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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | ABRC | unattributed | USDC | $297.39 | N/A | 0.0% | 0.0% | N/A | +41.8% | N/A |
| Ethereum | Etherealm USDC | unattributed | USDC | $281.24 | N/A | 0.0% | 0.0% | N/A | -99.9% | N/A |
| Base | HavenFi Yield | unattributed | USDC | $273.69 | 4.08% | 0.0% | 0.0% | $11.18 | -100.0% | N/A |
| Base | Monarch M1 | unattributed | USDC | $266.43 | 4.07% | 0.0% | 0.0% | $10.85 | +0.3% | N/A |
| Ethereum | August USDC | August Digital | USDC | $263.55 | 5.33% | 0.0% | 0.0% | $14.04 | +0.4% | N/A |
| Ethereum | Optimex USDC | B.Protocol | USDC | $254.91 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Ethereum | Gauntlet AUSD Core | Gauntlet | AUSD | $250.61 | 2.81% | 10.0% | 10.0% | $7.85 | +0.2% | N/A |
| Polygon | Gondor Moderate v1.e | unattributed | USDC | $248.01 | 0.00% | 0.0% | 0.0% | $0 | -0.0% | N/A |
| Base | MetaMorpho Test | unattributed | USDC | $241 | 3.30% | 10.0% | 10.0% | $8.86 | +0.3% | N/A |
| HyperEVM | Hyperstable bbHLP/USH | unattributed | USH | $235.32 | 0.00% | 50.0% | 50.0% | $0 | -60.0% | N/A |
| Ethereum | PufEthWeth Market 86 lltv | unattributed | WETH | $232.14 | 5.41% | 0.0% | 0.0% | $12.56 | -23.0% | N/A |
| Ethereum | Yieldoor Vault | unattributed | USDC | $217.85 | 0.00% | 0.0% | 0.0% | $0 | -0.0% | N/A |
| Ethereum | Steakhouse USDQ | Steakhouse Financial | USDQ | $215.65 | 0.00% | 5.0% | 5.0% | N/A | -3.0% | N/A |
| Base | CPT48 Selection | unattributed | USDC | $214.51 | 14.27% | 0.0% | 0.0% | $30.62 | -99.0% | N/A |
| Ethereum | Re7 cbBTC | RE7 Labs | cbBTC | $195.94 | 0.00% | 10.0% | 10.0% | N/A | -92.3% | 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 June 12, 2026 from /vaults.