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 | WETH ARM Vault | Yearn | WETH | $8.02M | 1.57% | 5.0% | 5.0% | $132.46K | +3.9% | N/A |
| Ethereum | Gauntlet WETH Prime | Gauntlet | WETH | $8.01M | 1.59% | 5.0% | 5.0% | $133.78K | -3.2% | N/A |
| Ethereum | Gauntlet USDT Frontier | Gauntlet | USDT | $7.84M | 3.27% | 5.0% | 5.0% | $270.3K | -31.6% | N/A |
| Ethereum | Yearn USDC | Yearn | USDC | $7.3M | 4.27% | 0.0% | 0.0% | $311.52K | -13.5% | N/A |
| Ethereum | Gauntlet USDT Prime | Gauntlet | USDT | $6.45M | 3.48% | 0.0% | 0.0% | $224.38K | +67.0% | N/A |
| Ethereum | Hakutora USDT | Hakutora | USDT | $6.28M | 3.05% | 15.0% | 15.0% | $225.66K | -11.4% | N/A |
| Arbitrum | Not Gauntlet | unattributed | USDC | $5.75M | N/A | 0.0% | 0.0% | N/A | +37.1% | N/A |
| Base | Metronome msETH Vault | Gauntlet | msETH | $5.59M | 0.01% | 5.0% | 5.0% | $470.82 | +18.8% | N/A |
| Ethereum | Gauntlet USDC Core | Gauntlet | USDC | $5.47M | 4.34% | 5.0% | 5.0% | $250.49K | -13.9% | N/A |
| Worldchain | Re7 WETH | unattributed | WETH | $5.44M | 3.23% | 10.0% | 10.0% | $1.43K | +18.4% | N/A |
| HyperEVM | Felix USDT0 | Felix | USD₮0 | $4.68M | 5.87% | 10.0% | 10.0% | $305.97K | -44.4% | N/A |
| Ethereum | MEV Capital wETH | MEV Capital | WETH | $4.67M | 1.51% | 10.0% | 10.0% | $78.42K | +30.3% | N/A |
| Base | Moonwell Flagship USDC | Anthias Labs | USDC | $4.66M | 3.86% | 15.0% | 15.0% | $200.8K | -44.7% | N/A |
| Ethereum | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $4.12M | 3.84% | 10.0% | 10.0% | $176.07K | -2.0% | N/A |
| Base | Moonwell Flagship ETH | Anthias Labs | WETH | $3.81M | 1.50% | 15.0% | 15.0% | $60.66K | -45.2% | 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.