Morpho Vaults | Smokehouse USDT

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	7.84M	872.81k	872.81k	$19.99M	3.82%	90.00%
USDTbacked byPT-reUSD-10DEC2026 91.5% LLTV	4.64M	676.59k	676.59k	$9.99M	9.04%	90.85%
USDTbacked byWBTC 86% LLTV	3.07M	3.07M	14.81M	$49.99M	2.50%	83.11%
USDTbacked byreUSD 91.5% LLTV	3.02M	300.61k	300.61k	$19.99M	6.72%	90.98%
USDTbacked bywstETH 86% LLTV	2.53M	2.53M	22.29M	$199.97M	2.50%	83.45%
USDTbacked bysUSDS 96.5% LLTV	1.36M	1.36M	3.54M	$49.99M	2.49%	83.78%
USDTbacked byweETH 86% LLTV	297.23k	237.61k	237.61k	$19.99M	2.64%	84.66%
USDTIdle Liquidity	198.71k	198.71k	-	-	-	-
USDTbacked byWBTC 86% LLTV	84.68k	84.68k	296.93k	$49.99M	2.87%	90.00%
USDTbacked bycbBTC 86% LLTV	72k	72k	3.94M	$49.99M	2.69%	86.83%

Date	Allocator	Amount	Market
2026-09-14 13:45:47	Public Allocator	+116,374.39 USDT+$116.35k	USDTbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-14 13:45:47	Public Allocator	-116,374.39 USDT-$116.35k	USDTbacked byWBTC 86% LLTV
2026-09-13 23:26:11		+49,872.92 USDT+$49.86k	USDTIdle Liquidity
2026-09-13 23:26:11		-49,872.92 USDT-$49.86k	USDTbacked bysyrupUSDT 91.5% LLTV
2026-09-13 22:56:35		+67,809.18 USDT+$67.80k	USDTIdle Liquidity

User	Deposit	% of Deposits
	20,205,495.75 USDT$20.20M	86.95%
	1,242,349.82 USDT$1.24M	5.34%
	420,332.76 USDT$420.27k	1.80%
	311,568.5 USDT$311.52k	1.34%
	307,716.68 USDT$307.67k	1.32%

Date	Type	Amount
2026-09-11 15:45:23	Vault Withdraw	11,882.37 USDT$11.88k
2026-09-09 17:03:59	Vault Withdraw	20,000 USDT$19.99k
2026-09-08 20:48:11	Vault Withdraw	12.249 USDT$12.24
2026-09-08 20:48:11	Vault Transfer	-
2026-09-08 20:31:59	Vault Deposit	12.249 USDT$12.24
2026-09-08 14:17:47	Vault Withdraw	91,010.46 USDT$90.99k
2026-09-07 15:32:11	Vault Deposit	91,000 USDT$90.98k
2026-09-07 15:03:11	Vault Withdraw	35,000 USDT$34.99k
2026-09-07 12:58:47	Vault Withdraw	6,250 USDT$6249.20
2026-09-07 12:58:11	Vault Withdraw	6,250 USDT$6249.20

User	Deposit	% of Deposits
	20,205,495.75 USDT$20.20M	86.95%
	1,242,349.82 USDT$1.24M	5.34%
	420,332.76 USDT$420.27k	1.80%
	311,568.5 USDT$311.52k	1.34%
	307,716.68 USDT$307.67k	1.32%

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDT

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDT