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Morpho Watch

DAI on Morpho

Dai Stablecoin (DAI) on Morpho, on every network: $2.38M in 2 vaults, $2.27M lent in 6 markets. Rates differ between vaults and markets because each has its own borrowers, collateral and curator.

Data from Morpho's API · updated

Best vault net APY

6.40%

Gauntlet DAI Core

Best market supply APY

6.25%

against sUSDe, Ethereum

Cheapest to borrow

–

no market with $250K+ available

Posted as collateral

$0

0 markets

Earn on DAI: vaults

Deposit DAI and a curator lends it out for you. Net APY is after the curator's fee.

Vaults that take DAI
Vault Deposits Net APY 30-day APY Fee Withdrawable
Gauntlet DAI CoreGauntlet · Ethereum · $2.17M $2.17M2.17M DAI 6.40% 5.09% 10% $203K
Smokehouse DAI⚠ Deposit disabledSteakhouse Financial · Ethereum · $209K $209K208.98K DAI 0.00% 0.00% 5% $209K

Borrow DAI: markets

Markets that lend out DAI, each against one kind of collateral.

Markets that lend DAI
Market Supplied Supply APY Borrowed Borrow APY Utilization
sUSDe / DAIEthereum · LLTV 86% $1.42M1.42M DAI 6.25% $1.29M$1.67M collateral 6.93% 90.5%
sUSDe / DAIEthereum · LLTV 91.5% $599K598.96K DAI 10.25% $551K$736K collateral 11.20% 92.0%
USDe / DAIEthereum · LLTV 86% $129K128.62K DAI 5.56% $116K$138K collateral 6.19% 90.1%
PT-USDe-31JUL2025 / DAIEthereum · LLTV 91.5% $49.2K49.22K DAI 3.29% $44.5K$0 collateral 3.65% 90.4%
USDe / DAIEthereum · LLTV 91.5% $38.8K38.82K DAI 10.16% $31.1K$365K collateral 12.82% 80.2%
sUSDe / DAIEthereum · LLTV 94.5% $28.3K28.29K DAI 3.41% $25.6K$38.1K collateral 3.77% 90.6%

DAI on Morpho: quick answers

Where can I earn the most on DAI on Morpho?

Gauntlet DAI Core on Ethereum pays 6.40% net APY, the most among DAI vaults with at least $1M deposited. The largest DAI vault, Gauntlet DAI Core, pays 6.40%.

Where is it cheapest to borrow DAI on Morpho?

6 markets lend DAI, but none has $250K or more available to borrow right now.

Which networks is DAI on Morpho available on?

Ethereum.

Borrowing against DAI? Check your numbers with the liquidation price calculator. More assets on the assets page.