Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.01M curator fees annualized · $85.6M 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 $4.45K · 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 | Moonwell Ecosystem USDC Vault | Anthias Labs | USDC | $77.14K | 5.42% | 0.0% | 0.0% | $4.18K | -54.8% | N/A |
| Ethereum | Hakutora cbBTC | unattributed | cbBTC | $76.16K | 3.28% | 15.0% | 15.0% | $2.94K | -19.3% | N/A |
| Worldchain | Re7 WARS | unattributed | wARS | $75.87K | 38.55% | 10.0% | 10.0% | $249.55 | -6.9% | N/A |
| Ethereum | Apostro Resolv USDC | Apostro | USDC | $74.47K | N/A | 10.0% | 10.0% | N/A | +93.1% | N/A |
| Polygon | Steakhouse High Yield USDC | Steakhouse Financial | USDC | $74.22K | 10.10% | 0.0% | 0.0% | $7.5K | +82.6% | N/A |
| Ethereum | Flagship ETH | unattributed | WETH | $70.57K | 0.00% | 0.0% | 0.0% | N/A | -29.1% | N/A |
| Arbitrum | Vaultik USDC | unattributed | USDC | $68.15K | N/A | 0.0% | 0.0% | N/A | +55.9% | N/A |
| Ethereum | Gauntlet LBTC Core | Gauntlet | LBTC | $66.25K | 0.10% | 10.0% | 10.0% | $73.06 | -86.7% | N/A |
| Base | Yearn OG WETH | Yearn | WETH | $65.23K | 1.40% | 10.0% | 10.0% | $1.02K | -30.8% | N/A |
| Unichain | Gauntlet USDT0 | Gauntlet | USDT0 | $64.41K | 1.13% | 10.0% | 10.0% | $809.23 | -3.2% | N/A |
| Ethereum | dForce USDT | unattributed | USDT | $61.93K | 4.27% | 5.0% | 5.0% | $2.79K | -71.9% | N/A |
| Base | Re7 USDC | unattributed | USDC | $60.92K | 0.00% | 5.0% | 5.0% | N/A | -24.4% | N/A |
| Ethereum | Avantgarde WETH Core | Avantgarde | WETH | $60.03K | 1.47% | 10.0% | 10.0% | $983.42 | -29.1% | N/A |
| HyperEVM | Hyperithm USDT0 | Hyperithm | USD₮0 | $59.51K | 0.16% | 10.0% | 10.0% | $105.76 | -63.8% | N/A |
| Arbitrum | Clearstar High Yield USDC | Clearstar | USDC | $59.04K | 2.72% | 10.0% | 10.0% | $1.79K | -20.3% | 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.