Vaults
577 active vaults across 11 chains · $2.01B AUM · $4.09M curator fees annualized · $61.61M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-10
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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | Morph USDC | unattributed | USDC | $8.12 | 3.04% | 1.0% | 1.0% | $0.25 | -23.8% | N/A |
| Polygon | Test | unattributed | USDC | $8.1 | 0.00% | 0.0% | 0.0% | $0 | +0.0% | N/A |
| HyperEVM | Re7 USDT0 | RE7 Labs | USD₮0 | $7.97 | 0.00% | 20.0% | 20.0% | N/A | -91.7% | N/A |
| Ethereum | IMF WETH | unattributed | WETH | $7.9 | 0.00% | 10.0% | 10.0% | $0 | +32.5% | N/A |
| Ethereum | Pocky's High Yield USDC - Personal Vault | unattributed | USDC | $7.68 | N/A | 0.0% | 0.0% | N/A | -98.7% | N/A |
| Ethereum | 9S Mount Kosciuszko USR | 9Summits | USR | $7.46 | 0.00% | 5.0% | 5.0% | $0 | +0.0% | N/A |
| Polygon | usdc staging | unattributed | USDC | $7.3 | 11.10% | 0.0% | 0.0% | $0.81 | +0.8% | N/A |
| HyperEVM | Gauntlet USDhl Vault | Gauntlet | USDHL | $7.26 | 0.00% | 10.0% | 10.0% | $0 | +0.1% | N/A |
| Base | Muscadine WETH Vault | unattributed | WETH | $7.21 | 0.00% | 0.0% | 0.0% | N/A | -10.6% | N/A |
| Ethereum | usdc staging | unattributed | USDC | $7.13 | 4.27% | 0.0% | 0.0% | $0.3 | +0.4% | N/A |
| Base | Kedao SUSDS Vault | unattributed | sUSDS | $6.74 | 0.08% | 0.0% | 0.0% | $0.01 | +0.3% | N/A |
| Ethereum | Steakhouse PAXG | Steakhouse Financial | PAXG | $6.54 | 0.00% | 0.0% | 0.0% | N/A | -0.2% | N/A |
| HyperEVM | GlueX HYPE | unattributed | WHYPE | $6.53 | 1.32% | 10.0% | 10.0% | $0.1 | +17.3% | N/A |
| Ethereum | wNXM-stNXM Vault | unattributed | wNXM | $6.32 | 0.00% | 0.0% | 0.0% | N/A | +16.8% | N/A |
| Base | Blue Chip USDC Vault (Prime) | unattributed | USDC | $6.22 | 4.26% | 0.0% | 0.0% | $0.27 | +0.4% | 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 10, 2026 from /vaults.