Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.16M curator fees annualized · $87.36M 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 $4.42K · 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | Seamless WETH Vault | Gauntlet | WETH | $758.71K | 0.00% | 15.0% | 15.0% | $1.09 | -43.6% | N/A |
| HyperEVM | MEV Capital HYPE | MEV Capital | WHYPE | $742.77K | 5.73% | 10.0% | 10.0% | $47.48K | +43.7% | N/A |
| Arbitrum | Hyperithm USDC Apex | Hyperithm | USDC | $719.76K | 4.12% | 10.0% | 10.0% | $33.06K | -22.8% | N/A |
| Ethereum | August AUSD | August Digital | AUSD | $674.05K | 0.00% | 0.0% | 0.0% | N/A | -91.5% | N/A |
| Arbitrum | MEV Capital USDC | unattributed | USDC | $651.96K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | UltraYield USDC | UltraYield | USDC | $643.34K | 3.92% | 0.0% | 0.0% | $25.22K | -26.6% | N/A |
| Ethereum | Hybrid Tandem Propulsion USDC | unattributed | USDC | $611.73K | 37.40% | 0.0% | 0.0% | $228.8K | +2.9% | N/A |
| Ethereum | Parity High Yield USDC | unattributed | USDC | $592.59K | 8.14% | 0.0% | 0.0% | $48.24K | -79.2% | N/A |
| Katana | Gauntlet AUSD | Gauntlet | AUSD | $570.49K | 22.00% | 10.0% | 10.0% | $141.05K | -36.8% | N/A |
| Ethereum | Re7 WETH | RE7 Labs | WETH | $565.9K | 1.56% | 20.0% | 20.0% | $11.06K | -45.6% | N/A |
| Ethereum | Gauntlet eUSD Core | Gauntlet | eUSD | $564.45K | 0.94% | 10.0% | 10.0% | $5.9K | -24.9% | N/A |
| Base | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $560.37K | 3.62% | 10.0% | 10.0% | $22.58K | +4.9% | N/A |
| Katana | Steakhouse Prime AUSD | Steakhouse Financial | AUSD | $545.66K | 21.30% | 0.0% | 0.0% | $116.22K | -15.9% | N/A |
| HyperEVM | Felix USDe | Felix | USDe | $539.17K | 3.66% | 10.0% | 10.0% | $21.97K | -33.9% | N/A |
| Ethereum | Smokehouse DAI | Steakhouse Financial | DAI | $533.94K | 5.06% | 5.0% | 5.0% | $28.48K | +17.6% | 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.