Vaults
553 active vaults across 11 chains · $2.4B AUM · $6.32M curator fees annualized · $91.4M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-10
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 $4.83K · 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 | Parity Core ETH | unattributed | WETH | $4.61M | 1.59% | 0.0% | 0.0% | $73.18K | -25.2% | N/A |
| Ethereum | Usual Boosted USDC | MEV Capital | USDC | $4.48M | 4.53% | 10.0% | 10.0% | $226.04K | -9.9% | N/A |
| Ethereum | Yearn OG WETH | Yearn | WETH | $4.34M | 1.50% | 5.0% | 5.0% | $68.44K | +381.5% | N/A |
| Ethereum | Gauntlet WBTC Core | Gauntlet | WBTC | $4.23M | 0.18% | 10.0% | 10.0% | $8.28K | -24.1% | N/A |
| OP Mainnet | Gauntlet USDC Prime | Gauntlet | USDC | $4.21M | 4.15% | 10.0% | 10.0% | $96.02K | -34.3% | N/A |
| Ethereum | Yearn OG USDC | Yearn | USDC | $4.19M | 4.32% | 5.0% | 5.0% | $190.77K | +147.5% | N/A |
| Ethereum | Lulo USDC | unattributed | USDC | $4.12M | 4.61% | 0.0% | 0.0% | $190.08K | +0.4% | N/A |
| Katana | Gauntlet USDC | Gauntlet | vbUSDC | $4.05M | 5.92% | 10.0% | 10.0% | $152.49K | -3.2% | N/A |
| Ethereum | Smokehouse WSTETH | Steakhouse Financial | wstETH | $4.03M | 1.74% | 10.0% | 10.0% | $77.88K | -22.0% | N/A |
| Base | Steakhouse High Yield USDC v1.1 | Steakhouse Financial | USDC | $3.82M | 4.82% | 0.0% | 0.0% | $184.08K | +12.2% | N/A |
| Ethereum | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $3.7M | 3.25% | 10.0% | 10.0% | $134.01K | -3.7% | N/A |
| Ethereum | Steakhouse infiniFi USDC | Steakhouse Financial | USDC | $3.66M | 6.28% | 5.0% | 5.0% | $242.4K | -26.9% | N/A |
| Ethereum | Clearstar Yield USDC | Clearstar | USDC | $3.37M | N/A | 0.0% | 0.0% | N/A | +77.9% | N/A |
| Worldchain | Re7 WETH | unattributed | WETH | $3.36M | 6.12% | 10.0% | 10.0% | $8.58K | +28.9% | N/A |
| Ethereum | Steakhouse EURCV | Steakhouse Financial | EURCV | $3.34M | 0.24% | 0.0% | 0.0% | $7.93K | -93.5% | 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 10, 2026 from /vaults.