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Morpho Watch

Morpho on Monad

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

Data from Morpho's API · updated

Supplied in markets

$155.9M

30 markets

Borrowed

$139.9M

89.7% of supply

Deposited in vaults

$111.7M

17 vaults

Collateral posted

$176.6M

backing the loans

Best vault yields on Monad

Highest net APY with at least $1M deposited

VaultNet APYDeposits
August USDC V2Monad · August Digital 9.75% $7.04M
SharpByte AUSD Tori EcosystemMonad · SharpByte 8.90% $5.47M
Hyperithm USDC ApexMonad · Hyperithm 8.70% $38.77M
Saturn USDCMonad · Hyperithm 8.46% $1.93M
Clearstar Accountable AUSDMonad · Clearstar 5.99% $3.00M
Steakhouse Prime ETHMonad · Steakhouse Financial 2.88% $45.77M

Cheapest borrowing on Monad

Lowest borrow APY with at least $250K available

MarketBorrow APYAvailable
aHyperBTC / cbBTCMonad · LLTV 77% 1.10% $616K
wstETH / WETHMonad · LLTV 94.5% 1.71% $4.90M
PT-AUSD-8OCT2026 / mUSDMonad · LLTV 91.5% 4.19% $869K
mHyperBTC / cbBTCMonad · LLTV 77% 4.36% $385K
PT-AUSD-8OCT2026 / USDCMonad · LLTV 91.5% 4.37% $1.16M
earnAUSD / USDCMonad · LLTV 91.5% 6.52% $1.08M

Largest vaults on Monad

The top 15 of 17 by deposits

All vaults →
Largest Morpho vaults on Monad
Vault Deposits Net APY 30-day APY Fee Withdrawable
Steakhouse Prime ETHV2Steakhouse Financial · Monad · $45.77M $45.77M17.04K WETH 2.88%incl. 1.50% rewards 1.40% 10% $4.90M
Hyperithm USDC ApexV2Hyperithm · Monad · $38.77M $38.77M38.78M USDC 8.70%incl. 1.05% rewards 6.33% 5% $11.4K
Hyperithm cbBTC ApexV2Hyperithm · Monad · $7.74M $7.74M92.23 cbBTC 2.25% 2.31% 10% $0
August USDC V2V2August Digital · Monad · $7.04M $7.04M7.04M USDC 9.75%incl. 4.44% rewards 6.81% 0%+0.2% a year $0
SharpByte AUSD Tori EcosystemV2SharpByte · Monad · $5.47M $5.47M5.47M AUSD 8.90%incl. 4.49% rewards 0.31% 10% $190K
Clearstar Accountable AUSDV2Clearstar · Monad · $3.00M $3.00M3.00M AUSD 5.99%incl. 0.57% rewards 5.85% 5% $303K
Saturn USDCV2Hyperithm · Monad · $1.93M $1.93M1.93M USDC 8.46%incl. 0.91% rewards 5.24% 8% $60.00
Y10k AUSD VaultV2Y10k Capital · Monad · $999K $999K998.75K AUSD 6.72%incl. 0.57% rewards 1.35% 10% $13.4K
Steakhouse High Yield USDCV2Steakhouse Financial · Monad · $350K $350K350.06K USDC 5.12%incl. 2.44% rewards 4.01% 10% $88.1K
Unified Labs USDC RWAV2Unified Labs · Monad · $193K $193K193.38K USDC 4.60%incl. 1.64% rewards 2.97% 0% $18.5K
SharpByte USDC High YieldV2SharpByte · Monad · $146K $146K145.86K USDC 8.51%incl. 1.07% rewards 1.45% 10% $146K
Steakhouse High Yield AUSDV2Steakhouse Financial · Monad · $126K $126K125.52K AUSD 0.71%incl. 0.23% rewards 4.51% 10% $87.1K
Grove x Steakhouse High Yield AUSDSteakhouse Financial · Monad · $108K $108K108.09K AUSD 1.89%incl. 0.57% rewards 1.88% 0% $19.2K
Steakhouse High Yield USD1V2Steakhouse Financial · Monad · $1.3K $1.3K1.33K USD1 0.00% 2.95% 10% $1.3K
SharpByte AUSD mROXV2SharpByte · Monad · $1.00 $1.001.00 AUSD 7.46%incl. 0.57% rewards 1.33% 0% $1.00

Largest markets on Monad

The top 15 of 30 by supply

All markets →
Largest Morpho markets on Monad
Market Supplied Supply APY Borrowed Borrow APY Utilization
wstETH / WETHMonad · LLTV 94.5% $47.85M17.82K WETH 1.54%+1.50% rewards $42.95M$47.50M collateral 1.71% 89.8%
aHYPER / USDCMonad · LLTV 77% $38.22M38.22M USDC 8.14%+1.14% rewards $34.38M$49.96M collateral 9.09% 90.0%
PT-USDat-14JAN2027 / USDCMonad · LLTV 91.5% $23.89M23.89M USDC 8.31%+1.07% rewards $21.89M$25.49M collateral 9.10% 91.7%
PT-AUSD-8OCT2026 / USDCMonad · LLTV 91.5% $11.25M11.25M USDC 3.91%+0.14% rewards $10.10M$11.42M collateral 4.37% 89.7%
earnAUSD / USDCMonad · LLTV 91.5% $7.61M7.61M USDC 5.57%+0.14% rewards $6.53M$8.23M collateral 6.52% 85.8%
strUSD / AUSDMonad · LLTV 86% $5.43M5.43M AUSD 4.95%+3.52% rewards $5.28M$6.31M collateral 5.09% 97.3%
mHyperBTC / cbBTCMonad · LLTV 77% $4.05M48.22 cbBTC 3.94% $3.66M$4.92M collateral 4.36% 90.5%
aHyperBTC / cbBTCMonad · LLTV 77% $3.69M44.01 cbBTC 0.92% $3.08M$5.23M collateral 1.10% 83.3%
PT-AUSD-8OCT2026 / mUSDMonad · LLTV 91.5% $3.48M3.48M mUSD 3.13% $2.61M$2.95M collateral 4.19% 75.0%
PT-earnAUSD-8OCT2026 / USDCMonad · LLTV 91.5% $3.12M3.12M USDC 14.27%+0.14% rewards $2.88M$3.32M collateral 15.54% 92.3%
naccUSDC / AUSDMonad · LLTV 86% $1.95M1.95M AUSD 5.96%+0.57% rewards $1.64M$2.34M collateral 7.10% 84.4%
aHyperBTC / USDCMonad · LLTV 77% $1.89M1.89M USDC 4.89%+0.14% rewards $1.72M$3.47M collateral 5.38% 91.0%
YZM / AUSDMonad · LLTV 91.5% $1.05M1.05M AUSD 5.28%+0.57% rewards $958K$1.18M collateral 5.81% 91.1%
mROX / AUSDMonad · LLTV 86% $999K998.76K AUSD 6.13%+0.57% rewards $985K$2.54M collateral 6.22% 98.7%
syzUSD / USDCMonad · LLTV 91.5% $410K410.44K USDC 6.23%+1.39% rewards $357K$426K collateral 7.20% 87.0%

Morpho on Monad: quick answers

How big is Morpho on Monad?

$155.9M is supplied and $139.9M borrowed across 30 markets listed in the Morpho app on Monad, and 17 vaults hold $111.7M.

What is the best vault yield on Morpho Monad?

Among vaults with at least $1M deposited, August USDC V2 pays the most right now: 9.75% net APY. The largest vault, Steakhouse Prime ETH, pays 2.88%.

Where is borrowing cheapest on Morpho Monad?

cbBTC against aHyperBTC costs 1.10% a year, the lowest among markets with at least $250K available to borrow.

What is the largest Morpho market on Monad?

wstETH / WETH with $47.85M supplied. Borrowers there pay 1.71% and lenders earn 1.54%.

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