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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Arbitrum | Gauntlet USDC Core | Gauntlet | USDC | $3.26M | 4.99% | 10.0% | 10.0% | $180.99K | -3.1% | N/A |
| Ethereum | MEV Capital wETH | MEV Capital | WETH | $3.17M | 1.43% | 10.0% | 10.0% | $50.4K | -31.5% | N/A |
| Ethereum | Gauntlet LRT Core | Gauntlet | WETH | $3M | 1.41% | 10.0% | 10.0% | $47.09K | -41.4% | N/A |
| Ethereum | Yearn WBTC | Yearn | WBTC | $2.93M | 0.21% | 0.0% | 0.0% | $6.16K | +1600677869.1% | N/A |
| Ethereum | Hyperithm USDC Apex | Hyperithm | USDC | $2.88M | 5.96% | 10.0% | 10.0% | $191.34K | -19.6% | N/A |
| Ethereum | WETH ARM Vault | Yearn | WETH | $2.73M | 1.49% | 5.0% | 5.0% | $43.03K | -67.0% | N/A |
| Polygon | Compound POL | Gauntlet | WPOL | $2.68M | 0.12% | 10.0% | 10.0% | $3.61K | -30.3% | N/A |
| Ethereum | Yearn USDC | Yearn | USDC | $2.63M | 3.79% | 0.0% | 0.0% | $99.84K | +722.4% | N/A |
| Monad | Grove x Steakhouse High Yield AUSD | Steakhouse Financial | AUSD | $2.51M | 7.18% | 0.0% | 0.0% | $117.75K | -85.9% | N/A |
| Ethereum | Steakhouse Reservoir USDC | Steakhouse Financial | USDC | $2.49M | 5.26% | 5.0% | 5.0% | $96.92K | -55.2% | N/A |
| Ethereum | Index Coop hyETH | Gauntlet | WETH | $2.43M | 1.43% | 10.0% | 10.0% | $38.65K | -51.8% | N/A |
| Arbitrum | Steakhouse High Yield USDC | Steakhouse Financial | USDC | $2.36M | 3.60% | 10.0% | 10.0% | $94.79K | -17.3% | N/A |
| Base | Clearstar USDC Reactor | Clearstar | USDC | $2.34M | 3.24% | 15.0% | 15.0% | $89.26K | -18.5% | N/A |
| Ethereum | Safe x Smokehouse USDC | Steakhouse Financial | USDC | $2.26M | 3.62% | 11.5% | 11.5% | $92.89K | +9.1% | N/A |
| Base | Yearn OG USDC | Yearn | USDC | $2.14M | 4.60% | 10.0% | 10.0% | $109.34K | +4.9% | 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.