Vaults
553 active vaults across 11 chains · $2.31B AUM · $7.29M curator fees annualized · $102.78M 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 · 94% 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Unichain | Kedao USDC Vault | unattributed | USDC | $0.35 | 0.58% | 0.0% | 0.0% | $0 | N/A | N/A |
| Polygon | Gondor Growth v1 | unattributed | USDC | $0.26 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Monad | Hyperithm cbBTC Apex | Hyperithm | cbBTC | $0.18 | 2.99% | 10.0% | 10.0% | N/A | N/A | N/A |
| Unichain | TEST_VAULT_IDLE_MARKET | unattributed | WETH | $0.16 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Polygon | PAO USDC | unattributed | USDC | $0.1 | 0.03% | 10.0% | 10.0% | $0 | N/A | N/A |
| Monad | Steakhouse High Yield MON | Steakhouse Financial | WMON | $0.02 | 0.00% | 10.0% | 10.0% | N/A | N/A | N/A |
| Unichain | Not Gauntlet | unattributed | USDC | $0.01 | 1.16% | 0.0% | 0.0% | $0 | N/A | N/A |
| Polygon | Unified Labs USDC RWA | Unified Labs | USDC | $0.01 | 0.01% | 15.0% | 15.0% | $0 | N/A | N/A |
| Polygon | PAO JPYC | unattributed | JPYC | $0.01 | 1.58% | 10.0% | 10.0% | $0 | N/A | N/A |
| Unichain | K3 Capital Core Market | unattributed | USDC | $0 | 0.00% | 10.0% | 10.0% | N/A | N/A | N/A |
| Polygon | Duplicated Key Polygon | unattributed | USDC | $0 | 6.99% | 0.0% | 0.0% | $0 | N/A | N/A |
| Monad | August USDC | August Digital | USDC | $0 | 7.84% | 0.0% | 0.0% | $0 | N/A | N/A |
| Monad | Node Ag USDC | unattributed | USDC | $0 | 2.28% | 0.0% | 0.0% | $0 | N/A | N/A |
| Ethereum | cakeUSDC | unattributed | USDC | $0 | 0.00% | 15.0% | 15.0% | N/A | N/A | N/A |
| Ethereum | Flagship USDC | unattributed | USDC | $0 | 3.67% | 0.0% | 0.0% | N/A | 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.