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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Re7 USDT | RE7 Labs | USDT | $21.97K | 0.00% | 5.0% | 5.0% | N/A | -1.1% | N/A |
| Unichain | K3 Capital ETH Maxi | K3 Capital | WETH | $21.71K | 1.25% | 10.0% | 10.0% | $301.77 | +24.1% | N/A |
| Arbitrum | Steakhouse High Yield USDT0 | Steakhouse Financial | USDT0 | $21.28K | 0.00% | 0.0% | 0.0% | N/A | -53.5% | N/A |
| Ethereum | dForce USDC | unattributed | USDC | $21.1K | 4.06% | 5.0% | 5.0% | $902.02 | +28696.3% | N/A |
| Ethereum | Sentora PYUSD | Sentora | PYUSD | $20.29K | 9.51% | 0.0% | 0.0% | $1.93K | +0.0% | N/A |
| Ethereum | YLV USDC | unattributed | USDC | $19.35K | N/A | 0.0% | 0.0% | N/A | +85.6% | N/A |
| Ethereum | CPT48 USDS Selection | unattributed | USDS | $18.71K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | Pyth ETH | RE7 Labs | WETH | $18.67K | 0.00% | 10.0% | 10.0% | N/A | +32.5% | N/A |
| Ethereum | Re7 USDC Core | RE7 Labs | USDC | $18.03K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Base | 9Summits WETH Core 1.1 | 9Summits | WETH | $17.54K | 0.00% | 10.0% | 10.0% | N/A | +31.5% | N/A |
| HyperEVM | MEV Capital USR | MEV Capital | USR | $17.04K | N/A | 10.0% | 10.0% | N/A | +64.1% | N/A |
| HyperEVM | Gauntlet USDe Core | Gauntlet | USDe | $16.72K | 9.22% | 10.0% | 10.0% | $1.72K | -10.1% | N/A |
| Ethereum | USUAL Vault | MEV Capital | USUAL | $15.82K | 16.30% | 10.0% | 10.0% | $2.89K | +29.6% | N/A |
| Katana | Gauntlet WETH | Gauntlet | vbETH | $15.59K | 0.03% | 10.0% | 10.0% | $5.32 | -99.4% | N/A |
| Ethereum | MEV Capital PTs USDC | MEV Capital | USDC | $15.47K | 0.00% | 10.0% | 10.0% | $0 | -61.6% | 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.