Vaults
555 active vaults across 11 chains · $1.97B AUM · $5.7M curator fees annualized · $74.11M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-19
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 $4.89K · 95% of vaults sit below $10M. A long tail under a handful of mega-vaults.
Vault directory: 769 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 | BT-IB01-Vault | unattributed | IB01.bt | $0 | 0.00% | 1.0% | 1.0% | N/A | N/A | N/A |
| Ethereum | Kedao USDC Vault | unattributed | USDC | $0 | 3.67% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Steakhouse M | Steakhouse Financial | wM | $0 | 0.73% | 5.0% | 5.0% | N/A | N/A | N/A |
| Ethereum | Nova fxUSD Vault | unattributed | fxUSD | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Inverse Finance TWG USDC | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Apostro WETH | unattributed | WETH | $0 | 0.51% | 10.0% | 10.0% | N/A | N/A | N/A |
| Ethereum | SenTest1 | unattributed | PYUSD | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Stake DAO frxUSD v1 | Stake DAO | frxUSD | $0 | 6.90% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Lightec Labs NanoStrategy for zkBTC | unattributed | USDT | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | TestingVault | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | BlackWing USDC Core | unattributed | USDC | $0 | 3.49% | 5.0% | 5.0% | N/A | N/A | N/A |
| Ethereum | 0x5003121c11daf46d7ce8c1ebc1c51cbc3a8002a9 | unattributed | KEKEL | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Test USDS V1 Vault | unattributed | USDS | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Axtior USDC Lighter LP | unattributed | USDC | $0 | 0.00% | 0.0% | 0.0% | N/A | N/A | N/A |
| Ethereum | Spark DAI Vault | unattributed | DAI | $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 June 19, 2026 from /vaults.