A | +30.4% | N/A |
| Ethereum | Clearstar Reactor ETH | Clearstar | WETH | $34.39 | 1.68% | 0.0% | 0.0% | $0.58 | +10.8% | N/A |
| Ethereum | Gauntlet Olympus sUSDS Vault | Gauntlet | sUSDS | $33.32 | 42.33% | 5.0% | 5.0% | $15 | +1.9% | N/A |
| Katana | d3nity dUSD | Yearn | dUSD | $31.4 | 10.58% | 13.0% | 13.0% | $3.85 | +1.1% | N/A |
| Ethereum | UltraYield USDT | UltraYield | USDT | $31.03 | 3.90% | 0.0% | 0.0% | $1.21 | +0.3% | 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.