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Morpho Watch

YearnVerified

Yearn curates 12 listed Morpho vaults holding $36.40M on 3 networks. A curator chooses which markets its vaults lend to and sets a cap for each one; depositors earn what those loans pay, minus the curator's fee.

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Data from Morpho's API · updated

In their vaults

$36.40M

listed vaults only

Vaults

12

on 3 networks

Average net APY

5.34%

weighted by vault size

Best vault right now

7.89%

Yearn OG ETH

Yearn's vaults

Every listed vault Yearn curates, largest first. Fees are the share of interest the curator keeps.

Vaults curated by Yearn
Vault Deposits Net APY 30-day APY Fee Withdrawable
Yearn OG USDCYearn · Ethereum · $10.56M $10.56M10.56M USDC 6.07%incl. 0.48% rewards 6.49% 5% $7.75M
Yearn USDCYearn · Ethereum · $6.16M $6.16M6.16M USDC 4.50% 4.31% 0% $6.16M
Yearn OG ETHV2Yearn · Katana · $5.43M $5.43M2.02K vbETH 7.89%incl. 0.23% rewards 1.92% 10% $137K
Yearn OG USDCV2Yearn · Ethereum · $4.09M $4.09M4.09M USDC 6.27%incl. 0.81% rewards 5.99% 10% $1.69M
Yearn OG USDCV2Yearn · Katana · $3.39M $3.39M3.39M vbUSDC 3.29%incl. 0.97% rewards 2.96% 10% $979K
Yearn OG WETHYearn · Ethereum · $1.75M $1.75M651.90 WETH 1.77% 1.65% 5% $1.75M
Yearn OG USDCYearn · Base · $1.59M $1.59M1.60M USDC 4.71% 4.75% 10% $1.59M
Yearn Degen USDCV2Yearn · Katana · $1.40M $1.40M1.40M vbUSDC 3.14%incl. 1.72% rewards 2.82% 10% $885K
Yearn OG USDTV2Yearn · Katana · $1.21M $1.21M1.21M vbUSDT 3.77%incl. 0.68% rewards 3.83% 10% $111K
Yearn OG USDC V2V2Yearn · Base · $483K $483K483.12K USDC 4.94% 5.06% 10% $367K
Yearn KATV2Yearn · Katana · $349K $349K67.48M KAT 3.16% 2.79% 0% $73.6K
Yearn OG USDT⚠ Deposit disabledYearn · Katana · $400 $400399.77 vbUSDT 1.78% 3.97% 10% $400

What these vaults lend against

Money lent directly to markets, grouped by the collateral borrowers post. Higher-risk collateral usually pays more.

CollateralLent against itShareMarkets
cbBTC $6.33M17.4%3
weETH $6.27M17.3%6
PT-USD3-17DEC2026 $4.19M11.5%1
OETH $4.09M11.3%1
USD3 $3.45M9.5%1
wstETH $2.35M6.5%3
yvvbETH $1.89M5.2%1
vbWBTC $1.86M5.1%1
cbXRP $1.57M4.3%2
WBTC $1.39M3.8%1
yvvbUSDC $789K2.2%2
vbETH $615K1.7%1
avKAT $277K0.8%2
siUSD $234K0.6%2
LBTC $193K0.5%1
YFI $173K0.5%2
stcUSD $145K0.4%1
cbDOGE $91.4K0.3%1
KAT $89.9K0.2%1
WOUSD $83.6K0.2%1

Yearn on Morpho: quick answers

How much does Yearn manage on Morpho?

Yearn curates 12 vaults listed in the Morpho app, holding $36.40M on 3 networks. The largest is Yearn OG USDC on Ethereum with $10.56M.

What do Yearn's Morpho vaults pay?

Weighted by size, its vaults pay 5.34% net APY right now. The best with at least $1M deposited is Yearn OG ETH on Katana at 7.89%. Rates change daily with borrowing demand.

What do Yearn's vaults lend against?

Mostly loans backed by cbBTC (17%), weETH (17%) and PT-USD3-17DEC2026 (12%), counting money lent directly into markets. Each vault's page shows its own mix.

Which networks does Yearn run Morpho vaults on?

Ethereum, Katana and Base.

How to judge a curator's vaults

Look at three things on each vault page. First, what the vault lends against: loans backed by Bitcoin or ETH are usually safer than loans backed by newer or thinly traded tokens. Second, how much cash the vault could pay out today, shown as "withdrawable": if nearly everything is lent out, withdrawals may have to wait. Third, the fee and the timelock, which is how long depositors get to react before the curator's changes take effect. Comparing curators? See the curator ranking, the best vault yields, or read what can go wrong with a vault.