Waterline

Reservoir USDC

The Reservoir USDC vault aims to optimize yield on USDC lending against a wide range of collateral assets from the Reservoir ecosystem.

Overview

Vault Configuration

Allocation

Exposure

Performance

Returns

Instant APY

7D APY

30D APY

90D APY

Fees

Performance fee

Management fee

Performance fee recipient

Management fee recipient

Risk

Risk Disclosures

Ecosystem Vaults are designed to support partner protocols by accepting their ecosystem assets as collateral, creating aligned liquidity while broadening market participation. Because these vaults are directly linked to the performance and liquidity of a limited number of issuers, depositors may be exposed to higher volatility, concentration risk, or liquidity fluctuations compared to vaults backed by more diversified assets.

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

Vault Roles

Risk Curation

Timelocks

Activity

User Distribution

All Transactions

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked bywsrUSD 94.5% LLTV	90.18%	11.43M	1.12M	1.12M	90.57%	1B	100%	6.26%
USDCbacked bywsrUSD 94.5% LLTV	90.18%	11.43M	1.12M	1.12M	90.57%	1B	100%	6.26%
USDCbacked byaguaUSDCgc 91.5% LLTV	9.82%	1.24M	161.46k	161.46k	91.14%	100M	100%	6.41%
USDCbacked byaguaUSDCgc 91.5% LLTV	9.82%	1.24M	161.46k	161.46k	91.14%	100M	100%	6.41%
USDCbacked bywsrUSD 91.5% LLTV	0%	1.42	0.21	0.21	91.21%	100M	100%	7.44%
USDCbacked bywsrUSD 91.5% LLTV	0%	1.42	0.21	0.21	91.21%	100M	100%	7.44%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Date	Amount	Vault / Market
2026-10-07 19:05:11	+0.08 USDC+$0.07	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 18:28:35	-2,023.25 USDC-$2022.79	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 14:24:23	-0.234 USDC-$0.23	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 10:11:59	-2,500 USDC-$2499.43	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 08:10:47	+1,940.54 USDC+$1940.10	USDCbacked bywsrUSD 94.5% LLTV

User	Deposit	% of Deposits
	3,105,850.22 USDC$3.10M	24.48%
	1,432,446.27 USDC$1.43M	11.29%
	618,941.89 USDC$618.80k	4.87%
	583,109.06 USDC$582.97k	4.59%
	550,940.05 USDC$550.81k	4.34%

Date	Type	Amount
2026-10-07 19:05:11	Deposit	0.08 USDC$0.07
2026-10-07 18:28:35	Withdraw	2,023.25 USDC$2022.79
2026-10-07 14:24:23	Withdraw	0.234 USDC$0.23
2026-10-07 10:11:59	Withdraw	2,500 USDC$2499.43
2026-10-07 08:10:47	Deposit	1,940.54 USDC$1940.10
2026-10-07 07:56:59	Withdraw	1.664 USDC$1.66
2026-10-07 07:56:59	Transfer	-
2026-10-07 07:44:11	Deposit	1.125 USDC$1.12
2026-10-07 07:35:59	Deposit	0.538 USDC$0.53
2026-10-07 06:40:47	Deposit	50 USDC$49.98

Date	Amount	Vault / Market
2026-10-07 19:05:11	+0.08 USDC+$0.07	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 18:28:35	-2,023.25 USDC-$2022.79	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 14:24:23	-0.234 USDC-$0.23	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 10:11:59	-2,500 USDC-$2499.43	USDCbacked bywsrUSD 94.5% LLTV
2026-10-07 08:10:47	+1,940.54 USDC+$1940.10	USDCbacked bywsrUSD 94.5% LLTV

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

WaterlineReservoir USDC

Overview

Allocation

Performance

Risk

Activity

WaterlineReservoir USDC