| Vault | Curator | Chain | Deposits | Net APY | Rewards | Fee | Timelock | 7d |
|---|---|---|---|---|---|---|---|---|
| Felix HYPEfeHYPE | Felix | Hyperliquid L1 | $11.2M | 5.42% | 0.00% | 10.00% | 3d | 6.15% |
| Felix USDC (Frontier)feUSDC2 | unknown | Hyperliquid L1 | $8.1M | 3.71% | 0.00% | 10.00% | 3d | 4.28% |
| Felix USDCfeUSDC | Felix | Hyperliquid L1 | $4.3M | 3.69% | 0.00% | 10.00% | 3d | 4.16% |
| Felix USDT0feUSDT0 | Felix | Hyperliquid L1 | $3.9M | 5.49% | 0.00% | 10.00% | 3d | 7.32% |
| Gauntlet USDCgtUSDCc | Gauntlet | Hyperliquid L1 | $1.8M | 3.68% | 0.00% | 10.00% | 3d | 4.62% |
| OUSD Vault V1OUSDh-V1 | unknown | Hyperliquid L1 | $1.0M | 3.85% | 0.00% | 5.00% | 3d | 4.59% |
| MEV Capital HYPEmcHYPE | MEV Capital | Hyperliquid L1 | $935k | 10.60% | 0.00% | 10.00% | 3d | 13.26% |
| Gauntlet USDT0 VaultgtUSDT0 | Gauntlet | Hyperliquid L1 | $317k | 5.49% | 0.00% | 10.00% | 3d | 7.29% |
| Felix USDT0 (Frontier)feUSDT02 | Felix | Hyperliquid L1 | $278k | 5.89% | 0.00% | 10.00% | 3d | 7.13% |
| Felix USDefeUSDe | unknown | Hyperliquid L1 | $273k | 5.34% | 0.00% | 10.00% | 3d | 5.75% |
| Gauntlet uETH VaultgtuETH | Gauntlet | Hyperliquid L1 | $198k | 0.03% | 0.00% | 10.00% | 3d | 0.03% |
3 of 11 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).