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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Alpha MUSD Core | AlphaPing | MUSD | $18.02 | 0.00% | 10.0% | 10.0% | N/A | -21.2% | N/A |
| Arbitrum | Steakhouse Prime USDT0 | Steakhouse Financial | USDT0 | $17.92 | 2.47% | 0.0% | 0.0% | $0.44 | +0.2% | N/A |
| Unichain | Morph WETH | unattributed | WETH | $17.19 | 5.40% | 0.0% | 0.0% | $0.93 | -26.0% | N/A |
| Ethereum | IMF wstETH | unattributed | wstETH | $16.95 | 0.04% | 0.0% | 0.0% | $0.01 | -26.2% | N/A |
| Katana | TEST-VAULT | unattributed | vbETH | $16.91 | 2.30% | 0.0% | 0.0% | N/A | -26.4% | N/A |
| Ethereum | SingularV USDC | SingularV | USDC | $16.48 | 4.72% | 5.0% | 5.0% | $0.82 | +0.2% | N/A |
| Ethereum | AUSDt | unattributed | AUSD | $16.02 | 0.01% | 0.0% | 0.0% | $0 | +0.0% | N/A |
| Arbitrum | Re7 USDC | RE7 Labs | USDC | $13.63 | 7.74% | 20.0% | 20.0% | $1.33 | +0.3% | N/A |
| HyperEVM | GlueX USDT0 | unattributed | USD₮0 | $13.54 | 4.75% | 10.0% | 10.0% | $0.72 | +0.5% | N/A |
| Ethereum | AlphaPing USDC Core | AlphaPing | USDC | $13.36 | 3.74% | 10.0% | 10.0% | $0.56 | +0.3% | N/A |
| Base | test-455 | unattributed | USDC | $13.33 | 0.10% | 0.0% | 0.0% | $0.01 | +26.8% | N/A |
| Ethereum | YieldNest RWA | UltraYield | USDC | $13.22 | 5.87% | 0.0% | 0.0% | $0.78 | +0.7% | N/A |
| Base | Re7 Resolv USR | unattributed | USR | $13.08 | 0.00% | 10.0% | 10.0% | N/A | +28.9% | N/A |
| Base | PaperHands USDC Yield | unattributed | USDC | $12.81 | N/A | 0.0% | 0.0% | N/A | +32.9% | N/A |
| Ethereum | Hadjime EURC Prime | unattributed | EURC | $12.34 | 2.26% | 0.0% | 0.0% | $0.28 | -1.4% | 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.