SteakhouseConfidential Prime USDC

Ethereum

Steakhouse Confidential Prime USDC vault aims to optimize yield by lending USDC against blue chip collaterals. Users can deposit Confidential USDC cUSDC in batches via the Zama app at app.zama.org.

Total Deposits

$31.45M

31.46M USDC

Liquidity

$30.35M

30.36M USDC

Exposure

Net APY

7.19

%

Capped

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-06-19

Curator TVL

$2.27B

Total Deposits (USD)

$31.45M

Net APY

7.19%

Capped

APY Breakdown

Vault Net APY

7.19%

Performance Fee

0%

Management Fee

0%

Includes donations

Capped at 7.19% max APY

Allocation

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked bycbBTC 86% LLTV	100%	31.46M	30.35M	30.35M	90.97%	500M	100%	5.45%
USDCbacked bywstETH 86% LLTV	0.05%	14.38k	14.38k	2.72M	91.07%	500M	100%	5.53%
USDCbacked byWETH 86% LLTV	0%	< 0.01	< 0.01	463.18k	91.13%	500M	100%	5.63%
Idle Liquidity
	0%	259.81	259.81	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-17 12:40:23	-702,163.35 USDC-$701.85k	USDCbacked bycbBTC 86% LLTV
2026-09-17 11:08:47	-61,136.46 USDC-$61.10k	USDCbacked bycbBTC 86% LLTV
2026-09-16 22:53:11	-54,235.26 USDC-$54.21k	USDCbacked bycbBTC 86% LLTV
2026-09-16 16:39:47	-14,947.62 USDC-$14.94k	USDCbacked bycbBTC 86% LLTV
2026-09-16 15:04:47	+50.001 USDC+$49.97	USDCbacked bycbBTC 86% LLTV

1

Performance

Position Unit Price (USDC)

1.020932

Returns

Instant APY

7.19%

7D APY

7.19%

30D APY

7.19%

90D APY

8.81%

Fees

Performance fee

0%

Management fee

0%

Performance fee recipient

No address

Management fee recipient

Returns

Instant APY

7D APY

30D APY

90D APY

Fees

Performance fee

Management fee

Performance fee recipient

Management fee recipient

Risk

Risk Disclosures

Curator has not submitted a Disclosure.

Ratings

No ratings available for this vault.

Ratings

Vault Roles

Owner

0x4D7bd498Bb24098Ca281C05519629c605407f71d

Curator

SAFE 2/7

Sentinel 1

SAFE 1/7

Sentinel 2

0x4D7bd498Bb24098Ca281C05519629c605407f71d

Risk Curation

Allocator 1

SAFE 1/7

Allocator 2

0x00b8e1509398ED692C3F326CbAf1694F9A881e27

Allocator 3

0xBBF1ad10455EeD600Cd78A1702F7AcA41C9aBceb

Allocator 4

0xaaD84c80b013c34D70E54fB343D0C2f309F635E7

Allocator 5

0xfC580f2a77e85f1F47b60F096D36fDc97cE2d827

Allocator 6

0xfeed46c11F57B7126a773EeC6ae9cA7aE1C03C9a

Timelocks

These timelocks show how much time lenders have to review upcoming increases to vault exposure, including new adapters or higher limits for a vault's allocation strategy.

Add adapter

Time before a curator can enable a new adapter to the vault

7 days

Increase absolute cap

Time before a curator can raise the maximum amount supplied to an allocation

7 days

Increase relative cap

Time before a curator can raise the maximum share of the vault supplied to an allocation

7 days

Activity

User Distribution

User	Deposit	% of Deposits
	30,073,701.28 USDC$30.06M	95.57%
	315,928.27 USDC$315.79k	1.00%
	240,206.51 USDC$240.10k	0.76%
	175,662.76 USDC$175.58k	0.55%
	155,233.32 USDC$155.16k	0.49%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-17 12:40:23	Withdraw	702,293.25 USDC$701.98k
2026-09-17 11:08:47	Withdraw	62,711.96 USDC$62.68k
2026-09-17 11:08:47	Transfer	-
2026-09-17 05:22:47	Withdraw	113.328 USDC$113.27
2026-09-17 05:22:23	Transfer	-
2026-09-16 22:53:11	Withdraw	55,014.72 USDC$54.99k
2026-09-16 22:52:47	Transfer	-
2026-09-16 16:39:47	Withdraw	15,216.12 USDC$15.20k
2026-09-16 16:39:35	Transfer	-
2026-09-16 15:04:47	Transfer	-

1

All Transactions

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

Capped

7.19%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

This vault's APY is capped at a max rate of 7.19% APY.

Ratings

No ratings available for this vault.

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked bycbBTC 86% LLTV	100%	31.46M	30.35M	30.35M	90.97%	500M	100%	5.45%
USDCbacked bywstETH 86% LLTV	0.05%	14.38k	14.38k	2.72M	91.07%	500M	100%	5.53%
USDCbacked byWETH 86% LLTV	0%	< 0.01	< 0.01	463.18k	91.13%	500M	100%	5.63%
Idle Liquidity
	0%	259.81	259.81	-	-	-	-	-

Allocation History

Position Unit Price (USDC)

1.020932

Total Deposits (USD)

$31.45M

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

Capped

7.19%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

This vault's APY is capped at a max rate of 7.19% APY.

User Distribution

User	Deposit	% of Deposits
	30,073,701.28 USDC$30.06M	95.57%
	315,928.27 USDC$315.79k	1.00%
	240,206.51 USDC$240.10k	0.76%
	175,662.76 USDC$175.58k	0.55%
	155,233.32 USDC$155.16k	0.49%

of

Owner

0x4D7bd498Bb24098Ca281C05519629c605407f71d

Curator

SAFE 2/7

Sentinel 1

SAFE 1/7

Sentinel 2

0x4D7bd498Bb24098Ca281C05519629c605407f71d

Morpho vault version

v2

Vault deployment date

2026-06-19

Curator TVL

$2.27B

Allocator 1

SAFE 1/7

Allocator 2

0x00b8e1509398ED692C3F326CbAf1694F9A881e27

Allocator 3

0xBBF1ad10455EeD600Cd78A1702F7AcA41C9aBceb

Allocator 4

0xaaD84c80b013c34D70E54fB343D0C2f309F635E7

Allocator 5

0xfC580f2a77e85f1F47b60F096D36fDc97cE2d827

Allocator 6

0xfeed46c11F57B7126a773EeC6ae9cA7aE1C03C9a

These timelocks show how much time lenders have to review upcoming increases to vault exposure, including new adapters or higher limits for a vault's allocation strategy.

Add adapter

Time before a curator can enable a new adapter to the vault

7 days

Increase absolute cap

Time before a curator can raise the maximum amount supplied to an allocation

7 days

Increase relative cap

Time before a curator can raise the maximum share of the vault supplied to an allocation

7 days

Date	Amount	Vault / Market
2026-09-17 12:40:23	-702,163.35 USDC-$701.85k	USDCbacked bycbBTC 86% LLTV
2026-09-17 11:08:47	-61,136.46 USDC-$61.10k	USDCbacked bycbBTC 86% LLTV
2026-09-16 22:53:11	-54,235.26 USDC-$54.21k	USDCbacked bycbBTC 86% LLTV
2026-09-16 16:39:47	-14,947.62 USDC-$14.94k	USDCbacked bycbBTC 86% LLTV
2026-09-16 15:04:47	+50.001 USDC+$49.97	USDCbacked bycbBTC 86% LLTV

1

All Transactions

Date	Type	Amount
2026-09-17 12:40:23	Withdraw	702,293.25 USDC$701.98k
2026-09-17 11:08:47	Withdraw	62,711.96 USDC$62.68k
2026-09-17 11:08:47	Transfer	-
2026-09-17 05:22:47	Withdraw	113.328 USDC$113.27
2026-09-17 05:22:23	Transfer	-
2026-09-16 22:53:11	Withdraw	55,014.72 USDC$54.99k
2026-09-16 22:52:47	Transfer	-
2026-09-16 16:39:47	Withdraw	15,216.12 USDC$15.20k
2026-09-16 16:39:35	Transfer	-
2026-09-16 15:04:47	Transfer	-

1

Returns

Instant APY

7.19%

7D APY

7.19%

30D APY

7.19%

90D APY

8.81%

Fees

Performance fee

0%

Management fee

0%

Performance fee recipient

No address

Management fee recipient

Net APY

7.19%

Capped

APY Breakdown

Vault Net APY

7.19%

Performance Fee

0%

Management Fee

0%

Includes donations

Capped at 7.19% max APY

SteakhouseConfidential Prime USDC

Ethereum

Steakhouse Confidential Prime USDC vault aims to optimize yield by lending USDC against blue chip collaterals. Users can deposit Confidential USDC cUSDC in batches via the Zama app at app.zama.org.

Total Deposits

$31.45M

31.46M USDC

Liquidity

$30.35M

30.36M USDC

Exposure

Net APY

7.19

%

Capped