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 | Steakhouse USDT Lite | Steakhouse Financial | USDT | $1.5K | 3.19% | 5.0% | 5.0% | $50.47 | +0.1% | N/A |
| Unichain | Pangolins USDC | unattributed | USDC | $1.38K | 1.08% | 10.0% | 10.0% | $16.59 | +0.1% | N/A |
| Ethereum | EUR Real Yield | unattributed | EURe | $1.34K | 0.00% | 10.0% | 10.0% | N/A | -1.5% | N/A |
| Base | MEV Capital LCAP Vault | MEV Capital | LCAP | $1.26K | 0.01% | 10.0% | 10.0% | $0.12 | +41.7% | N/A |
| Arbitrum | Yearn OG USDC | Yearn | USDC | $1.24K | 3.82% | 5.0% | 5.0% | $49.78 | -19.9% | N/A |
| HyperEVM | Hyperstable HWHLP/USH | unattributed | USH | $1.19K | 0.14% | 50.0% | 50.0% | $3.37 | -18.3% | N/A |
| Ethereum | BOLD Reactor | Clearstar | BOLD | $1.16K | 0.16% | 4.0% | 4.0% | $1.98 | +0.2% | N/A |
| Ethereum | Gauntlet MKR Blended | unattributed | USDC | $1.11K | 3.71% | 0.0% | 0.0% | $41.3 | +0.3% | N/A |
| Base | Steakhouse sUSDS | Steakhouse Financial | sUSDS | $1.02K | 0.04% | 0.0% | 0.0% | $0.42 | +0.3% | N/A |
| Ethereum | Re7 FRAX | unattributed | FRAX | $938.15 | 0.00% | 2.0% | 2.0% | N/A | -0.0% | N/A |
| Arbitrum | Parity High Yield USDC | unattributed | USDC | $913.78 | 4.03% | 0.0% | 0.0% | $36.78 | N/A | N/A |
| Base | 9Summits WETH Core | 9Summits | WETH | $904.57 | 0.00% | 5.0% | 5.0% | N/A | -30.4% | N/A |
| Ethereum | MEV Capital cbBTC | unattributed | cbBTC | $827.19 | 3.42% | 10.0% | 10.0% | $31.53 | -27.0% | N/A |
| Ethereum | Spark DAI Vault | unattributed | DAI | $767.35 | N/A | 10.0% | 10.0% | N/A | +9.3% | N/A |
| Ethereum | LeadBlock USDC RWA | unattributed | USDC | $763.28 | 0.69% | 50.0% | 50.0% | $10.6 | +0.1% | 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 12, 2026 from /vaults.