Vaults
577 active vaults across 11 chains · $2.03B AUM · $4.12M curator fees annualized · $63.39M 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: 788 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | 0xequity RWA USDC | unattributed | USDC | $378.97 | N/A | 0.0% | 0.0% | N/A | +10.7% | N/A |
| Ethereum | Steakhouse Prime EURC | Steakhouse Financial | EURC | $362.02 | 0.00% | 5.0% | 5.0% | N/A | +0.9% | N/A |
| Base | Morpho MAI | RE7 Labs | MAI | $325.24 | 0.00% | 10.0% | 10.0% | N/A | -0.1% | N/A |
| Base | Gneiss Pioneer USDC | unattributed | USDC | $309.86 | 0.01% | 0.0% | 0.0% | $0.03 | +0.0% | N/A |
| Base | CPT48 Selection | unattributed | USDC | $303.93 | 6.25% | 0.0% | 0.0% | $18.99 | -28.0% | N/A |
| Polygon | Brazilian Power House | unattributed | BRLA | $303.04 | 0.05% | 0.0% | 0.0% | $0.16 | +0.1% | N/A |
| Ethereum | Turtle ETH | 9Summits | WETH | $302.74 | 1.53% | 10.0% | 10.0% | $5.17 | -91.3% | N/A |
| Monad | Steakhouse Prime ETH | Steakhouse Financial | WETH | $290.44 | 3.19% | 10.0% | 10.0% | $5.55 | +33.1% | N/A |
| Ethereum | Hyperithm ETH Apex | Hyperithm | WETH | $287.21 | 0.00% | 5.0% | 5.0% | N/A | +33.6% | N/A |
| HyperEVM | HyperEVM USDT0 Idle Vault | unattributed | USD₮0 | $282.15 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | August USDC | August Digital | USDC | $274.26 | N/A | 0.0% | 0.0% | N/A | +2.6% | N/A |
| Ethereum | Optimex USDC | B.Protocol | USDC | $254.98 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Ethereum | Notional WETH | unattributed | WETH | $250.54 | 0.01% | 0.0% | 0.0% | $0.02 | +33.6% | N/A |
| Polygon | Gondor Moderate v1.e | unattributed | USDC | $248.1 | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | MetaMorpho Test | unattributed | USDC | $243.1 | 3.25% | 10.0% | 10.0% | $8.81 | +0.3% | 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.