Steakhouse

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	119.79M	119.79M	169.59M	$999.7M	4.43%	90.05%
USDCbacked bycbETH 77% LLTV	2.78M	1.64M	1.64M	$199.94M	4.36%	89.73%
USDCbacked bywstETH 86% LLTV	305.1k	234.77k	234.77k	$49.98M	4.47%	90.09%
USDCbacked byWETH 86% LLTV	232.63k	232.63k	10.34M	$199.94M	4.54%	90.11%
USDCbacked bycbETH 86% LLTV	0	0	258.34k	$49.98M	3.79%	84.90%
USDCIdle Liquidity	0	0	-	-	-	-

Date	Amount	Market
2026-10-07 19:33:17	+1.011 USDC+$1.01	USDCbacked bycbBTC 86% LLTV
2026-10-07 19:33:17	+114,616.22 USDC+$114.58k	USDCbacked bycbETH 77% LLTV
2026-10-07 19:33:17	-2,180.26 USDC-$2179.63	USDCbacked bywstETH 86% LLTV
2026-10-07 19:33:17	-6,095.44 USDC-$6093.67	USDCbacked byWETH 86% LLTV
2026-10-07 19:33:17	-6,400.15 USDC-$6398.30	USDCbacked bycbETH 86% LLTV

User	Deposit	% of Deposits
	4,421,551.25 USDC$4.42M	3.59%
	4,305,235.21 USDC$4.30M	3.49%
	4,126,326.36 USDC$4.12M	3.35%
	2,090,959.64 USDC$2.09M	1.69%
	1,875,289.21 USDC$1.87M	1.52%

Date	Type	Amount
2026-10-07 23:24:41	Vault Withdraw	0.06 USDC$0.06
2026-10-07 23:22:19	Vault Deposit	5.76 USDC$5.75
2026-10-07 23:21:55	Vault Deposit	273.48 USDC$273.40
2026-10-07 23:21:45	Vault Deposit	0.02 USDC$0.02
2026-10-07 23:20:27	Vault Withdraw	3.944 USDC$3.94
2026-10-07 23:17:01	Vault Deposit	840 USDC$839.75
2026-10-07 23:16:13	Vault Deposit	1.434 USDC$1.43
2026-10-07 23:13:37	Vault Deposit	3.943 USDC$3.94
2026-10-07 23:13:31	Vault Withdraw	0.12 USDC$0.11
2026-10-07 23:13:03	Vault Withdraw	0.24 USDC$0.23

Date	Amount	Market
2026-10-07 19:33:17	+1.011 USDC+$1.01	USDCbacked bycbBTC 86% LLTV
2026-10-07 19:33:17	+114,616.22 USDC+$114.58k	USDCbacked bycbETH 77% LLTV
2026-10-07 19:33:17	-2,180.26 USDC-$2179.63	USDCbacked bywstETH 86% LLTV
2026-10-07 19:33:17	-6,095.44 USDC-$6093.67	USDCbacked byWETH 86% LLTV
2026-10-07 19:33:17	-6,400.15 USDC-$6398.30	USDCbacked bycbETH 86% LLTV

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SteakhouseUSDC

Overview

Allocation

Performance

Risk

Activity

SteakhouseUSDC