Morpho Vault APY — Live Rates
The top Morpho vault currently offers a 21474836.47% 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: June 10, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Morpho | Gauntlet USDC Frontier | Base | 21474836.47% | $1M | Med |
| Morpho | Apyx USDC | Ethereum | 21.48% | $6M | Med |
| Morpho | Gauntlet WETH Balanced | Base | 19.46% | $2M | Med |
| Morpho | Apyx apxUSD | Ethereum | 15.21% | $1M | Med |
| Morpho | Flowdesk AUSD RWA Strategy | Ethereum | 11.91% | $15M | Med |
| Morpho | Alpha Frax USD Enhanced V2 | Ethereum | 11.09% incl. 2.10% rewards | $2M | Med |
| Morpho | Alpha Enhanced V2 | Ethereum | 10.80% | $3M | Med |
| Morpho | Alpha USDC Prime V2 | Ethereum | 10.33% | $9M | Med |
| Morpho | Alpha USDC Asia V2 | Ethereum | 9.97% | $8M | Med |
| Morpho | Alpha USDC Delta V2 | Ethereum | 9.43% | $33M | Med |
| Morpho | Alpha USDC Forex V2 | Ethereum | 9.28% | $3M | Med |
| Morpho | Alpha Core V2 | Ethereum | 8.65% | $13M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 8.50% | $9M | Med |
| Morpho | infiniFi x Steakhouse USDC | Ethereum | 7.28% incl. 2.28% rewards | $5M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 7.16% | $7M | Med |
| Morpho | Clearstar USDC Reactor | Ethereum | 7.08% | $7M | High |
| Morpho | Lulo USDC | Ethereum | 6.87% | $4M | Med |
| Morpho | Stake DAO frxUSD v2 | Ethereum | 6.59% incl. 0.14% rewards | $4M | Med |
| Morpho | Re Ecosystem Vault | Ethereum | 6.55% | $8M | Med |
| Morpho | Hyperithm Morpho USDC | Ethereum | 6.37% | $7M | Med |
| Morpho | Steakhouse Prime Instant | Ethereum | 6.31% | $23M | Med |
| Morpho | Steakhouse USDT | Ethereum | 6.20% | $93M | High |
| Morpho | kpk USDT Prime V2 | Ethereum | 6.20% | $2M | Med |
| Morpho | Gauntlet USDT Prime | Ethereum | 6.17% | $5M | High |
| Morpho | Gauntlet USDT Balanced | Ethereum | 6.16% | $5M | Med |
| Morpho | Gauntlet USDT Prime | Ethereum | 6.07% | $38M | Med |
| Morpho | sky.money USDC Risk Capital | Ethereum | 6.04% | $14M | Med |
| Morpho | Steakhouse Reservoir USDC | Ethereum | 6.02% incl. 1.87% rewards | $33M | High |
| Morpho | Steakhouse High Yield Instant | Ethereum | 5.98% | $3M | Med |
| Morpho | August USDC V2 | Ethereum | 5.92% | $5M | Med |
| Morpho | Steakhouse Ethena USDtb | Ethereum | 5.83% incl. 3.35% rewards | $110M | Med |
| Morpho | Gauntlet USDT Core | Ethereum | 5.78% | $9M | High |
| Morpho | Smokehouse USDT | Ethereum | 5.74% | $25M | High |
| Morpho | kpk USDC Yield V2 | Ethereum | 5.73% | $3M | Med |
| Morpho | Hyperithm USDC | Ethereum | 5.67% | $3M | High |
| Morpho | Steakhouse Reservoir USDC | Ethereum | 5.60% incl. 1.45% rewards | $2M | High |
| Morpho | Galaxy USDT Quality | Ethereum | 5.58% | $25M | Med |
| Morpho | Midas USDC | Ethereum | 5.58% | $13M | High |
| Morpho | Sentora RLUSD Main | Ethereum | 5.54% incl. 3.73% rewards | $202M | Med |
| Morpho | Steakhouse High Yield Instant | Ethereum | 5.49% | $36M | Med |
| Morpho | Alpha USDC Core | Ethereum | 5.47% | $2M | High |
| Morpho | Steakhouse High Yield Term AUSD | Ethereum | 5.41% | $5M | Med |
| Morpho | Vault Bridge USDT | Ethereum | 5.37% | $7M | High |
| Morpho | ByzPrime EUR | Base | 5.37% | $8M | Med |
| Morpho | Hakutora USDT | Ethereum | 5.28% | $12M | High |
| Morpho | Alpha LINK Enhanced V2 | Ethereum | 5.25% incl. 1.42% rewards | $3M | Med |
| Morpho | Smokehouse USDC | Ethereum | 5.18% | $19M | High |
| Morpho | Gauntlet USDC Frontier | Ethereum | 5.14% | $18M | High |
| Morpho | Sentora PYUSD Main | Ethereum | 5.11% incl. 3.56% rewards | $290M | Med |
| Morpho | Steakhouse infiniFi USDC | Ethereum | 5.08% | $4M | 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 21474836.47%, from Gauntlet USDC Frontier on Base. Across 50 tracked Morpho vaults, rates range from 5.08% to 21474836.47%. 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: June 10, 2026. Explore all vaults.