Morpho Vault APY — Live Rates
The top Morpho vault currently offers a 14.92% 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: October 15, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Morpho | KPK wARS Yield | Ethereum | 14.92% incl. 14.81% rewards | $6M | Med |
| Morpho | 9Summits Piku Ecosystem USDC | Ethereum | 12.07% | $1M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 10.68% incl. 4.62% rewards | $2M | Med |
| Morpho | Steakhouse High Yield Term AUSD | Ethereum | 9.89% | $2M | Med |
| Morpho | Gauntlet USDG Premium | Arbitrum | 9.77% incl. 7.26% rewards | $20M | Med |
| Morpho | Flowdesk AUSD RWA Strategy | Ethereum | 9.52% | $3M | Med |
| Morpho | Steakhouse USDG Pro | Arbitrum | 9.23% incl. 6.62% rewards | $7M | Med |
| Morpho | Noon Ecosystem Vault | Base | 9.14% incl. 4.60% rewards | $3M | Med |
| Morpho | Kabu USDC | Ethereum | 8.67% | $1M | Med |
| Morpho | RockawayX f(x) Protocol Ecosystem USDC | Ethereum | 8.61% incl. 4.84% rewards | $20M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 8.53% | $2M | Med |
| Morpho | Steakhouse High Yield USDC | Arbitrum | 8.45% | $2M | High |
| Morpho | Apyx apxUSD | Ethereum | 8.23% | $1M | Med |
| Morpho | Frax USDai Ecosystem | Ethereum | 7.96% incl. 3.44% rewards | $1M | Med |
| Morpho | Waterline Reservoir USDC | Ethereum | 7.30% incl. 1.77% rewards | $13M | High |
| Morpho | Steakhouse Ethena USDtb | Ethereum | 7.29% | $1M | Med |
| Morpho | Steakhouse Confidential Prime USDC | Ethereum | 7.20% | $35M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 7.16% | $16M | High |
| Morpho | Huma USDC Main | Ethereum | 7.12% | $13M | Med |
| Morpho | KPK USDC Yield | Base | 6.90% incl. 0.69% rewards | $5M | Med |
| Morpho | Yearn OG USDC | Ethereum | 6.87% incl. 0.52% rewards | $10M | High |
| Morpho | Byzantine Prime USD | Ethereum | 6.85% | $7M | Med |
| Morpho | M1 USDC | Ethereum | 6.77% | $9M | Med |
| Morpho | Hyperithm USDC | Ethereum | 6.77% | $2M | High |
| Morpho | OUSD Vault V1 | Ethereum | 6.68% | $4M | Med |
| Morpho | OUSD Vault V2 | Ethereum | 6.68% | $4M | Med |
| Morpho | RockawayX Confidential RWA USDC | Ethereum | 6.66% incl. 0.23% rewards | $28M | Med |
| Morpho | Pendle Ecosystem USDC | Ethereum | 6.66% incl. 0.81% rewards | $61M | High |
| Morpho | Yearn OG USDC V2 | Ethereum | 6.65% incl. 0.52% rewards | $3M | Med |
| Morpho | kpk USDC Yield V2 | Ethereum | 6.51% incl. 0.15% rewards | $13M | High |
| Morpho | RockawayX Tori Ecosystem | Ethereum | 6.48% | $14M | Med |
| Morpho | Gauntlet DAI Core | Ethereum | 6.47% | $2M | High |
| Morpho | Re Ecosystem Vault | Ethereum | 6.37% | $7M | High |
| Morpho | Keyrock USDC | Ethereum | 6.36% incl. 0.52% rewards | $7M | Med |
| Morpho | RockawayX USDC Yield | Ethereum | 6.34% | $20M | High |
| Morpho | 3Jane Ecosystem Vault | Ethereum | 6.30% incl. 0.52% rewards | $23M | High |
| Morpho | Waterline InfiniFi USDC | Ethereum | 6.19% | $1M | Med |
| Morpho | Clearstar USDC Reactor | Ethereum | 6.11% | $1M | High |
| Morpho | Clearstar Yield USDC | Base | 5.93% incl. 1.64% rewards | $39M | High |
| Morpho | Gauntlet USDT Frontier V2 | Base | 5.85% | $5M | High |
| Morpho | MEV Capital Usual USDC | Ethereum | 5.79% | $2M | High |
| Morpho | Hyperithm Morpho USDC | Ethereum | 5.78% | $10M | High |
| Morpho | Flowdesk Confidential High Yield USDT | Ethereum | 5.74% incl. 0.26% rewards | $27M | Med |
| Morpho | Safe x Smokehouse USDC | Ethereum | 5.69% | $2M | Med |
| Morpho | Sentora PRIME Main | Ethereum | 5.69% incl. 1.87% rewards | $214M | Med |
| Morpho | Steakhouse High Yield Instant | Ethereum | 5.63% | $46M | High |
| Morpho | Galaxy USDC Enhanced | Ethereum | 5.52% | $8M | Med |
| Morpho | Sentora RLUSD Main | Ethereum | 5.52% incl. 2.49% rewards | $455M | High |
| Morpho | Steakhouse High Yield Instant | Base | 5.50% | $29M | High |
| Morpho | Wintermute USDT Select | Ethereum | 5.45% | $9M | Med |
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 14.92%, from KPK wARS Yield on Ethereum. Across 50 tracked Morpho vaults, rates range from 5.45% to 14.92%. 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: October 15, 2026. Explore all vaults.