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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Hyperithm USDT Core | Hyperithm | USDT | $111.38K | 3.34% | 10.0% | 10.0% | $4.14K | +0.3% | N/A |
| Base | Seamless cbBTC Vault | Gauntlet | cbBTC | $106.76K | 0.03% | 15.0% | 15.0% | $36.78 | -71.9% | N/A |
| Arbitrum | MS-sUSDe | unattributed | sUSDe | $105.61K | 0.00% | 0.0% | 0.0% | $0.01 | +0.2% | N/A |
| Arbitrum | MS-sUSDC | unattributed | sUSDC | $102.89K | 0.00% | 0.0% | 0.0% | $0 | +0.3% | N/A |
| Ethereum | Cap Ecosystem USDC | Gauntlet | USDC | $102.72K | 5.42% | 10.0% | 10.0% | $6.21K | +0.4% | N/A |
| Arbitrum | UltraYield USDC | UltraYield | USDC | $102.18K | 4.77% | 0.0% | 0.0% | $4.87K | +0.4% | N/A |
| OP Mainnet | UltraYield USDC | UltraYield | USDC | $102.01K | 2.73% | 0.0% | 0.0% | $2.78K | +0.2% | N/A |
| Base | Universal USDC | RE7 Labs | USDC | $99.16K | 0.00% | 10.0% | 10.0% | N/A | -7.0% | N/A |
| HyperEVM | USDhl (Frontier) | Felix | USDHL | $96.58K | 6.49% | 10.0% | 10.0% | $6.99K | -40.0% | N/A |
| Ethereum | Keyrock USDC | Keyrock | USDC | $95.94K | 0.00% | 0.0% | 0.0% | N/A | -16.5% | N/A |
| Arbitrum | kpk USDC Yield | KPK | USDC | $92.72K | 3.61% | 0.0% | 0.0% | $3.35K | -61.7% | N/A |
| Ethereum | "Parity Core USDC" | unattributed | USDC | $91.85K | 3.69% | 0.0% | 0.0% | $3.39K | +204.5% | N/A |
| Ethereum | Safe x Steakhouse ETH | Steakhouse Financial | WETH | $87K | 1.47% | 10.0% | 10.0% | $1.42K | -54.9% | N/A |
| Ethereum | Apostro Ethena USDe | Apostro | USDe | $84.61K | 0.32% | 10.0% | 10.0% | $302.46 | -2.5% | N/A |
| Worldchain | Re7 WARS | unattributed | wARS | $76.25K | 36.11% | 10.0% | 10.0% | $251.26 | -6.5% | 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.