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

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

Vault Roles

Risk Curation

Timelocks

Activity

User Distribution

All Transactions

Markets	Allocation (%)	Allocation (USDT)	Liquidity (USDT)	Underlying Liquidity (USDT)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDTbacked bywstETH 86% LLTV	46.92%	31.85M	19.59M	19.59M	85.43%	1B	100%	2.50%
USDTbacked byWBTC 86% LLTV	29.68%	20.15M	12.92M	12.92M	85.23%	500M	100%	2.50%
USDTbacked bycbBTC 86% LLTV	12.75%	8.65M	4.93M	4.93M	86.05%	100M	100%	2.55%
USDTbacked bysUSDS 96.5% LLTV	7.43%	5.04M	2.09M	2.09M	85.67%	500M	100%	2.49%
USDTbacked byWBTC 86% LLTV	2.17%	1.47M	490.56k	490.56k	84.72%	500M	100%	2.48%
USDTbacked byXAUt 77% LLTV	0.71%	483.88k	483.88k	615.47k	82.27%	10M	100%	3.11%
USDTbacked bywstETH 86% LLTV	0.3%	203.19k	203.19k	428.93k	82.70%	1B	100%	2.37%
USDTbacked bycbBTC 86% LLTV	0.04%	26.35k	26.35k	120.62k	86.70%	100M	100%	2.48%
USDTbacked byweETH 77% LLTV	0%	0.09	0.09	0.18	83.24%	20M	100%	2.34%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Date	Amount	Vault / Market
2026-09-20 13:44:35	-20,000 USDT-$19.99k	USDTbacked bywstETH 86% LLTV
2026-09-20 13:40:11	-2,500 USDT-$2499.15	USDTbacked bywstETH 86% LLTV
2026-09-20 13:14:23	+50 USDT+$49.98	USDTbacked bywstETH 86% LLTV
2026-09-20 13:09:47	-23,500.66 USDT-$23.49k	USDTbacked bywstETH 86% LLTV
2026-09-20 11:33:11	+993.071 USDT+$992.73	USDTbacked bywstETH 86% LLTV

User	Deposit	% of Deposits
	26,425,493.23 USDT$26.41M	38.92%
	17,236,679.74 USDT$17.23M	25.38%
	10,001,306.22 USDT$9.99M	14.73%
	4,072,576.06 USDT$4.07M	5.99%
	3,033,170.57 USDT$3.03M	4.46%

Date	Type	Amount
2026-09-20 13:44:35	Withdraw	20,000 USDT$19.99k
2026-09-20 13:40:11	Withdraw	2,500 USDT$2499.15
2026-09-20 13:14:23	Deposit	50 USDT$49.98
2026-09-20 13:09:47	Withdraw	23,500.66 USDT$23.49k
2026-09-20 11:33:11	Deposit	993.071 USDT$992.73
2026-09-20 11:25:11	Deposit	1,677.58 USDT$1677.01
2026-09-20 11:04:47	Transfer	-
2026-09-20 11:04:47	Transfer	-
2026-09-20 09:49:59	Deposit	426.242 USDT$426.09
2026-09-20 09:49:59	Withdraw	419.851 USDT$419.70

Markets	Allocation (%)	Allocation (USDT)	Liquidity (USDT)	Underlying Liquidity (USDT)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDTbacked bywstETH 86% LLTV	46.92%	31.85M	19.59M	19.59M	85.43%	1B	100%	2.50%
USDTbacked byWBTC 86% LLTV	29.68%	20.15M	12.92M	12.92M	85.23%	500M	100%	2.50%
USDTbacked bycbBTC 86% LLTV	12.75%	8.65M	4.93M	4.93M	86.05%	100M	100%	2.55%
USDTbacked bysUSDS 96.5% LLTV	7.43%	5.04M	2.09M	2.09M	85.67%	500M	100%	2.49%
USDTbacked byWBTC 86% LLTV	2.17%	1.47M	490.56k	490.56k	84.72%	500M	100%	2.48%
USDTbacked byXAUt 77% LLTV	0.71%	483.88k	483.88k	615.47k	82.27%	10M	100%	3.11%
USDTbacked bywstETH 86% LLTV	0.3%	203.19k	203.19k	428.93k	82.70%	1B	100%	2.37%
USDTbacked bycbBTC 86% LLTV	0.04%	26.35k	26.35k	120.62k	86.70%	100M	100%	2.48%
USDTbacked byweETH 77% LLTV	0%	0.09	0.09	0.18	83.24%	20M	100%	2.34%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SteakhousePrime USDT

Overview

Allocation

Performance

Risk

Activity

SteakhousePrime USDT