Steakhouse

Prime USDC

The Steakhouse USDC vault aims to optimize yields by lending USDC against blue chip crypto and real world asset RWA collateral markets depending on market conditions. We call this the dual engine.

Overview

Allocation

Performance

Returns

Risk

Risk Disclosures

Steakhouse (incl. Prime) Vaults are designed to minimize volatility by programmatically allocating against highly-liquid assets. While Steakhouse Vaults are focused on established markets, no strategy eliminates risk entirely: extraordinary market events or tail risks may still drive sudden price movements and volatility in the underlying Morpho markets.

We encourage participants to review our Risk Documentation for a detailed explanation of how we assess market volatility and counterparty risk, and maintain robust safeguards. Further details on vault structures can be found on our Products page. Each depositor acknowledges having read and understood our Disclaimers. All Steakhouse Vaults are curated and operated by Carniceria Tropical SA.

Ratings

Risk Curation

Activity

User Distribution

All Transactions

Market Exposure	Vault Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Supply Cap	APY	Utilization
USDCbacked bycbBTC 86% LLTV	9.97M	9.97M	169.05M	$999.76M	4.47%	90.08%
USDCbacked bycbETH 77% LLTV	3.47M	1.61M	1.61M	$199.95M	4.38%	89.91%
USDCbacked byWETH 86% LLTV	273.33k	273.33k	10.36M	$199.95M	4.51%	90.09%
USDCbacked bywstETH 86% LLTV	175.04k	175.04k	235.89k	$49.98M	4.41%	90.05%
USDCbacked bycbETH 86% LLTV	0.11	0.11	258.34k	$19.99M	3.79%	84.90%
USDCIdle Liquidity	0	0	-	-	-	-

Date	Allocator	Amount	Market
2026-10-07 20:31:33	Public Allocator	+1.347 USDC+$1.34	USDCbacked bycbBTC 86% LLTV
2026-10-07 20:31:33	Public Allocator	-1.347 USDC-$1.34	USDCbacked bycbETH 77% LLTV
2026-10-07 20:30:03	Public Allocator	+1.03 USDC+$1.02	USDCbacked bycbBTC 86% LLTV
2026-10-07 20:30:03	Public Allocator	-1.03 USDC-$1.02	USDCbacked bycbETH 77% LLTV
2026-10-07 20:29:53	Public Allocator	+1.347 USDC+$1.34	USDCbacked bycbBTC 86% LLTV

User	Deposit	% of Deposits
	2,021,373 USDC$2.02M	14.54%
	1,258,560.02 USDC$1.25M	9.05%
	1,108,171.18 USDC$1.10M	7.97%
	635,950.58 USDC$635.80k	4.57%
	517,433.9 USDC$517.31k	3.72%

Date	Type	Amount
2026-10-07 21:56:57	Vault Transfer	-
2026-10-07 21:56:57	Vault Transfer	-
2026-10-07 21:56:57	Vault Deposit	203 USDC$202.95
2026-10-07 21:55:35	Vault Deposit	500 USDC$499.88
2026-10-07 21:50:19	Vault Deposit	250 USDC$249.94
2026-10-07 21:44:15	Vault Withdraw	20.699 USDC$20.69
2026-10-07 21:40:19	Vault Deposit	5.114 USDC$5.11
2026-10-07 21:20:07	Vault Deposit	321.081 USDC$321.00
2026-10-07 21:07:15	Vault Withdraw	0.001 USDC$< 0.01
2026-10-07 20:50:09	Vault Deposit	6.547 USDC$6.54

User	Deposit	% of Deposits
	2,021,373 USDC$2.02M	14.54%
	1,258,560.02 USDC$1.25M	9.05%
	1,108,171.18 USDC$1.10M	7.97%
	635,950.58 USDC$635.80k	4.57%
	517,433.9 USDC$517.31k	3.72%

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SteakhousePrime USDC

Overview

Allocation

Performance

Risk

Activity

SteakhousePrime USDC