Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.01M curator fees annualized · $85.77M 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 $4.72K · 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 | Hakutora WBTC | unattributed | WBTC | $20.67K | 0.98% | 15.0% | 15.0% | $237.61 | -21.7% | N/A |
| Ethereum | USDCV Prime | unattributed | USDCV | $20.12K | 0.11% | 0.0% | 0.0% | $21.33 | -48.8% | N/A |
| Base | Muscadine USDC Vault | unattributed | USDC | $20.01K | 4.90% | 5.0% | 5.0% | $1.03K | -81.5% | N/A |
| Worldchain | Re7 WBTC | unattributed | WBTC | $19.37K | 0.00% | 10.0% | 10.0% | N/A | +21.7% | N/A |
| HyperEVM | Gauntlet USDe Core | Gauntlet | USDe | $19.27K | 7.03% | 10.0% | 10.0% | $1.51K | -54.5% | N/A |
| HyperEVM | MEV Capital USDT0 | MEV Capital | USD₮0 | $19.19K | 16.79% | 10.0% | 10.0% | $3.61K | -25.9% | N/A |
| Ethereum | CPT48 USDS Selection | unattributed | USDS | $18.7K | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Unichain | Re7 WETH | unattributed | WETH | $18.51K | 0.12% | 10.0% | 10.0% | $24.17 | -29.9% | N/A |
| Arbitrum | dForce USDC | unattributed | USDC | $18.48K | 3.51% | 5.0% | 5.0% | $682.64 | +67323.5% | N/A |
| Ethereum | Re7 USDC Core | unattributed | USDC | $18.03K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Ethereum | USUAL Vault | unattributed | USUAL | $16.92K | 6.38% | 10.0% | 10.0% | $1.2K | -39.8% | N/A |
| Ethereum | Hyperithm USDC Core | Hyperithm | USDC | $16.57K | 3.51% | 5.0% | 5.0% | $613.17 | -21.2% | N/A |
| Ethereum | Alpha ZCHF Vault | AlphaPing | ZCHF | $16.2K | 3.37% | 10.0% | 10.0% | $607.99 | -2.5% | N/A |
| OP Mainnet | Moonwell Flagship USDC | Block Analitica | USDC | $16.17K | 0.00% | 15.0% | 15.0% | N/A | -28.4% | N/A |
| Ethereum | Tanken USDC | unattributed | USDC | $15.9K | N/A | 10.0% | 10.0% | N/A | +89.5% | 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.