Vaults
553 active vaults across 11 chains · $2.32B AUM · $6.77M curator fees annualized · $95.64M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-13
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 $4.42K · 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 | Hackarrot USDC prime | unattributed | USDC | $7.65 | N/A | 0.0% | 0.0% | N/A | +63.0% | N/A |
| Ethereum | 9S Mount Kosciuszko USR | 9Summits | USR | $7.46 | 0.00% | 5.0% | 5.0% | $0 | N/A | N/A |
| HyperEVM | Gauntlet USDhl Vault | Gauntlet | USDHL | $7.25 | 0.00% | 10.0% | 10.0% | $0 | +0.0% | N/A |
| Polygon | usdc staging | unattributed | USDC | $7.12 | 6.57% | 0.0% | 0.0% | $0.47 | +0.9% | N/A |
| Ethereum | usdc staging | unattributed | USDC | $7.07 | 4.37% | 0.0% | 0.0% | $0.31 | +0.3% | N/A |
| Ethereum | Safe x Smokehouse WBTC | Steakhouse Financial | WBTC | $6.71 | 0.00% | 11.5% | 11.5% | N/A | -19.9% | N/A |
| Base | Kedao SUSDS Vault | unattributed | sUSDS | $6.68 | 0.15% | 0.0% | 0.0% | $0.01 | +0.3% | N/A |
| Polygon | Steakhouse PaoTech JPYC | Steakhouse Financial | JPYC | $6.44 | 0.00% | 5.0% | 5.0% | N/A | -1.1% | N/A |
| Ethereum | Steakhouse PAXG | Steakhouse Financial | PAXG | $6.31 | 0.00% | 0.0% | 0.0% | N/A | -10.2% | N/A |
| Base | Blue Chip USDC Vault (Prime) | unattributed | USDC | $6.15 | 4.89% | 0.0% | 0.0% | $0.3 | +0.4% | N/A |
| Monad | Unified Labs RWA USDC | unattributed | USDC | $5.75 | 2.52% | 10.0% | 10.0% | $0 | +0.2% | N/A |
| Arbitrum | MetaMorphoV1_1 | unattributed | MYRC | $5.58 | 0.00% | 5.0% | 5.0% | N/A | -1.9% | N/A |
| Base | bf test | unattributed | USDC | $5.49 | 3.91% | 10.0% | 10.0% | $0.24 | +0.2% | N/A |
| Worldchain | test-usdc-vault | unattributed | USDC | $5.26 | 1.28% | 0.0% | 0.0% | $0.07 | N/A | N/A |
| Polygon | Steakhouse Prime USDT0 | Steakhouse Financial | USDT0 | $3.86 | 5.36% | 0.0% | 0.0% | $0.21 | N/A | 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 13, 2026 from /vaults.