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September 21, 2026

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CRYPTO·COINBEAT

Journalism for the digital-asset economy

Best DeFi Vault Curators · Rank 11 of 14

Hyperithm review

Stablecoin depositors who want tiered-risk Morpho vaults on Monad and Ethereum from a quant-trading firm.

hyperithm.com ↗

Scored by Maria FernandezLast verified September 21, 20267 scored facts

Score5.4

54 of 100 points

The short answer

Hyperithm scores 5.4 out of 10 and ranks #11 of 14 in the best defi vault curators table, strongest on performance fee (10.0) and weakest on depositor losses (0.0).

Hyperithm is a Tokyo- and Seoul-based digital asset manager founded in 2018, known for market-neutral and quant trading. It curates Morpho vaults under the 'Apex', 'Core' and 'Degen' tiers, a few Euler vaults, and the Midas mHYPER yield token. Its largest curated vault is Hyperithm USDC Apex on Monad.

Key facts on record

Primitives
Morpho, Euler
Networks
4

What the record shows

7 facts, each converted to points by the tables published in the table’s methodology. Each score below is read from the fact printed under it, with its source and the date it was checked.

Hyperithm on assets under curation

7.0/ 20% of the score

$274M under curation. DefiLlama also counts Midas tokens and non-lending vaults; Morpho credits $66.9M.

14 of 20 pts · api.llama.fi · checked September 21, 2026

Hyperithm on tenure as curator

8.0/ 10% of the score

First vault 2025-02 — 1 year 7 months as of 2026-09-21.

8 of 10 pts · app.morpho.org · checked September 21, 2026

Hyperithm on depositor losses

0.0/ 25% of the score

Bad debt on record, not covered. About 30% of its Plasma Euler USDT Earn vault remains locked in Re7's xUSD vault.

0 of 25 pts · x.com · checked September 21, 2026

Hyperithm on public reporting

4.7/ 15% of the score

One-off reports only.

7 of 15 pts · x.com · checked September 21, 2026

Hyperithm on performance fee

10.0/ 10% of the score

5% performance fee.

10 of 10 pts · app.morpho.org · checked September 21, 2026

Hyperithm on safeguards

5.0/ 10% of the score

Timelock or guardian, not both.

5 of 10 pts · app.morpho.org · checked September 21, 2026

Hyperithm on primitives and networks

10.0/ 10% of the score

5 primitive–network pairs.

10 of 10 pts · api.morpho.org · checked September 21, 2026

Quick answers

What is Hyperithm best for?
Stablecoin depositors who want tiered-risk Morpho vaults on Monad and Ethereum from a quant-trading firm.. Hyperithm is a Tokyo- and Seoul-based digital asset manager founded in 2018, known for market-neutral and quant trading.
Where does Hyperithm rank among best defi vault curators?
#11 of 14, scoring 5.4 out of 10 — 54 of 100 points.
What is the weakest part of Hyperithm?
Depositor losses at 0.0. Bad debt on record, not covered. About 30% of its Plasma Euler USDT Earn vault remains locked in Re7's xUSD vault.

Strengths and weaknesses

In its favour

  • Curating on Morpho since February 2025, deployed on four Morpho chains plus Euler on Ethereum.
  • Its Ethereum and Morpho mHYPER lending had no xUSD exposure in November 2025, and it disclosed the one vault that was exposed within days.

Against it

  • Depositors in its Plasma Euler USDT Earn vault were left with ~30% stuck in Re7's xUSD vault, uncovered by Hyperithm. They received the other ~70%.
  • Its largest vault (Monad USDC Apex, V2) has no sentinel/guardian, and fee changes there are not timelocked.

How Hyperithm compares

14 services in best defi vault curators

  1. 01Steakhouse FinancialStablecoin depositors and fintech integrators who want conservative, blue-chip-collateral Morpho vaults.10.0
  2. 02SentoraInstitutions and stablecoin issuers looking for a white-label curated vault with a research-heavy risk desk.9.8
  3. 03kpkConservative USDC/ETH depositors and DAOs who want low-fee Morpho vaults with strong governance controls.9.2
  4. 04YearnDeFi-native depositors who want Morpho USDC/ETH exposure with an openly published risk-scoring method.8.2
  5. 05RockawayXDepositors who want RWA and private-credit yield through Morpho or Kamino and accept a newer curator.8.1
  6. 06GauntletDepositors who want low-fee Prime-tier stablecoin vaults across many chains from a long-running quant risk firm.6.7
  7. 07KeyrockInstitutions that want a market maker's credit view on USDC lending, including on the Arc chain.6.7
  8. 08BitwiseAdvisers and institutions that want a known asset-manager brand curating an RWA-backed stablecoin lending vault.6.4
  9. 09SparkStablecoin depositors who want long timelocks and Sky-ecosystem backing.6.2
  10. 10K3 CapitalDepositors looking for Euler-based ETH and stablecoin yield on newer chains like Monad and Plasma.5.9
  11. 11Hyperithmyou are hereStablecoin depositors who want tiered-risk Morpho vaults on Monad and Ethereum from a quant-trading firm.5.4
  12. 12MEV CapitalMainly a case study in curator risk; what remains is a small set of Morpho vaults.5.2
  13. 13Re7 LabsExperienced users who want long-tail chains and assets and accept higher curator risk.4.7
  14. 14UltraYieldUsers who want Edge Capital's market-neutral strategy vaults more than a large Morpho/Euler lending book.4.1