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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Polygon | Compound USDC | Gauntlet | USDC | $1.26M | 2.59% | 10.0% | 10.0% | $36.16K | -19.2% | N/A |
| Ethereum | ALPHA wETH Core | AlphaPing | WETH | $1.15M | 3.06% | 10.0% | 10.0% | $39.03K | -49.5% | N/A |
| Base | Moonwell Frontier cbBTC | Anthias Labs | cbBTC | $1.05M | 0.81% | 15.0% | 15.0% | $237.12 | -25.9% | N/A |
| HyperEVM | Felix USDT0 (Frontier) | Felix | USD₮0 | $1.03M | 5.50% | 10.0% | 10.0% | $63.35K | -45.9% | N/A |
| Ethereum | Resolv USDC | Gauntlet | USDC | $1.03M | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Base | Grove x Steakhouse USDC High Yield | Steakhouse Financial | USDC | $1.02M | 4.04% | 0.0% | 0.0% | $40.98K | +0.3% | N/A |
| Arbitrum | Gauntlet USDC Prime | Gauntlet | USDC | $1.01M | 4.92% | 10.0% | 10.0% | $55.53K | -50.9% | N/A |
| Ethereum | Spark Blue Chip USDC Vault | SparkDAO | USDC | $999.92K | 3.65% | 1.0% | 1.0% | $36.86K | +0.0% | N/A |
| Base | Morpho Base wETH | unattributed | USDC | $985.31K | 4.00% | 0.0% | 0.0% | $39.4K | +39.0% | N/A |
| Ethereum | SingularV ETH | SingularV | WETH | $919.26K | 2.26% | 10.0% | 10.0% | $23.11K | -23.1% | N/A |
| Ethereum | Safe x Smokehouse USDT | Steakhouse Financial | USDT | $825.65K | 3.91% | 11.5% | 11.5% | $36.56K | +0.3% | N/A |
| Ethereum | IMF USDS | unattributed | USDS | $818.89K | 0.05% | 10.0% | 10.0% | $491.07 | -0.0% | N/A |
| Unichain | Gauntlet USDC | Gauntlet | USDC | $818.73K | 2.35% | 10.0% | 10.0% | $21.38K | -2.3% | N/A |
| Base | Seamless USDC Vault | Gauntlet | USDC | $769.79K | 0.00% | 15.0% | 15.0% | N/A | -13.8% | N/A |
| Unichain | Gauntlet WETH | Gauntlet | WETH | $768.59K | 2.36% | 10.0% | 10.0% | $20.14K | -28.7% | 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.