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.

3 vaults1 chain$16.1Mupdated Aug 10

Total deposits$16.1M3 vaults · 1 chain

Deposit-weighted APY1.42%weighted by size, not a mean of rates

Largest vault$13.3MSteakhouse Prime USDC · Katana

3 / 3 vaults

Vault	Curator	Chain	Deposits	Net APY	Rewards	Fee	Timelock	7d
Steakhouse Prime USDCsteakUSDC	Steakhouse Financial	Katana	$13.3M	1.39%	0.00%	10.00%	7d	1.40%
Gauntlet WETHgtWETH	Gauntlet	Katana	$2.5M	1.61%	0.75%	10.00%	3d	2.14%
Gauntlet USDTgtUSDT	Gauntlet	Katana	$218k	1.54%	0.00%	10.00%	3d	2.63%

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).