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

$138.1M

31 markets

Borrowed

$119.7M

86.6% of supply

Deposited in vaults

$118.7M

20 vaults

Collateral posted

$152.4M

backing the loans

Best vault yields on Monad

Highest net APY with at least $1M deposited

VaultNet APYDeposits
SharpByte USDC High YieldMonad · SharpByte 8.35%incl. 1.89% rewards $1.85M
August USDC V2Monad · August Digital 8.28%incl. 0.82% rewards $14.90M
Hyperithm USDC ApexMonad · Hyperithm 8.11%incl. 0.78% rewards $35.33M
Saturn USDCMonad · Hyperithm 7.42%incl. 0.91% rewards $15.86M
SharpByte AUSD Tori EcosystemMonad · SharpByte 7.02%incl. 2.45% rewards $6.21M
RockawayX infiniFi AUSDMonad · RockawayX 6.99%incl. 1.35% rewards $4.64M

Cheapest borrowing on Monad

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

MarketBorrow APYAvailable
wstETH / WETHMonad · LLTV 94.5% 1.61% $3.44M
aHyperBTC / cbBTCMonad · LLTV 77% 3.44% $375K
USPC / USDCMonad · LLTV 91.5% 5.75% $534K
siUSD / AUSDMonad · LLTV 91.5% 6.34% $319K
strUSD / AUSDMonad · LLTV 86% 6.61% $2.57M
PT-USDat-14JAN2027 / USDCMonad · LLTV 91.5% 8.25% $4.17M

Largest vaults on Monad

The top 15 of 20 by deposits

All vaults →
Largest Morpho vaults on Monad
Vault Deposits Net APY 30‑day APY Fee Withdrawable
Hyperithm USDC ApexV2Hyperithm · Monad · $35.33M $35.33M35.33M USDC 8.11%incl. 0.78% rewards 7.71% 5% $10.00
Steakhouse Prime ETHV2Steakhouse Financial · Monad · $20.30M $20.30M10.11K WETH 2.44%incl. 1.19% rewards 1.42% 10% $3.44M
Saturn USDCV2Hyperithm · Monad · $15.86M $15.86M15.87M USDC 7.42%incl. 0.91% rewards 7.60% 8% $109
August USDC V2V2August Digital · Monad · $14.90M $14.90M14.90M USDC 8.28%incl. 0.82% rewards 7.58% 0%+0.2% a year $1.47M
SharpByte AUSD Tori EcosystemV2SharpByte · Monad · $6.21M $6.21M6.21M AUSD 7.02%incl. 2.45% rewards 6.68% 10% $2.67M
Y10k AUSD VaultV2RockawayX, Y10k Capital · Monad · $5.80M $5.80M5.81M AUSD 6.14%incl. 1.48% rewards 5.20% 10% $56.8K
August USPCV2August Digital · Monad · $5.76M $5.76M5.76M USDC 6.47%incl. 1.27% rewards 4.20% 0% $534K
RockawayX infiniFi AUSDV2RockawayX · Monad · $4.64M $4.64M4.64M AUSD 6.99%incl. 1.35% rewards 5.04% 5% $319K
Hyperithm cbBTC ApexV2Hyperithm · Monad · $4.02M $4.02M55.92 cbBTC 2.81% 2.20% 10% $2.7K
Clearstar Accountable AUSDV2Clearstar · Monad · $2.82M $2.82M2.83M AUSD 6.44% 7.02% 5% $222K
SharpByte USDC High YieldV2SharpByte · Monad · $1.85M $1.85M1.85M USDC 8.35%incl. 1.89% rewards 7.36% 10% $1.80M
SharpByte AUSD mROXV2SharpByte · Monad · $503K $503K503.43K AUSD 1.50%incl. 1.50% rewards 5.49% 0% $503K
Re Ecosystem VaultV2Re · Monad · $418K $418K417.91K USDC 9.92% 5.82% 10% $89.8K
Steakhouse High Yield USDCV2Steakhouse Financial · Monad · $145K $145K145.11K USDC 4.24% 3.39% 10% $57.3K
Steakhouse High Yield AUSDV2Steakhouse Financial · Monad · $56.2K $56.2K56.29K AUSD 4.49% 4.28% 10% $6.3K

Largest markets on Monad

The top 15 of 31 by supply

All markets →
Largest Morpho markets on Monad
Market Supplied Supply APY Borrowed Borrow APY Utilization
aHYPER / USDCMonad · LLTV 77% $31.03M31.03M USDC 7.84%+0.81% rewards $27.54M$41.35M collateral 8.88% 88.8%
PT-USDat-14JAN2027 / USDCMonad · LLTV 91.5% $30.88M30.88M USDC 7.10%+0.91% rewards $26.70M$30.81M collateral 8.25% 86.5%
wstETH / WETHMonad · LLTV 94.5% $25.80M12.84K WETH 1.39%+1.19% rewards $22.36M$24.92M collateral 1.61% 86.7%
earnAUSD / USDCMonad · LLTV 91.5% $14.90M14.90M USDC 7.73% $13.43M$15.87M collateral 8.61% 90.1%
strUSD / AUSDMonad · LLTV 86% $12.80M12.81M AUSD 5.24%+1.50% rewards $10.22M$12.82M collateral 6.61%−1.00% rewards 79.9%
USPC / USDCMonad · LLTV 91.5% $5.76M5.76M USDC 5.21% $5.22M$6.01M collateral 5.75% 90.7%
aHyperBTC / cbBTCMonad · LLTV 77% $4.24M59.00 cbBTC 3.13% $3.86M$5.97M collateral 3.44% 91.1%
siUSD / AUSDMonad · LLTV 91.5% $3.49M3.49M AUSD 5.75%+1.80% rewards $3.17M$3.59M collateral 6.34% 90.8%
aHyperBTC / USDCMonad · LLTV 77% $1.93M1.93M USDC 8.34% $1.74M$2.97M collateral 9.31% 90.1%
naccUSDC / AUSDMonad · LLTV 86% $1.85M1.86M AUSD 7.42% $1.63M$2.46M collateral 8.47% 88.0%
PT-siUSD-7JAN2027-(ETH) / AUSDMonad · LLTV 91.5% $1.15M1.15M AUSD 6.53% $1.04M$1.18M collateral 7.24% 90.5%
mROX / AUSDMonad · LLTV 86% $1.02M1.02M AUSD 0.00%+1.50% rewards $1.00$1.00 collateral 1.14% <0.01%
PT-reUSD-10DEC2026 / USDCMonad · LLTV 91.5% $996K996.71K USDC 11.08% $907K$1.27M collateral 12.25% 91.0%
YZM / AUSDMonad · LLTV 91.5% $822K822.66K AUSD 5.44% $731K$933K collateral 6.14% 88.9%
syzUSD / USDCMonad · LLTV 91.5% $399K399.40K USDC 9.42% $361K$429K collateral 10.46% 90.5%

Morpho on Monad: quick answers

How big is Morpho on Monad?

$138.1M is supplied and $119.7M borrowed across 31 markets listed in the Morpho app on Monad, and 20 vaults hold $118.7M.

What is the best vault yield on Morpho Monad?

Among vaults with at least $1M deposited, SharpByte USDC High Yield pays the most right now: 8.35% net APY (1.89% of it in token rewards, which can stop at any time). The largest vault, Hyperithm USDC Apex, pays 8.11% net APY (0.78% of it in token rewards, which can stop at any time).

Where is borrowing cheapest on Morpho Monad?

WETH against wstETH costs 1.61% a year, the lowest among markets in use with at least $250K left to borrow.

What is the largest Morpho market on Monad?

aHYPER / USDC with $31.03M supplied. Borrowers there pay 8.88% and lenders earn 7.84%.

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