RE7 Labs

Re7 Labs: The Re7 Capital Curator on Morpho and Euler

Q: How much does Re7 Capital manage?

Hedgeweek reported close to $1 billion in August 2025 . That is a fund-manager figure, separate from vault deposits. For CoinPulse’s separate evaluation, see CoinPulse’s RE7 Labs rating and evidence, or compare other Morpho & Euler curator ratings.

Re7 Labs is a DeFi vault curator and risk-research firm linked to Re7 Capital, a London-based crypto hedge fund manager. It configures lending vaults on Morpho and Euler. That means choosing the collateral each vault accepts, the caps and the fees, while depositors keep their funds in the vault contracts. The legal entity behind the website and services is Re7 Labs Inc., registered in Panama ¹. In November 2025, Re7 disclosed more than $27 million of combined exposure to the failed xUSD, deUSD and USDX stablecoins across its Euler and Morpho markets ¹⁰¹².

Facts checked October 23, 2026 15 cited sources No score on this page, no affiliate links

Founded—Vault curator Official siteopens in a new tab Incidents10 with recovery confirmed In our ratingsNot ratedsee all ratings

At a glance

Legal entity: Re7 Labs Inc., registered in Panama; Terms under English law ¹
Linked firm: Re7 Capital, London; founded 2021 by Evgeny Gokhberg ⁴⁵
What it does: Vault curation on Morpho and Euler, protocol risk advice, Re7 DeFi Ratings ²
Regulation: Says it is not registered with or supervised by any financial regulator ¹
Largest Morpho vaults (Oct 23, 2026): Re7 WLD, Re7 USDC and Re7 WETH on World Chain ⁷
Fees: Mostly 10% performance fee; 5% on some USDC vaults; 20% on Re7 WETH (Ethereum); no management fee on V2 vaults ⁷
Active Euler clusters: Avalanche and Linea ⁹
Notable incident: Nov 2025 xUSD / deUSD / USDX exposure ¹⁰–¹³
Facts checked: October 23, 2026

Who is behind Re7 Labs

Re7 Labs' Terms name Re7 Labs Inc., a company registered in Panama, as the operator ¹. They describe the service as non-custodial and non-discretionary curation, parameter setting and risk analytics. They also say Re7 Labs does not provide investment advice, portfolio management or custody, and is not supervised by any financial regulator ¹. Users in sanctioned jurisdictions are barred, and users must be at least 18 ¹.

The brand is tied to Re7 Capital, a London crypto hedge fund manager founded in 2021 by former UBS director Evgeny Gokhberg ⁴⁵. In August 2025, Hedgeweek reported that Re7 Capital managed close to $1 billion, employed about 30 people and was raising a $100 million multi-strategy fund ⁴. Re7 Labs is generally described as Re7 Capital's research and development arm ⁵. Neither site spells out the corporate relationship between the two entities.

What Re7 Labs does as a curator

On Morpho, a vault lends one asset across several isolated markets. Morpho splits control into four roles ⁸:

Owner: appoints the other roles.
Curator: sets which markets are allowed, the caps and the fees.
Allocators: move funds between the allowed markets.
Guardian or sentinel: can block or reduce risky changes.

Most curator changes are timelocked, so depositors can leave first ⁸. On Euler, Re7 Labs configures "clusters" of linked vaults through multisig wallets. Euler's registry describes it as the party responsible for asset selection and parameters ⁹.

Re7 also publishes Re7 DeFi Ratings, its own framework for scoring smart-contract and other DeFi risks, which it uses as an input for allocation ². Recent partnerships on its blog include:

a USD1 stablecoin vault with World Liberty Financial on BNB Chain (June 2025);
Telegram Wallet access to Re7 Morpho vaults (February 2026);
WisdomTree tokenized funds in vault strategies via OpenTrade and Plume (April 2026);
an ETH yield strategy with the Optimism Foundation (April 2026) ³.

Vaults on Morpho and Euler

Morpho's API showed these Re7 vaults with the most assets on October 23, 2026 ⁷:

Vault	Chain	Assets	Performance fee
Re7 WLD	World Chain	≈ $14.7M (mostly unallocated that day)	10%
Re7 USDC	World Chain	≈ $13.1M	10%
Aerie x Plume USDC Core (Re7 as curator only)	Ethereum	≈ $5.6M	10%
Re7 WETH	World Chain	≈ $5.2M	10%
Re7 WETH (V2)	OP Mainnet	≈ $3.2M	10%
Re7 USDC (V2)	Base	≈ $1.25M	5%
Frax USDai Ecosystem (V2)	Ethereum	≈ $1.0M	10%
Re7 WETH	Ethereum	≈ $0.7M	20%

Morpho's own curator total for Re7 Labs was lower, about $6.2 million, so check the vault you care about rather than relying on one headline figure ⁶. The performance fee is a cut of the interest earned, not of the principal.

On Euler, Re7's registered clusters on Avalanche (three vaults) and Linea (ten vaults across USD and WETH clusters) were listed as active. Clusters on Ethereum, Base, Sonic, BNB Chain, Berachain, BOB, TAC and Plasma were marked deprecated ⁹.

Incident record

1 outcome unclear

April 2026: rsETH bridge exploit. Morpho reported total rsETH exposure of about $1 million in two isolated markets ¹⁵. No Re7 exposure was reported in the sources reviewed, and no rsETH collateral appears in its current Morpho allocations ⁷.

November 2025: xUSD, deUSD and USDX exposure.

outcome unclear

What happened. In early October 2025, Re7 added Stream Finance's xUSD as collateral in an Earn vault on Plasma. Re7 later found that Stream had been borrowing USDT0 against its own xUSD ¹¹. When xUSD collapsed, Re7 disclosed $14.65 million of exposure in that isolated Plasma cluster on Euler. It also disclosed $12.75 million to Elixir's sdeUSD/deUSD across four Euler and Morpho markets ¹⁰. A further exposure was to Stable Labs' USDX on BNB Chain, where Re7 cut caps and enabled partial liquidations together with Lista DAO ¹¹. See stablecoin depeg.
Knock-on effects. Hyperithm said 30% of deposits in its own Euler USDT vault on Plasma were locked in a Re7 Labs vault ¹⁴.
Recovery. Re7 said its deUSD/sdeUSD positions were repaid by November 6 and that its Morpho World Chain deUSD position was "fully restored" ¹¹¹³. It hired the law firm Pillsbury Winthrop Shaw Pittman to pursue repayment from Stream and Stable Labs ¹³. Re7 said its mRe7YIELD and mRe7BTC strategies were not affected ¹⁰.
Verdict. The deUSD exposure was recovered by Re7's account. No resolution of the xUSD loss on Plasma was found in sources published after November 2025.

Outcome: outcome unclear

Source: mpost.io

Questions about RE7 Labs

Is Re7 Labs the same as Re7 Capital?

They are linked but not described as one company. Re7 Labs Inc. (Panama) operates the curation services ¹. Re7 Capital is the London fund manager founded by Evgeny Gokhberg ⁴.

What is the official Re7 website?

Re7 Labs uses re7labs.xyz, and its products app is at app.re7labs.xyz ². Re7 Capital uses re7.capital.

Does Re7 Labs hold depositors' funds?

No. Its Terms describe a non-custodial service. Assets stay in Morpho or Euler vault contracts ¹⁸.

How much does Re7 Capital manage?

Hedgeweek reported close to $1 billion in August 2025 ⁴. That is a fund-manager figure, separate from vault deposits.

For CoinPulse's separate evaluation, see CoinPulse's RE7 Labs rating and evidence, or compare other Morpho & Euler curator ratings.