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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | BRZ Lending | unattributed | BRZ | $195.77 | 0.00% | 0.0% | 0.0% | $0 | -4.1% | N/A |
| Ethereum | Hyperithm ETH Apex | Hyperithm | WETH | $190.89 | 0.00% | 5.0% | 5.0% | N/A | -97.3% | N/A |
| HyperEVM | Hyperstable PURR/USH | unattributed | USH | $182.98 | 0.00% | 50.0% | 50.0% | N/A | -58.1% | N/A |
| Ethereum | Api3 dCOMP USDC | unattributed | USDC | $182.69 | 9.73% | 5.0% | 5.0% | $17.48 | -90.4% | N/A |
| Ethereum | Re7 USDC Prime | RE7 Labs | USDC | $171.06 | 0.00% | 10.0% | 10.0% | N/A | +0.0% | N/A |
| Ethereum | Notional WETH | unattributed | WETH | $166.5 | 0.00% | 0.0% | 0.0% | $0.01 | -26.9% | N/A |
| Ethereum | Sentora PYUSD Core | Sentora | PYUSD | $165.49 | 2.40% | 10.0% | 10.0% | $4.42 | -100.0% | N/A |
| Ethereum | Pangolins USDC | unattributed | USDC | $162.58 | 3.33% | 10.0% | 10.0% | $6.03 | +0.3% | N/A |
| Base | base-test | unattributed | USDC | $151.3 | 0.00% | 0.0% | 0.0% | $0 | -0.0% | N/A |
| Base | Apostro USDC | Apostro | USDC | $128.22 | 4.09% | 0.0% | 0.0% | $5.24 | +0.3% | N/A |
| Ethereum | Alpha MUSD | AlphaPing | MUSD | $124.82 | 0.00% | 10.0% | 10.0% | $0 | -0.9% | N/A |
| Ethereum | Yearn OG DAI | Yearn | DAI | $122.16 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Arbitrum | Gauntlet USDT0 Core | Gauntlet | USDT0 | $122.01 | 2.54% | 10.0% | 10.0% | $3.45 | +0.2% | N/A |
| Ethereum | Apostro Resolv USR | Apostro | USR | $119.49 | 0.30% | 10.0% | 10.0% | $0.4 | -29.9% | N/A |
| Ethereum | Ceres USDe Vault | unattributed | USDe | $113.05 | 0.31% | 10.0% | 10.0% | $0.39 | -0.0% | 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.