Hakutora review
Hakutora curates two Morpho vaults holding roughly $23M, one of the larger books among the smaller curators. Almost all of it sits in a single market and utilisation is pushed to the top of its range, so the size comes with concentration and liquidity risk that a depositor should weigh.
The numbers
| Metric | Value | Score | Source |
|---|---|---|---|
| Assets under curatorship29% | $23.0M | 8.0/10 | Morpho 2026-09-22 |
| 90-day growth18% | -0.7% | 6.5/10 | Morpho 2026-09-22 |
| Concentration24% | 99.1% | 3.0/10 | Morpho 2026-09-22 |
| Utilisation12% | 91% | 8.0/10 | Morpho 2026-09-22 |
| Fee17% | 15% | 5.0/10 | Morpho 2026-09-22 |
Concentration and utilisation are AUM-weighted across the firm’s listed vaults. Each metric is scored 0–10 on fixed open-data thresholds (see the methodology). Active depositor counts have no reliable open feed, so that metric is left out of the rubric rather than estimated.
- Assets under curatorship: $23.0M (8.0/10)
- Utilisation: 91% (8.0/10)
- Concentration: 99.1% (3.0/10)
- Fee: 15% (5.0/10)
Who it’s for
Depositors comfortable with a smaller, more focused book in exchange for a specific market thesis.
Anyone who wants diversification: almost all of the book sits in one market, so its fate rides on that single position.
Hakutora on Morpho Plain reference — not an affiliate link.