# Supply Vaults

A Morpho Vault is a vault that lets you deposit a single asset (like HYPE or USDT0) and automatically spreads your funds across multiple **lending markets** to earn yield. You don’t have to manage risk or pick markets yourself—the vault does it for you, using automated risk management and expert curation. You can withdraw your funds at any time, as long as there’s enough liquidity.

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[Use Morphobeat here](https://app.hyperbeat.org/morphobeat)
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## Key points

* Deposit once, earn yield from multiple markets.
* Automated risk management managed by Curators —no need to pick or monitor markets yourself.
* Withdraw anytime (subject to available liquidity).
* Built on the Morpho protocol, using the ERC-4626 vault standard.

## FAQs

### **What is a Morpho Vault?**

A Morpho Vault is a permissionless lending vault that lets users deposit a single asset and automatically allocates those funds across multiple Morpho Markets to earn yield. Vaults manage risk and optimize returns on your behalf.

### **How do Morpho Vaults manage risk?**

Vaults use automated risk management, with [curators](broken://pages/TFao9DqCsVARouE4l6y7) selecting which markets to allocate funds to based on risk profiles. Allocators can rebalance funds as needed, and all changes are subject to timelocks for transparency and user protection.

### **What are curators?**

A **Curator** is an entity who aims to optimize the risk-adjusted returns for depositors based on a given strategy. Curators are specifically responsible for the strategic curation of vaults, making key decisions about which markets to include, how capital is allocated, and how risk is curated within the vault structure. Their expertise directly impacts vault performance and security.

### **Which Curators does Hyperbeat work with?**

Hyperbeat works with [Gauntlet](https://www.gauntlet.xyz/) and [MEV Capital](https://mevcapital.com/) as curators, two of the largest and most experiences risk managers in the industry. 

### **Can I withdraw my funds at any time?**

Yes, users can withdraw their liquidity at any time, as long as there is sufficient liquidity available in the vault and underlying markets.

### **What assets can I deposit into a Morpho Vault?**

Each vault supports a single loan asset (e.g., USDC, ETH). The supported asset is determined at vault creation.

### **What are the main risks of using Morpho Vaults?**

Risks include smart contract vulnerabilities, oracle risk, counterparty risk, liquidation risk, and liquidity risk. Users should review the risk documentation before depositing.

### **Are Morpho Vaults audited?**

Yes, Morpho Vaults and the underlying protocol have undergone [multiple audits](https://docs.morpho.org/getting-started/resources/audits/) and follow industry-leading security practices, including formal verification and bug bounty programs.<br>


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