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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Pendle WBTC | MEV Capital | WBTC | $2.48K | 1.04% | 10.0% | 10.0% | $28.66 | -23.1% | N/A |
| Katana | Re7 uSOL | unattributed | uSOL | $2.45K | 0.00% | 10.0% | 10.0% | N/A | -32.4% | N/A |
| Base | Smokehouse USDC | Steakhouse Financial | USDC | $2.27K | 5.39% | 10.0% | 10.0% | $136.26 | +0.4% | N/A |
| Katana | Clearstar USDC Reactor | Clearstar | vbUSDC | $2.13K | 3.55% | 9.0% | 9.0% | $13.18 | +0.4% | N/A |
| HyperEVM | MYRMIDONS WHYPE | unattributed | WHYPE | $2K | 3.62% | 0.0% | 0.0% | $72.25 | +47.3% | N/A |
| Base | Gauntlet LBTC Core | Gauntlet | LBTC | $1.94K | 0.00% | 10.0% | 10.0% | N/A | -21.3% | N/A |
| HyperEVM | Hyperstable SUSDE/USH | unattributed | USH | $1.91K | 0.67% | 50.0% | 50.0% | $25.78 | -72.1% | N/A |
| Base | Pocky's High Yield WETH | unattributed | WETH | $1.84K | 21.27% | 0.0% | 0.0% | $390.98 | +55.6% | N/A |
| Ethereum | UltraYield USDC | UltraYield | USDC | $1.83K | 3.72% | 0.0% | 0.0% | $68.01 | -5.0% | N/A |
| Katana | Steakhouse High Yield USDC | Steakhouse Financial | vbUSDC | $1.82K | 6.70% | 10.0% | 10.0% | $75.6 | +0.5% | N/A |
| Ethereum | OpenEden USDC Vault | unattributed | USDC | $1.78K | 0.00% | 10.0% | 10.0% | $0.01 | -0.0% | N/A |
| Ethereum | MEV Capital WBTC | unattributed | WBTC | $1.67K | 1.04% | 10.0% | 10.0% | $19.36 | -21.0% | 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 | 1.44% | 10.0% | 10.0% | $26.23 | +0.6% | N/A |
| Base | Landforge Premier USDC | unattributed | USDC | $1.6K | N/A | 7.0% | 7.0% | N/A | +90.4% | 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.