Vaults
553 active vaults across 11 chains · $2.36B AUM · $5.9M curator fees annualized · $84.01M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-12
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 $4.73K · 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Unichain | Steakhouse ETH | Steakhouse Financial | WETH | $3.55K | 0.00% | 0.0% | 0.0% | N/A | -26.5% | N/A |
| Base | Re7 cdxUSD | unattributed | cdxUSD | $3.53K | 0.00% | 10.0% | 10.0% | N/A | +4.2% | N/A |
| Ethereum | YLV USDC | unattributed | USDC | $3.45K | N/A | 0.0% | 0.0% | N/A | +79.0% | N/A |
| Ethereum | Re7 USDC | unattributed | USDC | $3.26K | 0.00% | 20.0% | 20.0% | N/A | -0.0% | N/A |
| Ethereum | Turtle ETH | 9Summits | WETH | $3.1K | 1.78% | 10.0% | 10.0% | $61.53 | -26.2% | N/A |
| Ethereum | Safe x Smokehouse wstETH | Steakhouse Financial | wstETH | $3.08K | 0.00% | 11.5% | 11.5% | N/A | -26.0% | N/A |
| Ethereum | Elixir USDC | Gauntlet | USDC | $3.07K | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Ethereum | LlamaRisk crvUSD Vault | unattributed | crvUSD | $3.01K | 0.00% | 20.0% | 20.0% | N/A | +0.2% | N/A |
| Ethereum | Steakhouse High Yield AUSD | Steakhouse Financial | AUSD | $2.99K | 3.28% | 5.0% | 5.0% | $103.46 | +0.3% | N/A |
| Base | Ionic Ecosystem USDC | Gauntlet | USDC | $2.86K | 3.43% | 15.0% | 15.0% | $115.72 | +0.3% | N/A |
| Ethereum | Dapp-Learning-Vault | unattributed | WETH | $2.82K | N/A | 0.0% | 0.0% | N/A | +96.9% | N/A |
| Base | Re7 RWA | unattributed | verUSDC | $2.76K | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Ethereum | August USDC | August Digital | USDC | $2.69K | 5.33% | 0.0% | 0.0% | $143.38 | -93.0% | N/A |
| Ethereum | kpk EURC Yield | KPK | EURC | $2.64K | 1.59% | 0.0% | 0.0% | $42.08 | -98.8% | N/A |
| Monad | Steakhouse High Yield USDT0 | Steakhouse Financial | USDT0 | $2.54K | 2.54% | 10.0% | 10.0% | $1.25 | +0.4% | 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 June 12, 2026 from /vaults.