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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Parity High Yield USDC | unattributed | USDC | $160.38 | 4.79% | 0.0% | 0.0% | $7.68 | -100.0% | N/A |
| HyperEVM | Hyperstable PURR/USH | unattributed | USH | $157.02 | 0.00% | 50.0% | 50.0% | N/A | -40.6% | N/A |
| Ethereum | Gauntlet AUSD Core | Gauntlet | AUSD | $151.96 | 0.04% | 10.0% | 10.0% | $0.06 | +0.1% | N/A |
| HyperEVM | Hyperstable WHLP/USH | unattributed | USH | $147.49 | 0.00% | 50.0% | 50.0% | $0 | -60.5% | N/A |
| Ethereum | Brrrstr USDC v1 | unattributed | USDC | $135.82 | N/A | 0.0% | 0.0% | N/A | +91.7% | N/A |
| Ethereum | PufEthWeth Market 86 lltv | unattributed | WETH | $134.64 | 21.26% | 0.0% | 0.0% | $28.63 | +38.3% | N/A |
| Base | Apostro USDC | Apostro | USDC | $129.32 | 4.10% | 0.0% | 0.0% | $5.3 | +0.4% | N/A |
| Arbitrum | MEV Capital wETH | MEV Capital | WETH | $128.43 | 0.08% | 10.0% | 10.0% | $0.12 | +33.1% | N/A |
| Ethereum | dForce WETH | unattributed | WETH | $127.68 | 1.62% | 5.0% | 5.0% | $2.18 | +33.8% | N/A |
| Ethereum | Philidor wstETH | unattributed | wstETH | $126.6 | 0.00% | 0.0% | 0.0% | $0 | +33.6% | N/A |
| Arbitrum | RIMU USDC Core | unattributed | USDC | $125.35 | 2.27% | 10.0% | 10.0% | $3.16 | -99.7% | N/A |
| Ethereum | Yearn OG DAI | Yearn | DAI | $122.19 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Ethereum | Ceres USDe Vault | unattributed | USDe | $113.16 | 0.08% | 10.0% | 10.0% | $0.1 | +0.0% | N/A |
| Unichain | MEV Capital USDC | MEV Capital | USDC | $108.5 | 0.00% | 10.0% | 10.0% | $0 | -0.1% | N/A |
| Base | Lumetra Opportunistic USDC | unattributed | USDC | $103.46 | N/A | 0.0% | 0.0% | N/A | +91.9% | 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.