Spectra MetaVaults Outside V2 Review 2026: Curated Yield Vaults

Spectra MetaVaults are curated vaults built on the Spectra protocol, which tokenises yield-bearing assets. The app describes them as vaults for optimised performance and automated rollovers. DefiLlama lists this product as an onchain capital allocator.

The homepage currently shows three vaults. Gami Spectra USDC, curated by Gami Labs on Base, shows a Max APY of 6.88% and about $3.04 million in TVL. vbUSDC on Katana, curated by Clearstar, shows 4.29% and about $420,000. Flare XRP Yield Prime, curated by Gami Labs on Flare Mainnet, shows 3.97%.

DefiLlama lists the product across Base, Katana, Ethereum, Arbitrum, Avalanche and Flare, with total TVL of about $3.16 million and a listing date of February 2026. The SPECTRA token is associated with the protocol. The vaults are one part of a wider Spectra app that also includes fixed rates, yield leverage, liquidity pools, limit orders, OTC and governance.

Spectra is a yield-tokenisation protocol. It lets users split a yield-bearing token into a principal token (PT), which supports fixed rates, and a yield token (YT), which gives leveraged yield exposure. Pools for these tokens have expiry dates.

MetaVaults sit on top of that system. A curator chooses which pools and strategies to use, and depositors put an asset such as USDC into the vault. The vault then handles expiry cycles automatically, so the position rolls into new pools without manual action.

Because a curator makes allocation decisions, the vault works as an onchain capital allocator. Returns come from the underlying Spectra pools and strategies and can change over time.

Public sources do not publish a fee schedule for MetaVaults. Curator or performance fees, if any, are not stated.

Users would normally see vault-level fee details in the vault page inside the app or in Spectra's documentation. Network gas fees on the chosen chain also apply when depositing or withdrawing.

DefiLlama lists no audits for this product. Spectra as a wider protocol may publish audit reports, but they are not part of the information available here, so readers should check them before depositing.

Risks include smart-contract bugs in the vaults and the underlying yield-tokenisation system, and curator decisions that could lead to losses. Vaults hold third-party assets, and wrapped tokens or underlying pools can add further risk. Deposits are non-custodial in the sense that they sit in smart contracts rather than with a company, but they are not insured. Spectra's licensing or regulatory status is not published.

MetaVaults suit DeFi users who want yield from Spectra pools without managing expiries and rollovers themselves. They also suit people comfortable trusting a named curator and who accept smart-contract risk. Beginners who have not used vaults or yield tokenisation before should learn the basics first.