Morpho Vaults

A better way to earn

How it Works

01Deposit in a Morpho Vault

Earn yield by depositing an asset into a vault curated by third-party risk experts. Each vault has a unique risk profile and strategy determined by the curator. Creating Morpho Vaults is permissionless, so users should assess a vault’s curator and risk exposure before depositing.

02Assets are supplied to Morpho Markets

A Morpho Vault can only allocate deposits to Morpho Markets whitelisted by the curator. Depositors in the vault are exposed to risks related to each market, including the collateral asset, liquidation LTV, and oracles.

03Earn yield from borrowers

Vaults generate a yield from over-collateralized lending. Borrowers deposit collateral and borrow liquidity from the underlying markets, paying interest to the vault.