Vaults
553 active vaults across 11 chains · $2.31B AUM · $5.87M curator fees annualized · $83.23M 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 $4.72K · 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 | SolvBTC Babylon Vault | Gauntlet | xSolvBTC | $77.96 | 0.00% | 20.0% | 20.0% | N/A | -1.0% | N/A |
| Ethereum | dForce USDC | unattributed | USDC | $76.92 | 3.34% | 5.0% | 5.0% | $2.71 | -99.7% | N/A |
| Ethereum | Super USDC Vault | unattributed | USDC | $75.81 | N/A | 0.0% | 0.0% | N/A | -33.3% | N/A |
| Ethereum | Turtle cbBTC | 9Summits | cbBTC | $75.36 | 0.01% | 10.0% | 10.0% | $0.01 | -20.8% | N/A |
| Polygon | Gondor Conservative v1.e | unattributed | USDC | $72.12 | 0.01% | 0.0% | 0.0% | $0.01 | -0.0% | N/A |
| Ethereum | kpk USDC Yield | KPK | USDC | $70.79 | 3.02% | 0.0% | 0.0% | $2.14 | +0.3% | N/A |
| Ethereum | Steakhouse WBTC | Steakhouse Financial | WBTC | $63.56 | 0.00% | 5.0% | 5.0% | N/A | -20.8% | N/A |
| Katana | Steakhouse High Yield AUSD | Steakhouse Financial | AUSD | $62.52 | 30.19% | 0.0% | 0.0% | $18.87 | +0.5% | N/A |
| Arbitrum | Avantgarde USDC Prime Arbitrum | Avantgarde | USDC | $60.77 | 3.56% | 10.0% | 10.0% | $2.41 | +0.3% | N/A |
| Arbitrum | HexaOne USDC | unattributed | USDC | $58.13 | 10.29% | 10.0% | 10.0% | $6.68 | +1.1% | N/A |
| Ethereum | Pangolins USDC | unattributed | USDC | $54.5 | 0.02% | 10.0% | 10.0% | $0.01 | -0.0% | N/A |
| Base | Morpho Base cbETH | unattributed | USDC | $53.66 | 4.00% | 0.0% | 0.0% | $2.15 | +0.3% | N/A |
| Ethereum | Mprinter USDC Yield Vault | unattributed | USDC | $51.14 | 10.60% | 0.0% | 0.0% | $5.42 | +0.4% | N/A |
| Ethereum | Smokehouse cbBTC | Steakhouse Financial | cbBTC | $50.95 | 0.00% | 10.0% | 10.0% | N/A | -20.8% | N/A |
| Base | Idle USDC Vault | unattributed | USDC | $49.98 | 0.00% | 0.0% | 0.0% | N/A | -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.