Morpho Watch

Morpho on Arbitrum

Every Morpho vault and market listed on Arbitrum, with live rates. Money on Arbitrum stays on Arbitrum: its vaults lend only to markets on the same network. Contracts can be checked on the Arbitrum block explorer.

Data from Morpho's API · updated

Supplied in markets

$142.4M

18 markets

Borrowed

$127.8M

89.7% of supply

Deposited in vaults

$143.7M

12 vaults

Collateral posted

$147.9M

backing the loans

Best vault yields on Arbitrum

Highest net APY with at least $1M deposited

VaultNet APYDeposits
Steakhouse USDG ProArbitrum · Steakhouse Financial 7.11%incl. 4.50% rewards $80.24M
Gauntlet USDG PremiumArbitrum · Gauntlet 7.11%incl. 4.50% rewards $57.07M
Steakhouse High Yield USDCArbitrum · Steakhouse Financial 5.97% $1.32M
Bitget x Steakhouse USDTArbitrum · Steakhouse Financial 5.16% $1.12M
KPK EURe YieldArbitrum · KPK 3.00%incl. 2.93% rewards $1.70M

Cheapest borrowing on Arbitrum

Lowest borrow APY among markets in use with $250K+ to borrow

MarketBorrow APYAvailable
syrupUSDG / USDGArbitrum · LLTV 91.5% 3.25% $13.92M

Largest vaults on Arbitrum

The top 12 of 12 by deposits

All vaults →
Largest Morpho vaults on Arbitrum
Vault Deposits Net APY 30‑day APY Fee Withdrawable
Steakhouse USDG ProV2Steakhouse Financial · Arbitrum · $80.24M $80.24M80.24M USDG 7.11%incl. 4.50% rewards 2.72% 10% $13.92M
Gauntlet USDG PremiumV2Gauntlet · Arbitrum · $57.07M $57.07M57.07M USDG 7.11%incl. 4.50% rewards 2.75% 10% $40.0K
KPK EURe YieldV2KPK · Arbitrum · $1.70M $1.70M1.54M EURe 3.00%incl. 2.93% rewards 0.14% 0% $1.52M
Steakhouse High Yield USDCSteakhouse Financial · Arbitrum · $1.32M $1.32M1.32M USDC 5.97% 3.07% 10% $242K
Bitget x Steakhouse USDTV2Steakhouse Financial · Arbitrum · $1.12M $1.12M1.12M USDT0 5.16% 2.40% 10% $59.7K
Bitget x Steakhouse USDCV2Steakhouse Financial · Arbitrum · $763K $763K762.86K USDC 5.97% 2.90% 10% $71.6K
Gauntlet USDC PrimeGauntlet · Arbitrum · $487K $487K486.92K USDC 5.97% 2.93% 10% $234K
Gauntlet USDC CoreGauntlet · Arbitrum · $373K $373K373.20K USDC 5.64% 2.92% 10% $203K
Hyperithm USDC ApexHyperithm · Arbitrum · $326K $326K325.65K USDC 5.79% 3.21% 10% $173K
Gauntlet USDC BalancedV2Gauntlet · Arbitrum · $166K $166K165.98K USDC 6.60% 3.43% 0% $71.5K
Gauntlet USDC PrimeV2Gauntlet · Arbitrum · $164K $164K163.68K USDC 6.51% 3.26% 0% $97.8K
Clearstar Core USDGV2Clearstar · Arbitrum · $1.00 $1.001.00 USDG 2.76% – 5% $1.00

Largest markets on Arbitrum

The top 15 of 18 by supply

All markets →
Largest Morpho markets on Arbitrum
Market Supplied Supply APY Borrowed Borrow APY Utilization
syrupUSDG / USDGArbitrum · LLTV 91.5% $136.2M136.21M USDG 2.91% $122.3M$137.5M collateral 3.25% 89.8%
WBTC / USDCArbitrum · LLTV 86% $2.21M2.21M USDC 6.66% $2.05M$4.01M collateral 7.17% 93.1%
GLV [USDG-USDG] / USDGArbitrum · LLTV 62.5% $1.07M1.07M USDG 3.05% $880K$1.71M collateral 3.73% 82.1%
wstETH / USDCArbitrum · LLTV 86% $1.04M1.04M USDC 6.65% $971K$1.93M collateral 7.16% 93.1%
WBTC / USDT0Arbitrum · LLTV 86% $854K855.25K USDT0 6.54% $795K$1.39M collateral 7.05% 93.0%
WBTC / EUReArbitrum · LLTV 86% $269K244.31K EURe 0.21% $123K$207K collateral 0.45% 45.6%
sUSDS / USDT0Arbitrum · LLTV 94.5% $158K157.86K USDT0 3.24% $141K$170K collateral 3.63% 89.4%
WETH / USDCArbitrum · LLTV 86% $155K155.41K USDC 6.65% $145K$291K collateral 7.16% 93.2%
XAUt0 / USDCArbitrum · LLTV 77% $104K103.75K USDC 6.65% $96.5K$177K collateral 7.17% 93.1%
sUSDS / USDCArbitrum · LLTV 94.5% $73.8K73.86K USDC 3.35% $66.6K$97.0K collateral 3.71% 90.2%
wstETH / USDT0Arbitrum · LLTV 86% $72.1K72.18K USDT0 3.25% $65.0K$145K collateral 3.61% 90.1%
WETH / USDT0Arbitrum · LLTV 86% $58.0K58.01K USDT0 3.24% $51.0K$103K collateral 3.69% 88.0%
wstETH / EUReArbitrum · LLTV 86% $54.0K48.97K EURe 1.33% $45.5K$72.5K collateral 1.58% 84.2%
syrupUSDC / USDCArbitrum · LLTV 91.5% $38.6K38.62K USDC 7.08% $35.6K$45.7K collateral 7.69% 92.2%
XAUt0 / USDT0Arbitrum · LLTV 77% $34.4K34.48K USDT0 3.24% $30.8K$64.5K collateral 3.63% 89.5%

Morpho on Arbitrum: quick answers

How big is Morpho on Arbitrum?

$142.4M is supplied and $127.8M borrowed across 18 markets listed in the Morpho app on Arbitrum, and 12 vaults hold $143.7M.

What is the best vault yield on Morpho Arbitrum?

Among vaults with at least $1M deposited, Steakhouse USDG Pro pays the most right now: 7.11% net APY (4.50% of it in token rewards, which can stop at any time). The largest vault, Steakhouse USDG Pro, pays 7.11% net APY (4.50% of it in token rewards, which can stop at any time).

Where is borrowing cheapest on Morpho Arbitrum?

USDG against syrupUSDG costs 3.25% a year, the lowest among markets in use with at least $250K left to borrow.

What is the largest Morpho market on Arbitrum?

syrupUSDG / USDG with $136.2M supplied. Borrowers there pay 3.25% and lenders earn 2.91%.

Other networks: Ethereum, Base, Robinhood Chain, Arc, Monad, HyperEVM, Tempo, Stable. Or compare them all on the networks page.