Vaults
576 active vaults across 11 chains · $2.02B AUM · $4.02M curator fees annualized · $61.49M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-09
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: 787 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| HyperEVM | Felix USDhl | Felix | USDHL | $131.27K | 0.00% | 10.0% | 10.0% | N/A | -9.1% | N/A |
| Ethereum | Zircuit Finance USDC on Etheruem | unattributed | USDC | $128.95K | 4.28% | 0.0% | 0.0% | $5.52K | +465.8% | N/A |
| Ethereum | Philidor EURC Prime | unattributed | EURC | $124.64K | 1.71% | 0.0% | 0.0% | $2.13K | +0.9% | N/A |
| Ethereum | SingularV ETH | SingularV | WETH | $122.82K | 1.28% | 10.0% | 10.0% | $1.75K | +13.8% | N/A |
| HyperEVM | HyperEVM USDC Idle Vault | unattributed | USDC | $121.36K | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Hyperithm USDT Core | Hyperithm | USDT | $112.88K | 2.97% | 10.0% | 10.0% | $3.73K | +0.3% | N/A |
| Base | Seamless cbBTC Vault | unattributed | cbBTC | $112.39K | 0.00% | 15.0% | 15.0% | N/A | +8.9% | N/A |
| Katana | Gauntlet USDT | Gauntlet | vbUSDT | $110.37K | 6.52% | 10.0% | 10.0% | $8.03K | -49.2% | N/A |
| Arbitrum | MS-sUSDe | unattributed | sUSDe | $106.72K | 0.00% | 0.0% | 0.0% | $0.01 | +0.3% | N/A |
| Ethereum | Tanken USDC | unattributed | USDC | $106.37K | N/A | 10.0% | 10.0% | N/A | +88.3% | N/A |
| Ethereum | Flagship ETH | unattributed | WETH | $105.01K | 0.00% | 0.0% | 0.0% | N/A | +32.1% | N/A |
| Arbitrum | MS-sUSDC | unattributed | sUSDC | $103.81K | 0.00% | 0.0% | 0.0% | $0 | +0.3% | N/A |
| Ethereum | Cap Ecosystem USDC | Gauntlet | USDC | $103.14K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Base | Clearstar ETH Reactor | Clearstar | WETH | $98.19K | 1.99% | 8.0% | 8.0% | $2.13K | -1.4% | N/A |
| Ethereum | Hakutora cbBTC | unattributed | cbBTC | $97.64K | 0.00% | 15.0% | 15.0% | N/A | +22.9% | 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 9, 2026 from /vaults.