Overview

Allocation

Performance

Returns

Risk

Risk Disclosures

Steakhouse High Yield (incl. Smokehouse) Vaults are designed to provide higher risk-adjusted returns through exposure to a wider range of collateral. This approach may expose depositors to greater volatility or liquidity constraints. Although ongoing monitoring and dynamic asset allocation aims to mitigate large drawdowns, rapid shifts in market sentiment could still trigger liquidations or short-lived liquidity disruptions.

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 (USDT)	Liquidity (USDT)	Underlying Liquidity (USDT)	Supply Cap	APY	Utilization
USDTbacked byPT-sUSDS-26NOV2026 91.5% LLTV	5.57M	544.23k	544.23k	$19.99M	5.37%	90.68%
USDTbacked byPT-reUSD-10DEC2026 91.5% LLTV	4.4M	1.57M	1.57M	$9.99M	5.56%	78.45%
USDTbacked byreUSD 91.5% LLTV	2.86M	406.36k	406.36k	$19.99M	5.53%	87.27%
USDTbacked bycbBTC 86% LLTV	2.57M	1.58M	1.58M	$49.99M	4.20%	90.79%
USDTbacked byWBTC 86% LLTV	1.97M	1.97M	7.75M	$49.99M	4.27%	90.85%
USDTbacked byweETH 86% LLTV	1.71M	192.25k	192.25k	$19.99M	4.20%	90.67%
USDTbacked bywstETH 86% LLTV	893.72k	893.72k	11.69M	$199.96M	4.20%	90.81%
USDTbacked byWBTC 86% LLTV	875.82k	270.71k	270.71k	$49.99M	4.31%	90.89%
USDTbacked bysUSDS 96.5% LLTV	620.39k	620.39k	1.11M	$49.99M	4.20%	90.84%
USDTbacked byWETH 86% LLTV	241.65k	26.36k	26.36k	$49.99M	4.30%	90.78%

Date	Amount	Market
2026-09-26 11:35:59	+2.07 USDT+$2.07	USDTbacked bywstETH 86% LLTV
2026-09-26 11:35:59	+99,329.46 USDT+$99.31k	USDTbacked byWBTC 86% LLTV
2026-09-26 11:35:59	+17,815.31 USDT+$17.81k	USDTbacked bycbBTC 86% LLTV
2026-09-26 11:35:59	+13,072.01 USDT+$13.07k	USDTbacked bysUSDS 96.5% LLTV
2026-09-26 11:35:59	+6,706.65 USDT+$6705.82	USDTbacked byPT-sUSDS-26NOV2026 91.5% LLTV

User	Deposit	% of Deposits
	18,875,746.94 USDT$18.87M	85.66%
	1,244,274.12 USDT$1.24M	5.64%
	441,139.85 USDT$441.08k	2.00%
	420,983.82 USDT$420.93k	1.91%
	308,193.3 USDT$308.15k	1.39%

Date	Type	Amount
2026-09-25 15:59:23	Vault Withdraw	50,009.76 USDT$50.00k
2026-09-25 13:04:23	Vault Withdraw	9,987.13 USDT$9985.55
2026-09-24 08:47:23	Vault Deposit	50,000 USDT$49.99k
2026-09-24 04:32:11	Vault Withdraw	671,426.48 USDT$671.32k
2026-09-24 02:58:11	Vault Withdraw	671,399.3 USDT$671.29k
2026-09-23 15:55:35	Vault Deposit	129,027.67 USDT$129.00k
2026-09-21 14:29:11	Vault Withdraw	10,173.47 USDT$10.17k
2026-09-21 14:28:59	Vault Withdraw	100,294.14 USDT$100.27k
2026-09-21 14:15:11	Vault Deposit	89.961 USDT$89.94
2026-09-20 03:57:47	Vault Deposit	100,277.87 USDT$100.26k

User	Deposit	% of Deposits
	18,875,746.94 USDT$18.87M	85.66%
	1,244,274.12 USDT$1.24M	5.64%
	441,139.85 USDT$441.08k	2.00%
	420,983.82 USDT$420.93k	1.91%
	308,193.3 USDT$308.15k	1.39%

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDT

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDT