Vaults
553 active vaults across 11 chains · $2.36B AUM · $6.11M curator fees annualized · $87.67M 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 $4.7K · 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| HyperEVM | MEV Capital USDC | unattributed | USDC | $749.28 | 6.63% | 10.0% | 10.0% | $55.41 | +8.7% | N/A |
| Arbitrum | Only Trust | unattributed | USDC | $701.13 | 12.44% | 0.0% | 0.0% | $87.21 | -65.0% | N/A |
| Monad | Steakhouse High Yield USD1 | Steakhouse Financial | USD1 | $689.19 | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Base | Gauntlet sUSDS Core | Gauntlet | sUSDS | $687.78 | 0.89% | 0.0% | 0.0% | $6.14 | +0.4% | N/A |
| Base | Max Yield USDC | unattributed | USDC | $643.89 | 4.08% | 0.0% | 0.0% | $26.28 | +0.3% | N/A |
| Arbitrum | USDCtestYield | unattributed | USDC | $643.02 | N/A | 0.0% | 0.0% | N/A | +81.7% | N/A |
| Ethereum | Pangolins USDT | unattributed | USDT | $642.57 | 4.67% | 10.0% | 10.0% | $33.42 | +0.2% | N/A |
| HyperEVM | Julian Capital USDC Hype | unattributed | USDC | $606.22 | 6.01% | 0.0% | 0.0% | $36.41 | -97.6% | N/A |
| Base | ABRC | unattributed | USDC | $598.65 | N/A | 0.0% | 0.0% | N/A | +91.3% | N/A |
| Arbitrum | Yearn OG WETH | Yearn | WETH | $575.87 | 0.00% | 5.0% | 5.0% | $0 | -27.2% | N/A |
| Ethereum | USDT Yield | KPK | USDT | $575.78 | 7.09% | 0.0% | 0.0% | $40.82 | +0.7% | N/A |
| Base | Clearstar Boring USDC | Clearstar | USDC | $539.05 | 4.09% | 0.0% | 0.0% | $22.03 | +4.4% | N/A |
| Base | Apostro Resolv USR | Apostro | USR | $535.07 | 11.98% | 10.0% | 10.0% | $71.67 | +42.7% | N/A |
| Polygon | Gondor Growth v1.e | unattributed | USDC | $527.29 | 0.01% | 0.0% | 0.0% | $0.07 | -0.0% | N/A |
| Ethereum | Hyperithm cbBTC Apex | Hyperithm | cbBTC | $509.09 | 0.00% | 5.0% | 5.0% | N/A | -78.7% | 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 12, 2026 from /vaults.