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· |
|---|---|---|---|---|---|---|---|---|---|---|
| OP Mainnet | usdc staging | unattributed | USDC | $10.21 | 3.16% | 0.0% | 0.0% | $0.32 | +0.5% | N/A |
| HyperEVM | usdc staging | unattributed | USDC | $10.21 | 10.88% | 0.0% | 0.0% | $1.11 | +0.5% | N/A |
| Katana | usdc staging | unattributed | vbUSDC | $10.18 | 6.72% | 0.0% | 0.0% | $0.4 | +0.6% | N/A |
| Base | usdc staging | unattributed | USDC | $10.12 | 4.38% | 0.0% | 0.0% | $0.44 | +0.3% | N/A |
| Arbitrum | usdc staging | unattributed | USDC | $10.11 | 9.75% | 0.0% | 0.0% | $0.99 | +0.4% | N/A |
| Unichain | jvatest | unattributed | USDC | $10 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Base | USDCvault | unattributed | USDC | $10 | 0.00% | 0.0% | 0.0% | N/A | -0.0% | N/A |
| Unichain | Clearstar USDT0 Reactor | Clearstar | USDT0 | $9.79 | 0.00% | 10.0% | 10.0% | $0 | -95.1% | N/A |
| Base | Poindexter | unattributed | USDC | $9.52 | 4.39% | 0.0% | 0.0% | $0.42 | +0.3% | N/A |
| Polygon | MEV Capital USDC Vault | MEV Capital | USDC | $8.75 | 0.00% | 10.0% | 10.0% | N/A | -0.0% | N/A |
| Base | dForce WETH | unattributed | WETH | $8.48 | 1.45% | 5.0% | 5.0% | $0.13 | -26.8% | N/A |
| Arbitrum | Trinity Gold USDC Vault | unattributed | USDC | $8.3 | N/A | 0.0% | 0.0% | N/A | +81.1% | N/A |
| Base | Balloon Morpho Strategy 1 | unattributed | USDC | $8.17 | 4.39% | 0.0% | 0.0% | $0.36 | +0.3% | N/A |
| Polygon | Test | unattributed | USDC | $8.1 | 0.00% | 0.0% | 0.0% | $0 | -0.0% | N/A |
| Ethereum | USDC Private Vault | unattributed | USDC | $7.79 | 0.04% | 1.0% | 1.0% | $0 | -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.