Best Morpho Yields

The cohort, in numbers

Right now we track 47 Morpho strategies, holding $2.5M in deposits. 24-hour APYs run from 0.00% to 7.81%. Median 3.81%, mean 3.91%. Numbers are scoped to our index, not the wider Morpho market.

Assets you can earn on via Morpho

USDC (31 vaults, top APY 7.81%), ETH (10 vaults, top APY 5.47%), USDT (5 vaults, top APY 5.32%), and BTC (1 vault, top APY 0.03%). Open any vault to see the exact deposit token and reward stream. The asset hub pages cut this same data by token across every venue.

Networks Morpho runs on

Across the index, Morpho strategies span Base (18), Ethereum (16), Arbitrum (5), HyperEVM (5), and Polygon (3). The same venue can carry a different rate on each chain, because each chain's market sets its own supply and demand. The network hub pages rank every venue on a single chain side by side.

How the Morpho strategy works

Morpho is built from isolated markets, each defined by a single collateral asset, a loan asset, an oracle and a liquidation threshold. Third-party curators bundle those markets into vaults with a target risk profile, and depositors earn the blended rate of the underlying markets weighted by allocation. A Harvest Morpho vault deposits into the relevant market or curated vault and compounds the accrued yield and any applicable rewards back into the position. Rates reflect the utilisation of those specific isolated markets, not a single chain-wide pool.

What makes Morpho different

What sets Morpho apart in this index is isolation and curation: risk is scoped to each individual market instead of pooled across an entire asset, and a curator's allocation choices shape both the yield and the risk. That can mean higher, more differentiated rates than a shared pool, in exchange for trusting the market parameters and the curator: the opposite end of the spectrum from a single deep pool like Aave.

Reading the APY columns

24-hour APY: today's annualised rate. 30-day APY: trailing mean across the last month. The sparkline draws the same series at small scale, so a flat line reads as stable and spikes mean volatile. Past APY does not promise future APY.

Risk surfaces on every Morpho strategy

Smart-contract risk on the Harvest vault and on Morpho underneath. Oracle risk on the price feeds those contracts trust. Bridge or depeg risk on the deposit token. Governance risk on every parameter operators can change. The same venue can carry different risks on different chains. Tiers and what we leave out, on the risk framework page.

What this page is, and what it is not

A curated index of the Morpho strategies Harvest integrates. Not a survey of every market on Morpho. We add strategies as we vet and integrate them; we drop them when products retire or fall outside our framework. Inclusion criteria and ranking logic are on the methodology page.

Frequently asked questions

What is the best Morpho yield right now?

Across the 47 Morpho strategies we currently index, 7.81% is the highest 24-hour APY. The ranking above is sorted by APY by default and reflects the most recent hourly build.

How does Harvest's Morpho strategy work?

Each vault deposits into Morpho and continuously reinvests the interest and any rewards back into the position (autocompounding), so you do not have to claim or restake manually. The headline APY already reflects that compounding.

Which assets and networks can I earn Morpho yield on?

Our Morpho cohort accepts USDC, ETH, USDT, BTC across Base, Ethereum, Arbitrum, HyperEVM, Polygon. Each product page lists the underlying asset, network and any reward tokens.

Is Morpho yield safe?

No yield is risk-free. Morpho strategies carry smart-contract, oracle, deposit-token and governance risk, which can differ by chain. See the Harvest risk framework for how we weigh each surface.