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September 21, 2026

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CRYPTO·COINBEAT

Journalism for the digital-asset economy

Best DeFi Vault Curators · Rank 03 of 14

kpk review

Conservative USDC/ETH depositors and DAOs who want low-fee Morpho vaults with strong governance controls.

kpk.io ↗

Scored by Maria FernandezLast verified September 21, 20267 scored facts

Score9.2

92 of 100 points

The short answer

kpk scores 9.2 out of 10 and ranks #3 of 14 in the best defi vault curators table, strongest on depositor losses (10.0) and weakest on assets under curation (7.0).

kpk (formerly karpatkey) is a non-custodial onchain asset manager that has managed DAO treasuries such as the ENS Endowment since 2020. Since September 2025 it has curated 'agent-powered' Morpho vaults (Prime and Yield tiers), plus Euler Earn, Gearbox and Aleph vaults, mainly on Ethereum. All of its Morpho vaults charge a 0% performance fee.

Key facts on record

Primitives
Morpho, Euler, Gearbox
Networks
2

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.

kpk on assets under curation

7.0/ 20% of the score

$216M under curation. DefiLlama includes kpk's fund AUM and managed Safes; its Morpho vaults hold about $47M.

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

kpk on tenure as curator

8.0/ 10% of the score

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

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

kpk on depositor losses

10.0/ 25% of the score

No depositor loss on record.

25 of 25 pts · protos.com · checked September 21, 2026

kpk on public reporting

10.0/ 15% of the score

Regular public reports.

15 of 15 pts · discuss.ens.domains · checked September 21, 2026

kpk on performance fee

10.0/ 10% of the score

0% performance fee.

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

kpk on safeguards

10.0/ 10% of the score

Timelock and guardian.

10 of 10 pts · docs.kpk.io · checked September 21, 2026

kpk on primitives and networks

10.0/ 10% of the score

4 primitive–network pairs.

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

Quick answers

What is kpk best for?
Conservative USDC/ETH depositors and DAOs who want low-fee Morpho vaults with strong governance controls.. kpk (formerly karpatkey) is a non-custodial onchain asset manager that has managed DAO treasuries such as the ENS Endowment since 2020.
Where does kpk rank among best defi vault curators?
#3 of 14, scoring 9.2 out of 10 — 92 of 100 points.
What is the weakest part of kpk?
Assets under curation at 7.0. $216M under curation. DefiLlama includes kpk's fund AUM and managed Safes; its Morpho vaults hold about $47M.

Strengths and weaknesses

In its favour

  • Layered safeguards: a 5/8 Security Council sentinel, 3–7 day timelocks on allocations, and a 14-day timelock on fee changes.
  • 0% performance fee on every Morpho vault, and long-running public monthly treasury reporting (ENS Endowment).

Against it

  • DefiLlama's ~$216M figure mixes in fund AUM and Safes it manages. Morpho vaults hold only about $47M.
  • Curated-vault history only goes back to September 2025, and most assets sit on Ethereum.

How kpk 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. 03kpkyou are hereConservative 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. 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