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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Katana | Pocky's High Yield vbUSDC - Personal Vault | unattributed | vbUSDC | $15.33K | N/A | 0.0% | 0.0% | N/A | -44.2% | N/A |
| OP Mainnet | Moonwell Flagship USDC | Block Analitica | USDC | $14.97K | 0.00% | 15.0% | 15.0% | N/A | +0.0% | N/A |
| Base | Jarvis USDC | unattributed | USDC | $14.06K | 3.54% | 10.0% | 10.0% | $554.89 | -72.1% | N/A |
| Base | Pyth USDC | RE7 Labs | USDC | $13.98K | 0.00% | 10.0% | 10.0% | N/A | -0.5% | N/A |
| Katana | Yearn OG USDC | Yearn | vbUSDC | $13.69K | 5.79% | 10.0% | 10.0% | $333.75 | -0.3% | N/A |
| Ethereum | Adpend | unattributed | USDC | $13.44K | N/A | 10.0% | 10.0% | N/A | +33.1% | N/A |
| Ethereum | AlphaPing PT Frontier | AlphaPing | USDC | $13.43K | 0.01% | 10.0% | 10.0% | $0.88 | +0.0% | N/A |
| Monad | Steakhouse High Yield AUSD | Steakhouse Financial | AUSD | $13.16K | 2.85% | 10.0% | 10.0% | $123.63 | +0.6% | N/A |
| Ethereum | Flagship USDT | unattributed | USDT | $12.9K | 0.00% | 0.0% | 0.0% | N/A | -54.7% | N/A |
| Ethereum | Relend USDC | B.Protocol | USDC | $12.83K | 13.29% | 0.0% | 0.0% | $1.71K | -15.6% | N/A |
| Monad | Steakhouse High Yield USDC | Steakhouse Financial | USDC | $11.96K | 6.78% | 10.0% | 10.0% | $880.36 | +0.4% | N/A |
| HyperEVM | MEV Capital USDT0 | MEV Capital | USD₮0 | $11.95K | 2.95% | 10.0% | 10.0% | $392.38 | -18.2% | N/A |
| Ethereum | Dapp-Learning-Vault | unattributed | WETH | $11.28K | N/A | 0.0% | 0.0% | N/A | +78.6% | N/A |
| Base | Landforge Premier USDC | unattributed | USDC | $11.14K | N/A | 7.0% | 7.0% | N/A | +89.5% | N/A |
| Base | Gauntlet EURC Core | Gauntlet | EURC | $11.08K | 3.03% | 10.0% | 10.0% | $373.81 | -77.4% | 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.