Morpho Vault APY — Live Rates
The top Morpho vault currently offers a 32.67% 7-day average APY. The table below ranks 50 Morpho vaults by 7-day average APY, across all assets and networks. Rates update daily at 06:00 UTC.
Last updated: July 03, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Morpho | Api3 dCOMP USDC | Ethereum | 32.67% | $9M | Med |
| Morpho | Alpha USDC Forex V2 | Ethereum | 19.29% | $2M | Med |
| Morpho | Clearstar USDC Reactor | Ethereum | 12.48% | $2M | High |
| Morpho | Alpha Core V2 | Ethereum | 10.97% | $5M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 10.52% | $2M | Med |
| Morpho | Waterline InfiniFi USDC | Ethereum | 9.89% incl. 4.62% rewards | $4M | Med |
| Morpho | Gauntlet DAI Core | Ethereum | 9.56% | $2M | High |
| Morpho | Re Ecosystem Vault | Ethereum | 9.50% | $8M | Med |
| Morpho | RockawayX USDC Yield | Ethereum | 8.83% | $7M | Med |
| Morpho | kpk USDC Yield V2 | Ethereum | 8.72% | $6M | Med |
| Morpho | Stake DAO frxUSD v2 | Ethereum | 8.40% incl. 1.87% rewards | $4M | Med |
| Morpho | Flowdesk AUSD RWA Strategy | Ethereum | 7.88% | $9M | Med |
| Morpho | Alpha USDC Core | Ethereum | 7.80% | $2M | High |
| Morpho | August USDC V2 | Ethereum | 7.76% | $5M | Med |
| Morpho | sky.money USDC Risk Capital | Ethereum | 7.22% | $16M | Med |
| Morpho | Saturn USDC | Ethereum | 7.12% incl. 2.54% rewards | $3M | Med |
| Morpho | Hyperithm USDC | Ethereum | 6.74% | $2M | High |
| Morpho | sky.money USDS Risk Capital | Ethereum | 6.53% | $1M | Med |
| Morpho | Midas USDC | Ethereum | 6.39% | $12M | High |
| Morpho | Gauntlet USDC Frontier | Ethereum | 6.26% | $17M | High |
| Morpho | Huma USDC Main | Ethereum | 6.11% | $16M | Med |
| Morpho | Hyperithm Morpho USDC | Ethereum | 6.07% | $8M | Med |
| Morpho | Sentora RLUSD Main | Ethereum | 6.05% incl. 3.92% rewards | $234M | Med |
| Morpho | Waterline Reservoir USDC | Ethereum | 5.74% incl. 2.17% rewards | $23M | High |
| Morpho | Gauntlet USDC Frontier | Base | 5.72% | $3M | Med |
| Morpho | OUSD Vault V1 | Ethereum | 5.69% | $4M | Med |
| Morpho | OUSD Vault V2 | Ethereum | 5.69% | $4M | Med |
| Morpho | Yearn OG USDC | Ethereum | 5.57% | $7M | Med |
| Morpho | Steakhouse High Yield USDC v1.1 | Base | 5.57% | $5M | High |
| Morpho | MEV Capital Usual USDC | Ethereum | 5.55% | $4M | High |
| Morpho | Alpha LINK Enhanced V2 | Ethereum | 5.46% incl. 1.10% rewards | $2M | Med |
| Morpho | Sentora PYUSD Main | Ethereum | 5.46% incl. 3.20% rewards | $318M | Med |
| Morpho | Gauntlet USDC Prime | Optimism | 5.43% | $3M | High |
| Morpho | Steakhouse High Yield Instant | Base | 5.40% | $28M | Med |
| Morpho | Waterline infiniFi USDC | Ethereum | 5.37% | $2M | High |
| Morpho | Yearn OG USDC V2 | Ethereum | 5.36% | $3M | Med |
| Morpho | Steakhouse High Yield Instant | Ethereum | 5.19% | $36M | Med |
| Morpho | Apyx USDC | Ethereum | 5.10% | $5M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 5.07% | $2M | Med |
| Morpho | OUSD Vault V1 | Base | 5.02% | $1M | Med |
| Morpho | OUSD Vault V2 | Base | 5.02% | $1M | Med |
| Morpho | Yearn OG USDC | Base | 4.94% | $2M | Med |
| Morpho | ByzPrime EUR | Base | 4.85% | $12M | Med |
| Morpho | Smokehouse USDC | Ethereum | 4.82% | $19M | High |
| Morpho | 3Jane Ecosystem Vault | Ethereum | 4.80% | $19M | Med |
| Morpho | Lulo USDC | Ethereum | 4.76% | $4M | Med |
| Morpho | Steakhouse USDC High Yield | Base | 4.70% | $2M | Med |
| Morpho | Steakhouse Ethena USDtb | Ethereum | 4.54% | $45M | Med |
| Morpho | Wintermute USDC Select | Ethereum | 4.52% | $33M | Med |
| Morpho | Moonwell Flagship USDC | Base | 4.50% incl. 0.81% rewards | $10M | High |
Where does this yield come from?
Morpho is a lending protocol that routes deposits through curated vaults managed by independent curators. Yield comes from lending interest paid by borrowers, plus curator-selected protocol incentives. Each vault defines its accepted asset, risk parameters, and supply cap.
Risk considerations
Morpho vault risk varies by curator. Each vault's risk profile depends on the collateral types accepted, liquidation parameters, and the curator's track record. Review each vault's curator, supply cap utilization, and audit status before depositing.
Frequently asked questions
What is the current APY on Morpho vaults?
The top 7-day average APY across Morpho vaults is currently 32.67%, from Api3 dCOMP USDC on Ethereum. Across 50 tracked Morpho vaults, rates range from 4.50% to 32.67%. Data from vaults.fyi, updated daily.
How does Morpho lending work?
Morpho uses a curated vault model: independent curators deploy vaults with specific risk parameters (accepted collateral, liquidation thresholds, supply caps). Depositors choose a vault based on the curator's strategy. Borrowers provide collateral and pay interest. Morpho Blue is the core protocol; MetaMorpho is the vault layer built on top.
What is the difference between Morpho and Aave yields?
Aave uses a shared pool model where all deposits to a given asset pool share the same rate. Morpho uses isolated curated vaults, so rates differ by vault. Morpho vaults can offer higher rates by accepting more concentrated risk; Aave pools are more diversified by default. Both protocols are audited with multi-year track records.
What risks are specific to Morpho vaults?
Morpho vault risk is curator-dependent. Each vault has isolated collateral risk: if accepted collateral loses value rapidly, depositors can face losses. Supply caps mean high-APY vaults can fill quickly. Always review the curator's identity, vault parameters, and audit status before depositing.
Related pages
- Aave USDC APY — Live Rate
- Compound APY — Live Yield Rates
- Euler Finance APY — Live Vault Rates
- Best USDC Yields in DeFi
- Best Stablecoin Yields in DeFi
Data sourced from vaults.fyi, updated daily. Last updated: July 03, 2026. Explore all vaults.