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 | Yield Clearstar USDC | Clearstar | USDC | $533.73K | 4.32% | 15.0% | 15.0% | $27.24K | +8.0% | N/A |
| Ethereum | Flagship USDT | B.Protocol | USDT | $506.73K | 0.00% | 0.0% | 0.0% | N/A | -0.1% | N/A |
| HyperEVM | Felix USDH (Frontier) | Felix | USDH | $500.21K | 19.93% | 10.0% | 10.0% | $111.92K | -94.5% | N/A |
| Base | Gauntlet WETH Core | Gauntlet | WETH | $489.87K | 1.41% | 10.0% | 10.0% | $7.69K | -85.7% | N/A |
| Base | Steakhouse EURC | Steakhouse Financial | EURC | $485.75K | 0.38% | 5.0% | 5.0% | $1.96K | -2.0% | N/A |
| Base | Extrafi XLend WETH | Gauntlet | WETH | $461.12K | 1.41% | 10.0% | 10.0% | $7.23K | -40.5% | N/A |
| Base | Clearstar ETH Reactor | Clearstar | WETH | $458.34K | 2.33% | 8.0% | 8.0% | $11.64K | -19.5% | N/A |
| Base | Extrafi XLend USDC | Gauntlet | USDC | $433.12K | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Ethereum | EURCV Prime | MEV Capital | EURCV | $428.28K | 5.14% | 8.0% | 8.0% | $23.97K | +16.6% | N/A |
| Ethereum | Hadjime USDC Prime | unattributed | USDC | $402.87K | 4.42% | 5.0% | 5.0% | $18.75K | -4.5% | N/A |
| Ethereum | Longtail Strategy USDS | unattributed | USDS | $371.34K | 0.00% | 50.0% | 50.0% | $0.51 | -0.2% | N/A |
| Base | Term Prime USDC | unattributed | USDC | $370.77K | 4.00% | 0.0% | 0.0% | $14.84K | -62.2% | N/A |
| HyperEVM | Felix USDH | Felix | USDH | $349.43K | 1.92% | 10.0% | 10.0% | $7.46K | -91.7% | N/A |
| Ethereum | Avantgarde USDC Core | Avantgarde | USDC | $343.1K | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Base | Steakhouse ETH | Steakhouse Financial | WETH | $331.23K | 1.49% | 5.0% | 5.0% | $5.21K | -55.7% | 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.