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MONITOR · SUPPLY, BORROW & UTILIZATION

Lending summary

Every lending market across the protocols we track, with supply, borrow and utilization side by side, plus the deposit-only vaults that sit on top of them. Sourced hourly from DeFiLlama; each protocol links to its risk verdict. Not financial advice; verify at the protocol.
31 vaults1 chain$808.5Mupdated Aug 10
Total deposits$808.5M31 vaults · 1 chain
Deposit-weighted APY4.42%weighted by size, not a mean of rates
Largest vault$425.4MGauntlet USDC Prime · Base
31 / 31 vaults
VaultCuratorChainDepositsNet APYRewardsFeeTimelock7d
Gauntlet USDC PrimegtUSDCpGauntletBase$425.4M4.78%0.00%0.00%7d4.49%
Steakhouse USDCsteakUSDCSteakhouse FinancialBase$165.1M3.56%0.00%25.00%7d3.35%
Grove x Steakhouse USDC High Yieldgrove-bbqUSDCunknownBase$88.1M4.78%0.00%0.00%14d4.48%
Froge's USDCfrUSDCunknownBase$29.1M4.78%0.00%0.00%0h4.49%
Steakhouse Prime USDCsteakUSDCSteakhouse FinancialBase$24.2M4.54%0.00%5.00%7d4.26%
Pangolins USDCpUSDCPangolinsBase$21.1M4.29%0.00%10.00%3d4.03%
Moonwell Flagship USDCmwUSDCAnthias LabsBase$11.6M4.52%0.47%15.00%4d4.42%
Spark USDC VaultsUSDCunknownBase$7.7M
Spark USDC VaultsparkUSDCSparkDAOBase$6.4M4.29%0.00%10.00%10d4.00%
Moonwell Flagship ETHmwETHAnthias LabsBase$6.1M1.59%0.34%15.00%4d1.47%
Metronome msETH VaultgtmsETHcGauntletBase$4.6M0.12%0.00%5.00%3d0.25%
Steakhouse High Yield USDC v1.1bbqUSDCSteakhouse FinancialBase$2.7M6.59%0.00%0.00%3d5.03%
Moonwell Frontier cbBTCmwcbBTCAnthias LabsBase$2.1M0.26%0.26%15.00%4d0.26%
Yearn OG USDCymvOG-USDCYearnBase$2.1M5.32%0.00%10.00%3d5.20%
Gauntlet USDC CoregtUSDCcGauntletBase$1.9M4.31%0.00%10.00%3d4.05%
Clearstar USDC ReactorCSUSDCClearstarBase$1.3M3.60%0.00%20.00%3d3.44%
OUSD Vault V1OUSDb-V1unknownBase$1.2M5.39%0.00%5.00%3d5.36%
Moonwell Flagship EURCmwEURCAnthias LabsBase$1.1M3.61%0.75%15.00%4d3.84%
Steakhouse EURCsteakEURCSteakhouse FinancialBase$759k3.57%0.00%5.00%7d3.81%
Seamless USDC VaultsmUSDCunknownBase$748k0.00%0.00%15.00%3d0.00%
Jarvis jEURmjEURunknownBase$714k0.31%0.00%10.00%24h0.26%
Seamless WETH VaultsmWETHunknownBase$677k0.00%0.00%15.00%3d0.00%
Yield Clearstar USDCYCSUSDCClearstarBase$673k5.15%0.00%20.00%3d5.41%
Safe x Steakhouse USDCsafe-steakUSDCunknownBase$556k4.29%0.00%10.00%7d4.03%
Extrafi XLend WETHexmWETHGauntletBase$469k1.30%0.00%10.00%3d1.37%
Extrafi XLend USDCexmUSDCGauntletBase$433k0.00%0.00%10.00%3d0.00%
UltraYield USDCedgeUSDCUltraYieldBase$415k6.01%0.00%0.00%3d6.05%
Gauntlet WETH CoregtWETHcGauntletBase$386k1.33%0.00%10.00%3d1.39%
Gauntlet USDC FrontiergtUSDCfGauntletBase$372k6.48%0.00%0.00%3d6.47%
Gauntlet cbBTC CoregtcbBTCcGauntletBase$250k0.03%0.00%10.00%3d0.03%
Apostro VNX Swiss Franc VCHFapVCHFApostroBase$247k0.26%0.00%10.00%3d0.22%

8 of 31 vaults show an unknown curator. That is Morpho’s own metadata being absent rather than a curator hiding: the vault still has an owner and a guardian on-chain.

Net APY is after the vault fee, which is what a depositor actually earns. Timelock is how long a curator change is delayed before it takes effect. The 7d column is the mean of our own hourly readings over the past week — Morpho publishes a spot rate and no trailing average, so this is the only honest way to show whether today is normal; it restarted with this source on 2026-08-07 and shows a dash until a week has passed.

Not listed: vaults holding under $150k, and vaults whose reported net APY is above 100%. The second set is not remarkable, it is broken — Morpho returns the identical 297,996% on four unrelated vaults and 133,843% on five more, which is one upstream reward calculation rather than nine extraordinary vaults.

These deposits are not extra money. A vault lends through the markets on the other tab, so the same dollars are on both. Read each tab on its own; do not add the two totals — and note the two halves no longer even share a source: markets come from DeFiLlama, vaults from Morpho's own API, because on 2026-08-07 the chain showed DeFiLlama's vault figures to be wrong (it valued Steakhouse USDC on Base at $595.1M where the contract's own totalAssets() reads $167.9M).