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September 21, 2026

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CRYPTO·COINBEAT

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Best DeFi Vault Curators · Rank 10 of 14

K3 Capital review

Depositors looking for Euler-based ETH and stablecoin yield on newer chains like Monad and Plasma.

k3.capital ↗

Scored by Maria FernandezLast verified September 21, 20267 scored facts

Score5.9

59 of 100 points

The short answer

K3 Capital scores 5.9 out of 10 and ranks #10 of 14 in the best defi vault curators table, strongest on performance fee (10.0) and weakest on depositor losses (0.0).

K3 Capital is a DeFi asset manager founded in 2021 that runs non-directional funds and curates lending markets. It builds and manages Euler v2 clusters and Euler Earn vaults across several chains, plus a smaller set of Morpho vaults. Its largest curated position today is on Monad, where its Euler Earn WETH and AUSD vaults hold roughly $94M.

Key facts on record

Primitives
Euler, Morpho
Networks
8

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.

K3 Capital on assets under curation

7.0/ 20% of the score

$526M under curation. DefiLlama also counts positions that are not lending-vault curation; Morpho credits about $4.1M.

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

K3 Capital on tenure as curator

8.0/ 10% of the score

First vault 2025-04 — 1 year 5 months as of 2026-09-21.

8 of 10 pts · blog.k3.capital · checked September 21, 2026

K3 Capital on depositor losses

0.0/ 25% of the score

Bad debt on record, not covered. Elixir deUSD was collateral in its Euler Avalanche cluster; lenders' recovery came from Elixir's ~80% claims portal, not from K3.

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

K3 Capital on public reporting

4.7/ 15% of the score

One-off reports only.

7 of 15 pts · blog.k3.capital · checked September 21, 2026

K3 Capital on performance fee

10.0/ 10% of the score

0% performance fee. Largest vault, Euler Earn WETH on Monad; its other vaults charge 5–10%.

10 of 10 pts · app.euler.finance · checked September 21, 2026

K3 Capital on safeguards

10.0/ 10% of the score

Timelock and guardian. On its Morpho V2 vaults the sentinel is K3's own curator address.

10 of 10 pts · app.euler.finance · checked September 21, 2026

K3 Capital on primitives and networks

10.0/ 10% of the score

8 primitive–network pairs.

10 of 10 pts · api.llama.fi · checked September 21, 2026

Quick answers

What is K3 Capital best for?
Depositors looking for Euler-based ETH and stablecoin yield on newer chains like Monad and Plasma.. K3 Capital is a DeFi asset manager founded in 2021 that runs non-directional funds and curates lending markets.
Where does K3 Capital rank among best defi vault curators?
#10 of 14, scoring 5.9 out of 10 — 59 of 100 points.
What is the weakest part of K3 Capital?
Depositor losses at 0.0. Bad debt on record, not covered. Elixir deUSD was collateral in its Euler Avalanche cluster; lenders' recovery came from Elixir's ~80% claims portal, not from K3.

Strengths and weaknesses

In its favour

  • About $525.5M on DefiLlama's Risk Curators tracker, spread across Euler and Morpho on nine chains — though the figure includes positions that are not lending-vault curation.
  • Its biggest vault (Euler Earn WETH on Monad) has both a 1-day timelock and a guardian set, and charges 0% fee on-chain.

Against it

  • Listed Elixir deUSD/sdeUSD as collateral in its Euler Avalanche cluster, and lenders there were hurt in the November 2025 deUSD collapse. Recovery came from Elixir's ~80% claims portal, not from K3.
  • Safeguards vary by vault: the Plasma and BNB Chain Earn vaults have no guardian, and on its Morpho V2 vaults the sentinel is K3's own curator address. It publishes no recurring vault reports.

How K3 Capital 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 Capitalyou are hereDepositors looking for Euler-based ETH and stablecoin yield on newer chains like Monad and Plasma.5.9
  11. 11HyperithmStablecoin 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