Vaults
553 active vaults across 11 chains · $2.32B AUM · $6.25M curator fees annualized · $88.22M 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 $4.73K · 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 | Talentir EURC | unattributed | EURC | $23.74 | 1.29% | 10.0% | 10.0% | $0.34 | -1.3% | N/A |
| Monad | Hyperithm USDC Apex | Hyperithm | USDC | $23.25 | 2.46% | 10.0% | 10.0% | N/A | -99.9% | N/A |
| Ethereum | Alpha WETH (installer) | unattributed | WETH | $23.24 | N/A | 0.0% | 0.0% | N/A | +7.4% | N/A |
| Ethereum | High Yield USDC | unattributed | USDC | $23.13 | 6.88% | 0.0% | 0.0% | $1.59 | +32.5% | N/A |
| Base | Test USDC 2 | unattributed | USDC | $21.74 | 4.00% | 0.0% | 0.0% | $0.87 | +0.3% | N/A |
| Base | Muscadine WETH Vault | unattributed | WETH | $21.52 | 1.48% | 5.0% | 5.0% | $0.34 | -99.9% | N/A |
| Ethereum | Alpha USDC (Installer) | unattributed | USDC | $21.27 | N/A | 0.0% | 0.0% | N/A | +42.9% | N/A |
| HyperEVM | HyperStable UFART/USH | unattributed | USH | $20.48 | 0.00% | 50.0% | 50.0% | N/A | -49.3% | N/A |
| Arbitrum | Gauntlet WETH Core | Gauntlet | WETH | $20.35 | 0.04% | 10.0% | 10.0% | $0.01 | -27.0% | N/A |
| Ethereum | Cozy USDC | unattributed | USDC | $20.17 | 4.30% | 0.0% | 0.0% | $0.87 | +0.3% | N/A |
| Ethereum | SwissBorg tBTC | Gauntlet | tBTC | $20.06 | 0.00% | 5.0% | 5.0% | N/A | -20.4% | N/A |
| Ethereum | Spectra USDC | unattributed | USDC | $19.81 | 0.00% | 10.0% | 10.0% | $0 | -0.0% | N/A |
| Base | Morph WETH | unattributed | WETH | $19.64 | 6.67% | 1.0% | 1.0% | $1.32 | -25.4% | N/A |
| Arbitrum | Maxshot USDT0 | unattributed | USDT0 | $19.51 | 2.34% | 5.0% | 5.0% | $0.48 | -99.4% | N/A |
| Ethereum | Brrrstr USDC v1 | unattributed | USDC | $19.5 | N/A | 0.0% | 0.0% | N/A | +65.6% | 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.