Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.32M curator fees annualized · $91.4M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-10
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 $4.83K · 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 | Vault Bridge WETH | Gauntlet | WETH | $23.35M | 1.31% | 5.0% | 5.0% | $322.99K | -29.2% | N/A |
| Ethereum | Vault Bridge USDC | Steakhouse Financial | USDC | $21.6M | 3.45% | 5.0% | 5.0% | $785.11K | -56.5% | N/A |
| Ethereum | Metronome msUSD Vault | Gauntlet | msUSD | $20.82M | 2.28% | 10.0% | 10.0% | $528.75K | +39.8% | N/A |
| Ethereum | Steakhouse ETH | Steakhouse Financial | WETH | $19.33M | 1.51% | 5.0% | 5.0% | $307.03K | -42.2% | N/A |
| Ethereum | 1337 USDC | unattributed | USDC | $18.92M | N/A | 0.0% | 0.0% | N/A | +94.1% | N/A |
| Ethereum | Smokehouse USDC | Steakhouse Financial | USDC | $18.64M | 5.17% | 10.0% | 10.0% | $1.07M | -31.7% | N/A |
| Ethereum | Gauntlet WETH Prime | Gauntlet | WETH | $16.7M | 1.49% | 5.0% | 5.0% | $262.47K | -60.8% | N/A |
| Ethereum | Hakutora USDC | Hakutora | USDC | $15.02M | 3.07% | 15.0% | 15.0% | $543.77K | -8.4% | N/A |
| Ethereum | Gauntlet USDC RWA | Gauntlet | USDC | $13.18M | 5.24% | 0.0% | 0.0% | $690.34K | +3.3% | N/A |
| Ethereum | Hakutora USDT | Hakutora | USDT | $12.59M | 3.13% | 15.0% | 15.0% | $464.42K | +64.0% | N/A |
| Worldchain | Re7 USDC | unattributed | USDC | $11.96M | 6.18% | 10.0% | 10.0% | $169.42K | +42.4% | N/A |
| Katana | Gauntlet WETH | Gauntlet | vbETH | $10.9M | 2.92% | 10.0% | 10.0% | $73.83K | +105.6% | N/A |
| Ethereum | SwissBorg Morpho USDC | Gauntlet | USDC | $10.4M | 3.26% | 5.0% | 5.0% | $357.5K | -1.1% | N/A |
| HyperEVM | Felix USDC | Felix | USDC | $10.39M | 7.82% | 10.0% | 10.0% | $907.15K | -42.3% | N/A |
| Worldchain | Re7 WLD | unattributed | WLD | $10.23M | 1.98% | 10.0% | 10.0% | $72.13 | +72.7% | 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 10, 2026 from /vaults.