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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.
173 vaults11 chains$3.07Bupdated Aug 10
Total deposits$3.07B173 vaults · 11 chains
Deposit-weighted APY3.92%weighted by size, not a mean of rates
Largest vault$425.4MGauntlet USDC Prime · Base
173 / 173 vaults
VaultCuratorChainDepositsNet APYRewardsFeeTimelock7d
Gauntlet USDC PrimegtUSDCpGauntletBase$425.4M4.78%0.00%0.00%7d4.49%
Spark Savings USDTspUSDTunknownEthereum$348.7M
Spark Savings USDCspUSDCunknownEthereum$269.6M
Ethena PYUSD PrimepyusdunknownSolana$250.8M2.63%0.00%5.00%2.63%
Spark USDC VaultsUSDCunknownEthereum$206.5M
Spark USDC VaultsUSDCunknownArbitrum$187.5M
Steakhouse USDCsteakUSDCSteakhouse FinancialBase$165.1M3.56%0.00%25.00%7d3.35%
Sentora PYUSDpyusdunknownSolana$116.0M3.60%3.14%5.00%3.76%
Steakhouse USDTsteakUSDTSteakhouse FinancialEthereum$91.4M2.90%0.00%5.00%7d3.20%
Grove x Steakhouse USDC High Yieldgrove-bbqUSDCunknownBase$88.1M4.78%0.00%0.00%14d4.48%
Steakhouse USDCsteakUSDCSteakhouse FinancialEthereum$75.9M4.11%0.00%5.00%7d3.35%
Spark Savings ETHspETHunknownEthereum$64.9M
Felix USDC (Frontier)feUSDC2unknownHyperliquid L1$37.1M6.97%0.00%10.00%3d6.20%
Steakhouse High Yield USDGUSDGunknownSolana$35.2M3.84%3.46%2.50%3.87%
Froge's USDCfrUSDCunknownBase$29.1M4.78%0.00%0.00%0h4.49%
Gauntlet USDC PrimegtUSDCGauntletEthereum$27.5M4.19%0.00%0.00%7d3.36%
Vault Bridge WBTCvbgtWBTCGauntletEthereum$24.9M0.00%0.00%5.00%3d0.00%
Steakhouse Prime USDCsteakUSDCSteakhouse FinancialBase$24.2M4.54%0.00%5.00%7d4.26%
Smokehouse USDTbbqUSDTSteakhouse FinancialEthereum$23.2M3.60%0.00%10.00%3d4.32%
RWA USDCusdcunknownSolana$23.0M6.21%0.20%5.00%5.94%
Steakhouse ETHsteakETHSteakhouse FinancialEthereum$22.9M2.01%0.00%5.00%7d2.05%
Pangolins USDCpUSDCPangolinsBase$21.1M4.29%0.00%10.00%3d4.03%
Steakhouse USDCusdcunknownSolana$19.9M4.16%0.00%5.00%4.46%
Hakutora USDChUSDCHakutoraEthereum$16.4M3.55%0.00%15.00%3d2.86%
Smokehouse USDCbbqUSDCSteakhouse FinancialEthereum$15.8M4.99%0.00%10.00%3d4.41%
Felix HYPEfeHYPEFelixHyperliquid L1$15.7M0.79%0.00%10.00%3d0.78%
Allez USDCusdcunknownSolana$15.2M6.24%0.05%5.00%5.73%
Vault Bridge USDCvbshUSDCSteakhouse FinancialEthereum$15.0M3.98%0.00%5.00%7d3.20%
Metronome msUSD VaultgtmsUSDcGauntletEthereum$14.7M0.68%0.00%10.00%3d0.86%
Steakhouse Prime USDCsteakUSDCSteakhouse FinancialKatana$13.3M1.39%0.00%10.00%7d1.40%
Steakhouse Ethena USDtbsteakUSDTBethenaSteakhouse FinancialEthereum$12.9M4.35%0.00%5.00%3d2.92%
Felix USDCfeUSDCFelixHyperliquid L1$12.7M6.69%0.00%10.00%3d6.60%
Vault Bridge WETHvbgtWETHGauntletEthereum$12.0M1.77%0.00%5.00%3d1.81%
Moonwell Flagship USDCmwUSDCAnthias LabsBase$11.6M4.52%0.47%15.00%4d4.42%
Gauntlet USDT FrontiergtusdtfGauntletEthereum$11.5M5.42%0.00%5.00%3d5.06%
Gauntlet USDC RWAgtusdcrwaGauntletEthereum$11.4M5.06%0.00%0.00%3d5.57%
SwissBorg Morpho USDCsbMorphoUSDCGauntletEthereum$10.8M3.77%0.00%5.00%3d3.03%
Yearn OG USDCymvOG-USDCYearnEthereum$9.9M5.94%0.84%5.00%3d6.01%
Re7 USDCRe7USDCunknownWorld Chain$8.5M6.38%5.05%10.00%3d6.39%
Yearn USDCoevUSDCYearnEthereum$8.4M4.19%0.00%0.00%3d3.36%
Felix USDT0feUSDT0FelixHyperliquid L1$8.2M6.12%0.00%10.00%3d6.56%
Gauntlet WETH PrimegtWETHGauntletEthereum$8.1M2.01%0.00%5.00%7d2.01%
Re7 WLDRe7WLDunknownWorld Chain$7.9M1.85%1.85%10.00%3d1.86%
Spark USDC VaultsUSDCunknownBase$7.7M
Kamino Private Credit USDCusdcunknownSolana$7.2M6.96%0.00%0.00%6.92%
Kamino Vault CASHCASHunknownSolana$7.2M4.24%0.00%0.00%4.23%
Hakutora USDThUSDTHakutoraEthereum$7.1M2.58%0.00%15.00%3d2.85%
Allez SOLSOLunknownSolana$6.5M4.40%0.41%5.00%4.32%
Spark USDC VaultsparkUSDCSparkDAOBase$6.4M4.29%0.00%10.00%10d4.00%
Gauntlet USDC CoregtUSDCcoreGauntletEthereum$6.4M4.51%0.00%5.00%3d4.22%
Moonwell Flagship ETHmwETHAnthias LabsBase$6.1M1.59%0.34%15.00%4d1.47%
Kamino Institutional Commodity YieldusdcunknownSolana$6.0M8.41%0.00%0.00%8.21%
Gauntlet USDCgtUSDCcGauntletHyperliquid L1$5.6M4.18%0.00%10.00%3d5.26%
Elemental USDC TurbousdcunknownSolana$5.2M7.51%0.13%0.00%6.85%
Parity Core ETHpcETHunknownEthereum$5.2M2.13%0.00%0.00%3d2.18%
Vault Bridge USDTvbgtUSDTGauntletEthereum$5.0M2.78%0.00%5.00%3d3.41%
Metronome msETH VaultgtmsETHcGauntletBase$4.6M0.12%0.00%5.00%3d0.25%
Re7 WETHRe7WETHunknownWorld Chain$4.3M3.47%3.45%10.00%3d3.10%
Safe x Steakhouse USDCsafe-steakUSDCunknownEthereum$4.2M3.78%0.00%10.00%7d3.02%
Lulo USDCluloUSDCunknownEthereum$4.2M2.48%0.00%0.00%0h2.69%
Metronome msETH VaultgtmsETHcGauntletEthereum$3.9M3.21%0.00%5.00%3d3.31%
Gauntlet USDT PrimegtUSDTGauntletEthereum$3.9M3.13%0.00%0.00%7d3.98%
WETH ARM VaultWETH-ARMunknownEthereum$3.7M1.98%0.00%5.00%3d1.93%
TelosC Surge WBTCtcWBTCunknownEthereum$3.6M
Usual Boosted USDCUSUALUSDC+MEV CapitalEthereum$3.5M4.68%0.00%10.00%3d4.99%
MEV Capital wETHMCwETHMEV CapitalEthereum$3.5M1.91%0.00%10.00%3d1.96%
Spark USDC VaultsUSDCunknownOP Mainnet$3.4M
Steakhouse High Yield USDCusdcunknownSolana$3.4M6.42%0.09%5.00%6.12%
RockawayX SOLSOLunknownSolana$3.3M3.51%0.00%5.00%3.48%
TelosC Surge USDCtcUSDCunknownEthereum$3.1M
Clearstar Yield USDCCSYUSDCClearstarEthereum$3.1M0.00%0.00%0.00%3d0.00%
Yearn WBTCymv-WBTCunknownEthereum$3.0M0.08%0.00%0.00%3d0.10%
Gauntlet WBTC CoregtWBTCcGauntletEthereum$2.8M0.02%0.00%10.00%3d0.02%
Index Coop hyETHmhyETHGauntletEthereum$2.8M1.91%0.00%10.00%3d1.96%
Elemental USDG OptimizerUSDGunknownSolana$2.7M6.89%0.00%0.00%6.88%
Gauntlet LRT CoregtLRTcoreGauntletEthereum$2.7M1.91%0.00%10.00%3d1.94%
Steakhouse High Yield USDC v1.1bbqUSDCSteakhouse FinancialBase$2.7M6.59%0.00%0.00%3d5.03%
TelosC Surge WETHtcETHunknownEthereum$2.6M
Neutral Trade USDC Max YieldusdcunknownSolana$2.6M7.19%0.12%0.00%6.96%
Galaxy USDTusdtunknownSolana$2.5M3.12%0.00%0.00%2.76%
Gauntlet WETHgtWETHGauntletKatana$2.5M1.61%0.75%10.00%3d2.15%
OUSD Vault V1OUSD-V1unknownEthereum$2.5M4.96%0.00%5.00%3d5.14%
Hyperithm USDC ApexhyperUSDCaHyperithmEthereum$2.4M7.46%0.00%10.00%3d7.43%
Gauntlet DAI CoregtDAIcoreGauntletEthereum$2.3M4.22%0.00%10.00%3d4.29%
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%
Yearn USDTymv-USDTunknownEthereum$2.1M3.05%0.00%5.00%3d3.77%
Spark Blue Chip USDC VaultsparkUSDCbcSparkDAOEthereum$2.0M4.13%0.00%1.00%10d3.33%
Allez USXUSXunknownSolana$2.0M2.26%6.90%0.00%2.18%
Steakhouse EURCVsteakEURCVSteakhouse FinancialEthereum$1.9M0.85%0.00%0.00%7d0.90%
Gauntlet USDC FrontiergtusdcfGauntletEthereum$1.9M0.00%0.00%5.00%3d0.00%
Safe x Smokehouse USDCsafe-bbqUSDCunknownEthereum$1.9M5.57%0.00%11.50%3d4.86%
Gauntlet USDC CoregtUSDCcGauntletBase$1.9M4.31%0.00%10.00%3d4.05%
Cassa RWAs, Equities & CommoditiesrwAUSDunknownEthereum$1.9M
Safe x Steakhouse USDTsafe-steakUSDTunknownEthereum$1.9M3.22%0.00%10.00%7d4.09%
Safe x Smokehouse USDTsafe-bbqUSDTunknownEthereum$1.8M4.43%0.00%11.50%3d5.02%
Ethena PrimeUSDGunknownSolana$1.8M3.46%0.00%5.00%3.47%
SOL BalancedSOLunknownSolana$1.7M4.71%0.74%0.00%4.64%
Steakhouse High Yield USDCbbqUSDCSteakhouse FinancialArbitrum$1.6M10.79%0.00%10.00%3d5.23%
Clearstar USDC ReactorCSUSDCClearstarEthereum$1.6M9.16%0.00%20.00%3d7.57%
MEV Capital SOLSOLunknownSolana$1.6M4.67%0.46%5.00%4.61%
MEV Capital USDCusdcunknownSolana$1.5M7.39%0.12%5.00%6.51%
Marinade USD VaultusdcunknownSolana$1.5M6.65%0.10%5.00%5.94%
Cronos USDCcronosUSDCSteakhouse FinancialEthereum$1.4M4.10%0.00%0.00%3d3.35%
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%
Waterline infiniFi USDCinfinifiUSDCWaterlineEthereum$1.2M4.59%0.00%5.00%3d5.68%
Gauntlet EURC CoregteurccGauntletEthereum$1.2M2.95%0.00%10.00%3d2.46%
ALPHA wETH CoreaWETHAlphaPingEthereum$1.2M2.72%0.00%10.00%3d2.99%
USDC PrimeusdcunknownSolana$1.2M9.64%0.00%0.00%6.87%
ALPHA USDC CoreaUSDCAlphaPingEthereum$1.1M6.15%0.00%10.00%3d6.52%
Moonwell Flagship EURCmwEURCAnthias LabsBase$1.1M3.61%0.75%15.00%4d3.84%
Gauntlet USDC PrimegtusdcpGauntletOP Mainnet$1.0M4.88%0.00%10.00%3d4.68%
OUSD Vault V1OUSDh-V1unknownHyperliquid L1$1.0M6.83%0.00%5.00%0h6.60%
Resolv USDCresolvUSDCGauntletEthereum$1.0M0.00%0.00%10.00%3d0.00%
KPK USDC Prime RWAKPK_USDC_Prime_RWAunknownEthereum$1.0M
MEV Capital HYPEmcHYPEMEV CapitalHyperliquid L1$1.0M1.89%0.00%10.00%3d1.88%
Compound USDCcompUSDCGauntletPolygon$931k1.86%0.00%10.00%3d1.86%
Squads USDCusdcunknownSolana$930k3.83%0.00%2.00%4.60%
Allez USDTusdtunknownSolana$928k2.86%0.00%5.00%2.73%
Gauntlet USDC CoregtUSDCcGauntletArbitrum$926k9.69%0.00%10.00%3d7.79%
Parity High Yield USDCpcHYUSDCunknownEthereum$855k6.24%0.00%0.00%3d5.38%
IMF USDSIMF-USDSunknownEthereum$819k0.25%0.00%10.00%24h0.24%
Felix USDT0 (Frontier)feUSDT02FelixHyperliquid L1$778k8.54%0.00%10.00%3d7.35%
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%
Waterline Reservoir USDCreservoirUSDCWaterlineEthereum$679k6.50%2.33%5.00%7d6.30%
Seamless WETH VaultsmWETHunknownBase$677k0.00%0.00%15.00%3d0.00%
August AUSDaugustAUSDunknownEthereum$674k0.00%0.00%0.00%3d0.00%
Yield Clearstar USDCYCSUSDCClearstarBase$673k5.15%0.00%20.00%3d5.41%
JPEG Trading x Tenbin RWAsTNBN-JPEGunknownEthereum$672k
MEV Capital USDCMCUSDCMEV CapitalArbitrum$652k0.00%0.00%0.00%3d0.00%
Smokehouse WSTETHbbqWSTETHSteakhouse FinancialEthereum$644k0.00%0.00%10.00%3d0.00%
Hybrid Tandem Propulsion USDCHTP USDCunknownEthereum$615k0.00%0.00%0.00%4d0.00%
Allez USDSUSDSunknownSolana$571k5.85%0.00%5.00%5.84%
Safe x Steakhouse USDCsafe-steakUSDCunknownBase$556k4.29%0.00%10.00%7d4.03%
Re7 WETHRe7WETHRE7 LabsEthereum$549k0.00%0.00%20.00%3d0.00%
Steakhouse USDGUSDGunknownSolana$534k2.50%0.00%5.00%2.53%
KPK ETH Yield TermKPK_ETH_TermunknownEthereum$526k
Gauntlet USDC PrimegtUSDCpGauntletArbitrum$514k7.75%0.00%10.00%3d3.99%
Felix USDefeUSDeunknownHyperliquid L1$509k5.77%0.00%10.00%3d8.05%
Gauntlet USDT0 VaultgtUSDT0GauntletHyperliquid L1$506k6.12%0.00%10.00%3d6.57%
Gauntlet WETHgtwethcGauntletUnichain$504k3.11%0.00%10.00%3d3.16%
Gauntlet eUSD CoregteUSDcGauntletEthereum$495k3.03%0.00%10.00%3d2.94%
Elemental SOL OptimizerSOLunknownSolana$482k4.54%1.09%0.00%4.46%
Extrafi XLend WETHexmWETHGauntletBase$469k1.30%0.00%10.00%3d1.37%
Hyperithm USDC ApexhyperUSDCaHyperithmArbitrum$449k7.37%0.00%10.00%3d4.30%
Extrafi XLend USDCexmUSDCGauntletBase$433k0.00%0.00%10.00%3d0.00%
Yearn OG WETHymvOG-WETHYearnEthereum$426k2.02%0.00%5.00%3d2.02%
UltraYield USDCedgeUSDCUltraYieldBase$415k6.01%0.00%0.00%3d6.05%
Hadjime USDC PrimeUSDCunknownEthereum$405k4.43%0.00%5.00%0h4.20%
Gauntlet WETH CoregtWETHcGauntletBase$386k1.33%0.00%10.00%3d1.39%
"Parity Core USDC""pcUSDC"unknownEthereum$373k4.19%0.00%0.00%3d3.37%
Gauntlet USDC FrontiergtUSDCfGauntletBase$372k6.48%0.00%0.00%3d6.47%
Longtail Strategy USDSLTSTRAT-USDSunknownEthereum$371k0.00%0.00%50.00%0h0.00%
Gauntlet FrontierusdcunknownSolana$365k4.69%0.00%0.00%5.57%
Avantgarde USDC CoreAVGUSDCCOREAvantgardeEthereum$343k0.00%0.00%10.00%3d0.00%
Grove x Steakhouse High Yield AUSDgrove-bbqAUSDSteakhouse FinancialMonad$337k5.13%2.00%0.00%14d6.10%
Elaris USDC OptimizerusdcunknownSolana$324k7.91%0.10%0.00%7.09%
Ellen Capital - USDC SafeellenUSDCunknownEthereum$318k4.17%0.00%10.00%3d4.11%
Smokehouse DAIbbqDAISteakhouse FinancialEthereum$252k0.00%0.00%5.00%3d0.00%
Gauntlet cbBTC CoregtcbBTCcGauntletBase$250k0.03%0.00%10.00%3d0.03%
Apostro VNX Swiss Franc VCHFapVCHFApostroBase$247k0.26%0.00%10.00%3d0.22%
Re7 EURCRe7EURCunknownWorld Chain$233k8.27%8.27%10.00%3d7.75%
Gauntlet USDTgtUSDTGauntletKatana$217k1.54%0.00%10.00%3d2.64%
Hyperithm USDC ApexusdcunknownSolana$209k4.78%0.00%5.00%5.22%
Compound WETHcompWETHGauntletPolygon$197k0.00%0.00%10.00%3d0.00%
Compound USDTcompUSDTGauntletPolygon$197k2.50%0.00%10.00%3d3.01%
Notional USDCn-USDCunknownEthereum$190k0.03%0.00%0.00%0h0.02%
SOL Max YieldSOLunknownSolana$178k4.54%0.00%0.00%4.53%
Elemental USDS OptimizerUSDSunknownSolana$175k6.09%0.00%0.00%6.09%
Philidor USDC PrimephiUSDCunknownEthereum$160k4.19%0.00%0.00%7d3.23%

81 of 173 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).