Vaults
553 active vaults across 11 chains · $2.39B AUM · $6.34M curator fees annualized · $91.89M borrow interest captured
Vaults as asset managers · Source: Morpho GraphQL · vault_state_daily · as of 2026-06-11
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 $5.05K · 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· |
|---|---|---|---|---|---|---|---|---|---|---|
| Base | Seamless WETH Vault | Gauntlet | WETH | $745.5K | 0.00% | 15.0% | 15.0% | $1.1 | -44.6% | N/A |
| Arbitrum | Hyperithm USDC Apex | Hyperithm | USDC | $725.64K | 4.45% | 10.0% | 10.0% | $35.98K | -22.2% | N/A |
| HyperEVM | MEV Capital HYPE | MEV Capital | WHYPE | $716.41K | 5.92% | 10.0% | 10.0% | $47.28K | +38.6% | N/A |
| Ethereum | August AUSD | August Digital | AUSD | $674.15K | 0.00% | 0.0% | 0.0% | N/A | -91.5% | N/A |
| Arbitrum | MEV Capital USDC | unattributed | USDC | $651.98K | 0.00% | 0.0% | 0.0% | N/A | +0.0% | N/A |
| Base | UltraYield USDC | UltraYield | USDC | $643.35K | 3.92% | 0.0% | 0.0% | $25.25K | -26.6% | N/A |
| Ethereum | Hybrid Tandem Propulsion USDC | unattributed | USDC | $611.63K | 37.44% | 0.0% | 0.0% | $228.99K | +2.9% | N/A |
| Ethereum | Parity High Yield USDC | unattributed | USDC | $592.59K | 9.04% | 0.0% | 0.0% | $53.59K | -79.2% | N/A |
| Katana | Gauntlet AUSD | Gauntlet | AUSD | $570.49K | 21.18% | 10.0% | 10.0% | $135.78K | -36.8% | N/A |
| Ethereum | Gauntlet eUSD Core | Gauntlet | eUSD | $565.97K | 0.94% | 10.0% | 10.0% | $5.94K | -24.7% | N/A |
| Base | Safe x Steakhouse USDC | Steakhouse Financial | USDC | $560.37K | 3.67% | 10.0% | 10.0% | $22.87K | +4.9% | N/A |
| Ethereum | Re7 WETH | RE7 Labs | WETH | $556.05K | 1.55% | 20.0% | 20.0% | $10.81K | -46.6% | N/A |
| Katana | Steakhouse Prime AUSD | Steakhouse Financial | AUSD | $545.67K | 20.57% | 0.0% | 0.0% | $112.25K | -15.9% | N/A |
| HyperEVM | Felix USDe | Felix | USDe | $540.88K | 3.65% | 10.0% | 10.0% | $21.96K | -33.7% | N/A |
| Ethereum | Smokehouse DAI | Steakhouse Financial | DAI | $533.94K | 5.07% | 5.0% | 5.0% | $28.55K | +17.6% | 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 11, 2026 from /vaults.