Morpho Watch

Yearn

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Yearn curates 13 listed Morpho vaults holding $32.95M on 4 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

$32.95M

listed vaults only

Vaults

13

on 4 networks

Average net APY

6.05%

weighted by vault size

Best vault right now

10.36%

Yearn OG USDC

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 · $10.03M $10.03M10.03M USDC 10.36% 6.92% 5% $4.82M
Yearn USDCYearn · Ethereum · $6.22M $6.22M6.22M USDC 4.41% 4.85% 0% $6.22M
Yearn OG ETHV2Yearn · Katana · $3.97M $3.97M1.98K vbETH 1.75%incl. 1.15% rewards 1.08% 10% $2.49M
Yearn OG USDCV2Yearn · Katana · $2.87M $2.87M2.88M vbUSDC 2.38% 3.11% 10% $653K
Yearn OG USDCV2Yearn · Ethereum · $2.67M $2.67M2.67M USDC 6.78% 6.80% 10% $1.55M
Yearn OG USDCYearn · Base · $2.06M $2.06M2.06M USDC 5.08% 5.44% 10% $2.06M
Yearn Degen USDCV2Yearn · Katana · $1.93M $1.93M1.93M vbUSDC 8.00%incl. 5.97% rewards 2.10% 10% $653K
Yearn OG USDTV2Yearn · Katana · $1.22M $1.22M1.22M vbUSDT 2.50% 2.48% 10% $51.4K
Yearn OG WETHYearn · Ethereum · $1.06M $1.06M528.58 WETH 2.87% 1.97% 5% $1.06M
Yearn KATV2Yearn · Katana · $353K $353K110.15M KAT 3.54% 5.21% 0% $90.4K
Yearn OG USDC V2V2Yearn · Base · $348K $348K348.47K USDC 5.15% 5.85% 10% $295K
Yearn Stonk USDGV2Yearn · Robinhood Chain · $208K $208K207.82K USDG 4.54% 2.60% 10% $205K
Yearn OG USDT⚠ Deposits switched offYearn · Katana · $131 $131131.25 vbUSDT 0.00% 1.97% 10% $131

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
PT-USD3-17DEC2026 $5.19M17.1%1
cbBTC $3.90M12.8%2
weETH $2.59M8.5%4
siUSD $2.29M7.6%1
PT-siUSD-7JAN2027 $2.25M7.4%1
cbXRP $2.23M7.3%2
WBTC $2.16M7.1%1
yvvbETH $2.00M6.6%1
OETH $1.97M6.5%1
vbWBTC $1.52M5.0%2
wstETH $1.14M3.8%3
USD3 $845K2.8%1
yvvbUSDC $777K2.6%2
vbETH $529K1.7%2
avKAT $401K1.3%3
USDe $205K0.7%1
YFI $177K0.6%2
cbDOGE $106K0.3%1
yvvbWBTC $53.6K0.2%1
cbLTC $27.0K0.1%1

Yearn on Morpho: quick answers

How much does Yearn manage on Morpho?

Yearn curates 13 vaults listed in the Morpho app, holding $32.95M on 4 networks. The largest is Yearn OG USDC on Ethereum with $10.03M.

What do Yearn's Morpho vaults pay?

Weighted by size, its vaults pay 6.05% net APY right now. The best with at least $1M deposited is Yearn OG USDC on Ethereum at 10.36% net APY. Rates change daily with borrowing demand.

What do Yearn's vaults lend against?

Mostly loans backed by PT-USD3-17DEC2026 (17%), cbBTC (13%) and weETH (9%), counting money lent directly into markets. Each vault's page shows its own mix.

Which networks does Yearn run Morpho vaults on?

Ethereum, Katana, Base and Robinhood Chain.

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.