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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | Earn Max USDC by Mo Wallet | unattributed | USDC | $33.91K | 5.67% | 10.0% | 10.0% | $2.14K | +141.3% | N/A |
| Base | AA Quad USDC Vault | unattributed | USDC | $33.46K | 3.73% | 9.0% | 9.0% | $1.37K | +0.4% | N/A |
| Ethereum | SingularV USDT | SingularV | USDT | $32.6K | 3.01% | 10.0% | 10.0% | $1.09K | +0.3% | N/A |
| Ethereum | Simple USDS | unattributed | USDS | $31.18K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Worldchain | Re7 WBTC | unattributed | WBTC | $29.7K | 0.00% | 10.0% | 10.0% | N/A | +28.3% | N/A |
| Polygon | Steakhouse High Yield USDC | Steakhouse Financial | USDC | $27.58K | 0.00% | 0.0% | 0.0% | N/A | -8.9% | N/A |
| Unichain | Re7 WETH | RE7 Labs | WETH | $27.44K | 0.00% | 10.0% | 10.0% | N/A | +32.9% | N/A |
| Polygon | Compound POL | Gauntlet | WPOL | $27.44K | 2.57% | 10.0% | 10.0% | $784.17 | -5.6% | N/A |
| Katana | Steakhouse Prime AUSD | Steakhouse Financial | AUSD | $27.16K | 0.00% | 0.0% | 0.0% | $0.01 | -43.4% | N/A |
| Base | Sidelined Capital Piggy Bank USDC | unattributed | USDC | $26.04K | 3.72% | 10.0% | 10.0% | $1.08K | -0.6% | N/A |
| Ethereum | Hakutora WBTC | unattributed | WBTC | $25.61K | 0.14% | 15.0% | 15.0% | $42.82 | +22.8% | N/A |
| Base | Moonwell Ecosystem USDC Vault | Anthias Labs | USDC | $25.31K | 2.72% | 0.0% | 0.0% | $687.41 | -51.5% | N/A |
| Ethereum | Coinshift USDL | Steakhouse Financial | wUSDL | $24.64K | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Arbitrum | kpk USDC Yield | KPK | USDC | $23.69K | 3.54% | 0.0% | 0.0% | $838.49 | -21.8% | N/A |
| Ethereum | Gauntlet WETH Ecosystem | Gauntlet | WETH | $22.93K | 1.53% | 10.0% | 10.0% | $389.89 | +32.9% | 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.