Best Morpho yields today
The highest yields on Morpho right now, split by asset type. Vaults are the simple way to earn: you deposit and a curator lends for you. Supplying a market directly lends to one set of borrowers against one collateral. Only vaults with at least $1M deposited and markets with at least $1M supplied are ranked, so dust doesn't win.
Data from Morpho's API · updated
Stablecoins
Highest vault yields
Net APY after fees, rewards included
| Vault | Net APY |
|---|---|
| Api3 dCOMP USDCEthereum · Api3 | 11.78% |
| RockawayX Tori EcosystemEthereum · RockawayX | 10.32% |
| Yearn OG USDCEthereum · Yearn | 10.17% |
| Flowdesk Confidential High Yield USDTEthereum · Flowdesk | 9.91%incl. 2.61% rewards |
| Gauntlet DAI CoreEthereum · Gauntlet | 9.84% |
| RockawayX f(x) Protocol Ecosystem USDCEthereum · RockawayX | 9.16%incl. 4.54% rewards |
Highest market supply rates
Supplying a market directly, before rewards
ETH and staked ETH
Highest vault yields
Net APY after fees, rewards included
| Vault | Net APY |
|---|---|
| Re7 WETHOP Mainnet · RE7 Labs | 7.20%incl. 4.80% rewards |
| Uniswap ETHEthereum · Gauntlet | 3.20% |
| Galaxy WETH QualityEthereum · Galaxy Curation | 3.11% |
| Gauntlet WETH PrimeEthereum · Gauntlet | 2.97% |
| KPK ETH YieldEthereum · KPK | 2.95% |
| Gauntlet LRT CoreEthereum · Gauntlet | 2.89% |
Highest market supply rates
Supplying a market directly, before rewards
| Market | Supply APY |
|---|---|
| weETH / WETHEthereum · LLTV 94.5% | 4.45% |
| wstETH / WETHEthereum · LLTV 96.5% | 2.89% |
| wstETH / WETHEthereum · LLTV 94.5% | 2.89% |
| savETH / WETHEthereum · LLTV 91.5% | 2.84% |
| wstETH / WETHOP Mainnet · LLTV 94.5% | 2.67% |
| weETH / vbETHKatana · LLTV 91.5% | 1.82% |
Bitcoin
Highest vault yields
Net APY after fees, rewards included
| Vault | Net APY |
|---|---|
| Wintermute Confidential WBTCEthereum · Armitage by Wintermute | 4.80%incl. 3.63% rewards |
| Hyperithm cbBTC ApexMonad · Hyperithm | 2.81% |
| Moonwell Frontier cbBTCBase · Anthias Labs | 0.15%incl. 0.13% rewards |
| Vault Bridge WBTCEthereum · Gauntlet | 0.00% |
Highest market supply rates
Supplying a market directly, before rewards
| Market | Supply APY |
|---|---|
| aHyperBTC / cbBTCMonad · LLTV 77% | 3.13% |
| armUSDCp / WBTCEthereum · LLTV 77% | 2.53% |
| wstETH / WBTCEthereum · LLTV 86% | <0.01% |
Other assets
Highest vault yields
Net APY after fees, rewards included
| Vault | Net APY |
|---|---|
| KPK wARS YieldEthereum · KPK | 24.50%incl. 24.39% rewards |
| Gauntlet EURC BalancedBase · Gauntlet | 6.85% |
| Steakhouse Prime EURCBase · Steakhouse Financial | 6.49% |
| Steakhouse EURCBase · Steakhouse Financial | 6.49% |
| Belem RWA EURCVEthereum · RockawayX | 5.65% |
| Sentora OUSD MainTempo · Sentora | 3.60%incl. 3.60% rewards |
Highest market supply rates
Supplying a market directly, before rewards
| Market | Supply APY |
|---|---|
| wstETH / EURCBase · LLTV 86% | 6.85% |
| cbBTC / EURCBase · LLTV 86% | 6.84% |
| lstHYPE / WHYPEHyperEVM · LLTV 91.5% | 3.04% |
| mGLOeuro / EURCVEthereum · LLTV 77% | 2.87% |
| cbBTC / EURCVEthereum · LLTV 86% | 2.74% |
| WBTC / EURCEthereum · LLTV 86% | 2.35% |
Morpho yields: quick answers
What is the highest yield on Morpho right now?
Among vaults with at least $1M deposited, KPK wARS Yield on Ethereum pays 24.50% net APY (24.39% of it in token rewards, which can stop at any time). The top rate often comes with riskier collateral or less cash available to withdraw.
What is the best ETH yield on Morpho?
Re7 WETH on OP Mainnet pays 7.20% net APY (4.80% of it in token rewards, which can stop at any time), the most among ETH vaults with at least $1M deposited.
What is the best Bitcoin yield on Morpho?
Wintermute Confidential WBTC on Ethereum pays 4.80% net APY (3.63% of it in token rewards, which can stop at any time), the most among Bitcoin vaults with at least $1M deposited. Bitcoin is mostly used as collateral on Morpho, so these yields are low.
Before you chase the top number
A live APY moves every time someone deposits, borrows or repays. The 30-day APY on each vault page is a steadier guide. A high yield usually means riskier collateral, a newer curator, or cash that is mostly lent out, which can make withdrawals slow. Read what Morpho's APY figures mean and the risks.
Cheapest borrow rates
The lowest rates to borrow each asset, with real liquidity.
Stablecoin yields and rates
Every USDC, USDT and other dollar vault and market in one place.
Borrow against Bitcoin
cbBTC, WBTC and other BTC as collateral: rates and limits.
Fixed rates
Fixed-rate, fixed-term loans and lending on Morpho Midnight.