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	7.34M	896.29k	896.29k	$19.99M	3.70%	88.98%
USDTbacked byPT-reUSD-10DEC2026 91.5% LLTV	4.66M	861.81k	861.81k	$9.99M	7.04%	88.58%
USDTbacked byreUSD 91.5% LLTV	3.03M	305.29k	305.29k	$19.99M	6.63%	90.82%
USDTbacked bycbBTC 86% LLTV	2.51M	2.51M	4.93M	$49.97M	2.55%	86.05%
USDTbacked byWBTC 86% LLTV	2.05M	2.05M	13.04M	$49.97M	2.50%	85.11%
USDTbacked bywstETH 86% LLTV	1.71M	1.71M	19.72M	$199.91M	2.50%	85.32%
USDTbacked byweETH 86% LLTV	1.52M	201.57k	201.57k	$19.99M	2.85%	89.84%
USDTbacked byWETH 86% LLTV	202.15k	31.69k	31.69k	$49.97M	2.77%	89.07%
USDTbacked bysUSDS 96.5% LLTV	127.55k	127.55k	2.09M	$49.97M	2.50%	85.67%
USDTbacked bysUSDe 91.5% LLTV	88.34k	28.26k	28.26k	$49.97M	2.87%	90.00%

Date	Allocator	Amount	Market
2026-09-19 11:29:23	Public Allocator	+8,038.78 USDT+$8035.71	USDTbacked bysUSDe 91.5% LLTV
2026-09-19 11:29:23	Public Allocator	-8,038.78 USDT-$8035.71	USDTbacked bywstETH 86% LLTV
2026-09-19 03:25:59	Public Allocator	+430,551.84 USDT+$430.38k	USDTbacked byweETH 86% LLTV
2026-09-19 03:25:59	Public Allocator	-430,551.84 USDT-$430.38k	USDTbacked bywstETH 86% LLTV
2026-09-18 18:51:59	Public Allocator	+3,333.43 USDT+$3332.15	USDTbacked byweETH 86% LLTV

User	Deposit	% of Deposits
	20,199,693.68 USDT$20.19M	86.53%
	1,243,082.85 USDT$1.24M	5.32%
	420,580.77 USDT$420.42k	1.80%
	311,752.34 USDT$311.63k	1.33%
	307,898.24 USDT$307.78k	1.31%

Date	Type	Amount
2026-09-20 03:57:47	Vault Deposit	100,277.87 USDT$100.23k
2026-09-20 03:57:47	Vault Withdraw	100,287.49 USDT$100.24k
2026-09-18 22:27:47	Vault Deposit	10,170.52 USDT$10.16k
2026-09-18 22:27:47	Vault Withdraw	10,171.5 USDT$10.16k
2026-09-18 08:48:11	Vault Withdraw	1,265.76 USDT$1265.25
2026-09-18 02:44:11	Vault Deposit	10,170.61 USDT$10.16k
2026-09-18 02:43:59	Vault Deposit	100,265.88 USDT$100.22k
2026-09-17 20:16:23	Vault Withdraw	597.264 USDT$597.02
2026-09-17 14:17:35	Vault Withdraw	677,313.13 USDT$677.03k
2026-09-17 09:54:23	Vault Withdraw	500,000 USDT$499.79k

User	Deposit	% of Deposits
	20,199,693.68 USDT$20.19M	86.53%
	1,243,082.85 USDT$1.24M	5.32%
	420,580.77 USDT$420.42k	1.80%
	311,752.34 USDT$311.63k	1.33%
	307,898.24 USDT$307.78k	1.31%

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDT

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDT