Vaults
553 active vaults across 11 chains · $2.39B AUM · $6.34M curator fees annualized · $91.89M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-11
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 $5.05K · 95% of vaults sit below $10M. A long tail under a handful of mega-vaults.
Vault directory: 768 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 | Parity Core ETH | unattributed | WETH | $4.6M | 1.63% | 0.0% | 0.0% | $75.12K | -30.8% | N/A |
| Ethereum | Usual Boosted USDC | MEV Capital | USDC | $4.48M | 4.29% | 10.0% | 10.0% | $214.06K | -9.5% | N/A |
| Ethereum | Yearn OG WETH | Yearn | WETH | $4.39M | 1.56% | 5.0% | 5.0% | $72.26K | +393.4% | N/A |
| Ethereum | Gauntlet WBTC Core | Gauntlet | WBTC | $4.22M | 0.17% | 10.0% | 10.0% | $8.11K | -24.0% | N/A |
| OP Mainnet | Gauntlet USDC Prime | Gauntlet | USDC | $4.21M | 4.04% | 10.0% | 10.0% | $95.59K | -35.5% | N/A |
| Ethereum | Yearn OG USDC | Yearn | USDC | $4.19M | 4.16% | 5.0% | 5.0% | $183.52K | +57.4% | N/A |
| Ethereum | Lulo USDC | unattributed | USDC | $4.12M | 7.26% | 0.0% | 0.0% | $299.34K | +0.4% | N/A |
| Katana | Gauntlet USDC | Gauntlet | vbUSDC | $4.04M | 5.96% | 10.0% | 10.0% | $148.26K | -3.1% | N/A |
| Ethereum | Smokehouse WSTETH | Steakhouse Financial | wstETH | $3.98M | 1.74% | 10.0% | 10.0% | $77.06K | -21.7% | N/A |
| Base | Steakhouse High Yield USDC v1.1 | Steakhouse Financial | USDC | $3.94M | 4.76% | 0.0% | 0.0% | $187.65K | +9.9% | N/A |
| Ethereum | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $3.7M | 3.31% | 10.0% | 10.0% | $136.4K | -3.7% | N/A |
| Ethereum | Steakhouse infiniFi USDC | Steakhouse Financial | USDC | $3.66M | 5.40% | 5.0% | 5.0% | $208.49K | -23.8% | N/A |
| Ethereum | Clearstar Yield USDC | Clearstar | USDC | $3.39M | N/A | 0.0% | 0.0% | N/A | +74.9% | N/A |
| Ethereum | Steakhouse EURCV | Steakhouse Financial | EURCV | $3.34M | 0.24% | 0.0% | 0.0% | $8.14K | -93.6% | N/A |
| Arbitrum | Gauntlet USDC Core | Gauntlet | USDC | $3.31M | 5.63% | 10.0% | 10.0% | $207.81K | -14.8% | 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 June 11, 2026 from /vaults.