Vaults
576 active vaults across 11 chains · $2.02B AUM · $4.07M curator fees annualized · $62.32M 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| HyperEVM | Hyperithm HYPE | Hyperithm | WHYPE | $1.88K | 0.00% | 10.0% | 10.0% | N/A | -20.0% | N/A |
| Base | Pocky's High Yield WETH - Personal Vault | unattributed | WETH | $1.68K | 13.05% | 0.0% | 0.0% | $219.15 | -19.2% | N/A |
| Ethereum | Steakhouse Level USDC | Steakhouse Financial | USDC | $1.64K | 0.00% | 5.0% | 5.0% | N/A | +0.0% | N/A |
| Base | IndeFi USDC | unattributed | USDC | $1.64K | 0.29% | 10.0% | 10.0% | $5.35 | +0.1% | N/A |
| Base | MEV Capital LCAP Vault | MEV Capital | LCAP | $1.64K | 2.15% | 10.0% | 10.0% | $39.32 | +31.5% | N/A |
| Base | Gauntlet LBTC Core | Gauntlet | LBTC | $1.61K | 0.00% | 10.0% | 10.0% | N/A | +23.2% | N/A |
| Arbitrum | Clearstar High Yield USDC | Clearstar | USDC | $1.55K | 3.70% | 20.0% | 20.0% | $72.29 | -9.2% | N/A |
| Katana | Steakhouse High Yield USDC | Steakhouse Financial | vbUSDC | $1.52K | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Base | Morpho Base wETH | unattributed | USDC | $1.5K | 4.16% | 0.0% | 0.0% | $62.31 | +158.7% | N/A |
| Ethereum | Steakhouse USDT Lite | Steakhouse Financial | USDT | $1.5K | 0.00% | 5.0% | 5.0% | N/A | +0.1% | N/A |
| Ethereum | UltraYield USDC | UltraYield | USDC | $1.42K | 4.20% | 0.0% | 0.0% | $59.88 | +0.4% | N/A |
| Unichain | Pangolins USDC | unattributed | USDC | $1.4K | 4.35% | 10.0% | 10.0% | $68.12 | +0.6% | N/A |
| Ethereum | Etherealm USDC | unattributed | USDC | $1.38K | N/A | 0.0% | 0.0% | N/A | +53.3% | N/A |
| Ethereum | EUR Real Yield | unattributed | EURe | $1.35K | 0.00% | 10.0% | 10.0% | N/A | +0.6% | N/A |
| Base | 9Summits WETH Core | 9Summits | WETH | $1.3K | 0.00% | 5.0% | 5.0% | N/A | +33.3% | 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.