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	23.56M	23.56M	33.17M	$999.7M	4.50%	90.14%
USDCbacked byweETH 86% LLTV	13.69M	4.45M	4.45M	$99.97M	4.37%	89.80%
USDCbacked bysteakEURCV 91.5% LLTV	12.12M	1.24M	1.24M	$24.99M	4.37%	89.78%
USDCbacked byWBTC 86% LLTV	10.33M	10.33M	14.64M	$199.94M	4.27%	88.78%
USDCbacked bywstETH 86% LLTV	2.97M	2.97M	3.2M	$199.94M	4.47%	90.13%
USDCbacked bywstETH 86% LLTV	1.42M	1.26M	1.26M	$199.94M	4.37%	90.00%
USDCbacked byWETH 86% LLTV	646.23k	646.23k	1.12M	$199.94M	4.26%	88.27%
USDCbacked byWBTC 86% LLTV	164.72k	149.98k	149.98k	$199.94M	4.37%	90.02%
USDCbacked byweETH 77% LLTV	8768.27	8768.27	45.02k	$19.99M	4.20%	90.62%
USDCbacked bycbBTC 86% LLTV	776.8	776.8	86.95k	$999.7M	4.30%	90.51%

Date	Amount	Market
2026-10-07 23:03:11	+1.042 USDC+$1.04	USDCbacked bycbBTC 86% LLTV
2026-10-07 23:03:11	+181,239.08 USDC+$181.18k	USDCbacked bywstETH 86% LLTV
2026-10-07 23:03:11	+169,513.92 USDC+$169.46k	USDCbacked byWBTC 86% LLTV
2026-10-07 23:03:11	+98,760.71 USDC+$98.73k	USDCbacked byWETH 86% LLTV
2026-10-07 23:03:11	+869.11 USDC+$868.85	USDCbacked byweETH 77% LLTV

User	Deposit	% of Deposits
	30,451,136.21 USDC$30.44M	46.89%
	4,140,633.11 USDC$4.13M	6.37%
	3,788,004.31 USDC$3.78M	5.83%
	2,394,043.49 USDC$2.39M	3.68%
	1,631,555.02 USDC$1.63M	2.51%

Date	Type	Amount
2026-10-07 22:28:35	Vault Deposit	100 USDC$99.97
2026-10-07 20:53:35	Vault Withdraw	5 USDC$4.99
2026-10-07 20:28:11	Vault Withdraw	10,140.04 USDC$10.13k
2026-10-07 19:12:35	Vault Withdraw	10,056.96 USDC$10.05k
2026-10-07 19:08:59	Vault Withdraw	5,011.95 USDC$5010.49
2026-10-07 18:27:23	Vault Withdraw	2,727.11 USDC$2726.31
2026-10-07 17:53:47	Vault Withdraw	3,037.42 USDC$3036.54
2026-10-07 17:53:47	Vault Transfer	-
2026-10-07 17:48:35	Vault Withdraw	217,548.3 USDC$217.48k
2026-10-07 17:48:35	Vault Transfer	-

User	Deposit	% of Deposits
	30,451,136.21 USDC$30.44M	46.89%
	4,140,633.11 USDC$4.13M	6.37%
	3,788,004.31 USDC$3.78M	5.83%
	2,394,043.49 USDC$2.39M	3.68%
	1,631,555.02 USDC$1.63M	2.51%

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SteakhouseUSDC

Overview

Allocation

Performance

Risk

Activity

SteakhouseUSDC