MEV Capital: DeFi Asset Manager and Morpho Vault Curator Explained

MEV Capital describes itself as an investment and risk-management firm that has worked in DeFi since 2020 ². Its About page says the team works between the UAE and Europe and is led by three General Partners, with more than a dozen core staff in technology, operations and administration ². The website does not name the partners. The site's Terms identify MEV Capital Management Ltd. as the operator but don't state where it is incorporated ¹.

The firm says it manages more than $400 million and curates over 50 vaults on more than 10 blockchains ³. Those are company figures. The amount it curates on Morpho is far smaller (see below).

A Morpho vault pools one asset, such as USDC, and lends it across separate Morpho markets. Each market pairs that asset with one collateral type. Morpho's docs split control into four roles ⁸:

• Owner: appoints the curator and the guardian or sentinel.
• Curator: decides which markets are allowed and sets caps and fees.
• Allocators: move funds between the allowed markets.
• Guardian or sentinel: can cut risk or cancel pending changes.

Most curator changes go through a timelock. For most MEV Capital V1 vaults this is three days, which gives depositors time to exit ⁷⁸.

On Euler, MEV Capital is registered in Euler's label registry as a third-party curator, using multisig wallets to configure vault "clusters" ⁹. As of October 23, 2026, every MEV Capital cluster in that registry sits under deprecated vaults. These include Ethereum, Sonic, Berachain, BNB Chain and Avalanche ⁹. A deprecated label means Euler's interface no longer promotes the cluster. It does not mean every vault is empty.

Morpho's API listed MEV Capital as a verified curator, with about $7.5 million under curation on October 23, 2026 ⁶. These were the vaults owned by MEV Capital addresses with the most assets that day ⁷:

MEV Capital addresses also appear on Base, Polygon, Unichain, Katana and Robinhood Chain, but its vaults there held little or nothing on the snapshot date ⁶⁷. The curator fee is a share of the interest the vault earns, not of your deposit.

• Fund. A Luxembourg AIF with stablecoin, ETH and BTC share classes, distributed by Belem Capital. It is open to accredited investors with a €250,000 minimum, and charges a 2% management fee and a 20% performance fee ⁴.
• Segregated managed accounts. These are for allocations above $1 million. The client keeps custody through a multisig or MPC wallet. Fees are 1% management and 20% performance ⁴.
• Restaking vaults. MEV Capital runs vaults on Symbiotic and EigenLayer and uses its own method to score slashing risk ⁴. See restaking.
• Lithuanian fund. MEV Capital's newsroom reports that Lighthouse Asset Management launched the MEV Capital Stablecoin Enhanced Yield Fund for professional investors ⁵.

MEV Capital does not publish a separate curator risk-policy document. Its Solutions page describes "in-house methodology" and on-chain monitoring in general terms ⁴.