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 | GTEST 1.0 | unattributed | USDC | $10.1K | 0.00% | 0.0% | 0.0% | N/A | -4.2% | N/A |
| Ethereum | Everstone | unattributed | USDC | $10.01K | 3.70% | 0.0% | 0.0% | $370.78 | -98.7% | N/A |
| Monad | Steakhouse Prime ETH | Steakhouse Financial | WETH | $9.6K | 3.88% | 10.0% | 10.0% | $146.79 | -30.9% | N/A |
| Ethereum | kpk USDC Prime | KPK | USDC | $9.29K | 0.00% | 0.0% | 0.0% | N/A | -93.7% | N/A |
| Ethereum | Baguette USDS Yield | unattributed | USDS | $8.5K | 0.00% | 30.0% | 30.0% | N/A | -0.0% | N/A |
| Ethereum | Pocky's High Yield EURC | unattributed | EURC | $8.45K | 1.71% | 0.0% | 0.0% | $144.86 | -1.9% | N/A |
| Base | Pocky's High Yield USDC | unattributed | USDC | $8.15K | 7.88% | 50.0% | 50.0% | $1.33K | -53.8% | N/A |
| HyperEVM | Gauntlet WHYPE | Gauntlet | WHYPE | $7.42K | 2.31% | 10.0% | 10.0% | $190.96 | -57.0% | N/A |
| Unichain | Re7 USDT0 | unattributed | USDT0 | $6.79K | 0.05% | 10.0% | 10.0% | $4.15 | -20.3% | N/A |
| Base | Muscadine cbBTC Vault | unattributed | cbBTC | $6.36K | 11.62% | 5.0% | 5.0% | $781.03 | -98.4% | N/A |
| Ethereum | MVL USDC | unattributed | USDC | $6.25K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Re7 Falcon USDf | RE7 Labs | USDf | $6.07K | 0.00% | 10.0% | 10.0% | N/A | -0.4% | N/A |
| Base | Macro USDC Vault | unattributed | USDC | $5.92K | 5.61% | 15.0% | 15.0% | $392.37 | -18.0% | N/A |
| Base | Ionic Ecosystem WETH | Gauntlet | WETH | $5.77K | 1.35% | 15.0% | 15.0% | $91.54 | -64.8% | N/A |
| HyperEVM | MYRMIDONS USDT0 | unattributed | USD₮0 | $5.52K | 20.50% | 0.0% | 0.0% | $1.13K | +1.1% | 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.