Vaults
577 active vaults across 11 chains · $2B AUM · $4.09M curator fees annualized · $61.79M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-09-11
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 $1.64K · 95% of vaults sit below $10M. A long tail under a handful of mega-vaults.
Vault directory: 788 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 | Relend Gold | unattributed | XAUM | $0 | 0.08% | 10.0% | 10.0% | N/A | N/A | N/A |
| Ethereum | Adpend ETH | unattributed | WETH | $0 | 0.00% | 10.0% | 10.0% | N/A | N/A | N/A |
| Ethereum | Best Return USDC | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | 3Jane Vault USDC | Clearstar | USDC | $0 | 0.07% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | SenTest3 | Sentora | PYUSD | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Anzen Boosted USDC | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | fwDAI Vault | unattributed | fwDAI | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | LaCroixVaults | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Spark USDS Vault | unattributed | USDS | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Sberex USDCV | unattributed | USDCV | $0 | 0.17% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | test | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Gauntlet MKR Blended | unattributed | MKR | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | USDC Vault | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Etherealm USDT | unattributed | USDT | $0 | 0.00% | 15.0% | 15.0% | N/A | N/A | N/A |
| Ethereum | Absolute Best WETH | unattributed | WETH | $0 | 0.00% | 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 September 11, 2026 from /vaults.