Morpho Watch

DAI on Morpho

Dai Stablecoin (DAI) on Morpho, on every network: $2.25M in 2 vaults, $2.15M lent in 5 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

9.85%

Gauntlet DAI Core

Best market supply APY

11.23%

against sUSDe, Ethereum

Borrow APY, largest market

12.26%

against sUSDe, Ethereum

In vaults

$2.25M

2 vaults

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 · $2.04M $2.04M2.04M DAI 9.85% 6.98% 10% $178K
Smokehouse DAI⚠ Deposits switched offSteakhouse 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% $1.41M1.41M DAI 11.23% $1.30M$1.68M collateral 12.26% 92.0%
sUSDe / DAIEthereum · LLTV 91.5% $625K624.59K DAI 11.18% $567K$756K collateral 12.39% 90.7%
PT-USDe-31JUL2025 / DAIEthereum · LLTV 91.5% $49.5K49.53K DAI 5.52% $44.8K$0 collateral 6.11% 90.5%
USDe / DAIEthereum · LLTV 91.5% $34.9K34.95K DAI 9.19% $31.5K$365K collateral 10.26% 90.0%
sUSDe / DAIEthereum · LLTV 94.5% $28.5K28.47K DAI 6.08% $25.8K$30.9K collateral 6.73% 90.7%

About DAI on Morpho

Dai Stablecoin (DAI) is on Morpho on Ethereum. Morpho prices it at $0.9998.

2 vaults take DAI deposits, holding $2.25M in all. The largest is Gauntlet DAI Core on Ethereum, curated by Gauntlet, with $2.04M deposited and paying 9.85% net APY after fees.

DAI is lent out in 5 markets, with $2.15M supplied and $1.97M borrowed. The largest is sUSDe / DAI on Ethereum, where borrowers pay 12.26% and lenders earn 11.23%.

DAI on Morpho: quick answers

Where can I earn the most on DAI on Morpho?

Gauntlet DAI Core on Ethereum pays 9.85% net APY, the most among DAI vaults open to deposits with at least $1M in them. The largest DAI vault, Gauntlet DAI Core, pays 9.85% net APY.

Where is it cheapest to borrow DAI on Morpho?

5 markets lend DAI, but none in use has $250K or more left 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.