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 | Syntropia USDC | unattributed | USDC | $48.24 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Katana | Re7 AUSD | unattributed | AUSD | $47.81 | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Arbitrum | Avantgarde USDC Core Arbitrum | Avantgarde | USDC | $40.46 | 3.57% | 10.0% | 10.0% | $1.61 | -2.4% | N/A |
| Base | Froge's USDC | unattributed | USDC | $35.51 | 4.11% | 0.0% | 0.0% | $1.46 | -100.0% | N/A |
| Base | Lumetra Opportunistic USDC | unattributed | USDC | $35.27 | N/A | 0.0% | 0.0% | N/A | +8.5% | N/A |
| Ethereum | Bandit USDC | unattributed | USDC | $34.49 | 4.74% | 5.0% | 5.0% | $1.72 | +0.4% | N/A |
| Ethereum | Gauntlet Olympus sUSDS Vault | Gauntlet | sUSDS | $32.49 | 0.10% | 5.0% | 5.0% | $0.03 | +0.3% | N/A |
| HyperEVM | Hyperstable BUDDY/USH | unattributed | USH | $30.36 | 0.00% | 50.0% | 50.0% | N/A | -56.3% | N/A |
| Unichain | Re7 USDC | unattributed | USDC | $30.11 | 2.10% | 10.0% | 10.0% | $0.7 | -25.5% | N/A |
| Unichain | Kedao USDT Vault | unattributed | USDT0 | $29.83 | 0.23% | 0.0% | 0.0% | $0.07 | +21.9% | N/A |
| Base | dForce USDC | unattributed | USDC | $29.65 | 3.90% | 5.0% | 5.0% | $1.22 | -100.0% | N/A |
| Ethereum | Clearstar Reactor ETH | Clearstar | WETH | $29.36 | 1.56% | 0.0% | 0.0% | $0.46 | -98.8% | N/A |
| Unichain | Maxshot USDC | unattributed | USDC | $27.33 | 0.00% | 5.0% | 5.0% | $0 | +0.0% | N/A |
| Base | vvv-usdc | unattributed | USDC | $26.28 | 4.11% | 0.0% | 0.0% | $1.08 | +0.3% | N/A |
| HyperEVM | Hyperstable HWHLP/USDT0 | unattributed | USD₮0 | $24.6 | 0.00% | 2.5% | 2.5% | N/A | -0.1% | 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.