Documentation

CuratorWatch tracks the curators of DeFi vaults.

A curator is the risk team behind a vault. The curator picks the lending markets, sets the exposure limits, and moves the deposits.

A person who deposits into a vault is a liquidity provider (LP). The LP gives these decisions to the curator. In return, the LP gets yield.

The important question is not the vault. The important question is the curator. CuratorWatch shows who the curators are, what they manage, and how their products perform.

CuratorWatch is for three groups:

• ›Institutional allocators who choose where to put money.
• ›Curators who want to see the market and their peers.
• ›Researchers who study the vault ecosystem.

The home page shows the whole tracked market. It has these parts:

• ›Tracked TVL — the total money across all curators.
• ›Asset mix — the split of the money by asset. The bar shows the largest assets.
• ›Curator Stress Index — the current risk score and the 7-day trend.
• ›Newswire — recent news that names a tracked curator.
• ›TVL by curator — a 30-day chart of the top curators.
• ›All curators — the full list, ranked by TVL. You can search and sort the list.

Each curator has a profile page. The page has these parts:

• ›About — a short summary. It shows the vault count, the money, the assets, and the strategy. For the top curators, it also shows the company facts, the backers, and a quote from the press.
• ›Total value locked — the money that the curator manages now.
• ›Track record — the money over time.
• ›Changes and alerts — the recent events for the curator.
• ›Vaults — the list of the vaults. Each row shows the asset, the TVL, the net APY, and the fee. You can sort the table.
• ›Liquidations — the liquidation events and any bad debt.
• ›Top depositors — the largest deposits into the vaults of the curator.

The Compare action opens the compare page with this curator. See Compare.

Each vault has a page with tabs:

• ›Overview — the key numbers: TVL, net APY, fees, asset, and chain.
• ›Markets — the markets that the vault lends to, and the size of each allocation.
• ›Activity — the recent deposits, withdrawals, and changes.
• ›Strategy — notes on how the curator runs the vault.

To open the vault on its protocol, use the external link. This link leaves CuratorWatch.

The calculator helps you find a vault and project the earnings.

To use the calculator:

1. Enter a deposit amount.
2. Select a collateral type: Blue-Chip or All.
3. Read the ranked list of the vaults. CuratorWatch ranks the list by the current rate.
4. Use the filters to narrow the list by protocol, asset, curator, or rate range.
5. Select a vault to see the details.

The vault view shows a 12-month growth chart, a monthly schedule, and a liquidity check. The liquidity check compares your deposit to the vault TVL.

The projection uses the current net rate of the vault. Morpho vaults compound the yield (APY). Turtle vaults pay the yield at set times (APR).

CuratorWatch finds important changes and sends alerts. There are four alert types:

• ›Large flow — a big deposit or withdrawal.
• ›APY change — a large move in the rate.
• ›Concentration — a change in how much one manager holds.
• ›Lifecycle — a new vault, or the end of a vault.

To get alerts by email:

1. Open the Alerts page.
2. Select the curators that you want to follow.
3. Enter your email address.
4. Confirm the email.

You can also get the daily digest email. See Curator Daily.

The Curator Daily is a daily email and a web page. It shows:

• ›The flows and the yield moves in the last 24 hours.
• ›The new vaults and the liquidation incidents.
• ›The recent news as links.
• ›One curator spotlight, with the facts and a quote.

CuratorWatch sends the Curator Daily every day at 05:30 UTC.

The Curator Stress Index is a score from 0 to 100. A low score shows a calm market. A high score shows more risk. The score has five bands:

• ›Calm — 0 to 19.
• ›Normal — 20 to 39.
• ›Elevated — 40 to 59.
• ›Stressed — 60 to 79.
• ›Critical — 80 to 100.

The home page shows the current score and the 7-day trend.

The compare page shows up to four curators side by side.

To compare curators:

1. Open a curator profile.
2. Select Compare.
3. Add more curators on the compare page.

The page shows the TVL, the strategy, the assets, and the yields for each curator.

A free account is necessary to see the full data.

An anonymous visitor sees three surfaces only: the home page (the top 3 rows), these documents, and the changelog. The other pages ask you to sign in.

To create an account:

1. Select Create account or Sign in.
2. Enter your email address.
3. Enter the 6-digit code from the email.
4. Choose a handle.

CuratorWatch does not use a password. You sign in with a new code each time.

CuratorWatch collects the data from public sources: Morpho, Turtle, Euler, Centrifuge, Upshift, and Hyperliquid.

The collection runs every 6 hours. A full sync runs one time each day. Pages read from the saved snapshots, not from live calls. Each page shows the time of the last collection where it applies.

Change detection runs on every cycle. It finds TVL moves, APY shifts, fee changes, allocation changes, and liquidations.

CuratorWatch does not count the same vault two times. It uses the on-chain address to remove duplicates across the sources.

The calculator recognizes these assets as blue-chip:

The codebase holds the full list. The team updates the list as the ecosystem changes. The list above does not show every wrapped, staked, and vault token.

Curator

A team that manages a vault. The curator picks the markets, sets the limits, and moves the deposits.

Vault

A smart contract that takes deposits and lends them to markets. One curator manages each vault.

Liquidity provider (LP)

A person or company that deposits money into a vault.

Market

One lending pair. A vault lends to one or more markets.

Allocation

The money that a vault puts into one market.

TVL (total value locked)

The total money in a vault, or across a curator, in US dollars.

AUM (assets under management)

The total money that one curator manages. CuratorWatch uses TVL and AUM for the same value.

APY (annual percentage yield)

The yearly rate with compound interest. Morpho vaults use APY.

APR (annual percentage rate)

The yearly rate without compound interest. Turtle vaults use APR.

Net rate

The rate after the fees.

Performance fee

The part of the yield that the curator keeps.

Liquidation

The sale of collateral when a borrower does not keep enough collateral.

Bad debt

A loss that stays after a liquidation. The vault cannot get this money back.

Curator Stress Index

A score from 0 to 100. A high score shows more risk in the tracked set.

Dossier

The set of facts about a curator: the company, the people, and the history.

Blue-chip asset

A large and liquid token. The calculator can filter for these assets.

Snapshot

A saved copy of the data at one time. Pages read from the snapshots.