Morpho Vaults | Steakhouse High Yield USDC

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 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

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 bymF-ONE 91.5% LLTV	33.01%	13.8M	2.37M	2.37M	90.39%	30M	100%	6.46%
USDCbacked bycbBTC 86% LLTV	25.52%	10.67M	10.67M	33.44M	90.15%	50M	100%	4.27%
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	23.91%	9.99M	9.99M	13.05M	86.74%	10M	100%	6.77%
USDCbacked bywFalconX 91.5% LLTV	13.68%	5.71M	2.64M	2.64M	87.88%	20M	100%	4.86%
USDCbacked byweETH 86% LLTV	3.47%	1.45M	145.98k	145.98k	90.14%	20M	100%	4.26%
USDCbacked byAA_FalconXUSDC 77% LLTV	0.4%	166.49k	166.49k	3.53M	90.20%	30M	100%	5.83%
USDCbacked byreUSD 91.5% LLTV	0.01%	2509.61	2509.61	1M	85.39%	20M	100%	5.26%
USDCbacked byweETH 86% LLTV	0%	1847	1847	1870.26	90.05%	20M	100%	4.21%
USDCbacked byTSLAon 62.5% LLTV	0%	13.21	10.27	10.27	90.17%	25M	100%	4.37%
USDCbacked byFLHYon 86% LLTV	0%	5.58	5.54	5.54	90.20%	20M	100%	4.34%
USDCbacked byPT-srUSDe-2APR2026 91.5% LLTV	0%	< 0.01	< 0.01	0.13	98.67%	0	0%	> 1000.00%
USDCbacked byPT-USDG-28MAY2026 94.5% LLTV	0%	0	0	209.24	85.71%	50M	100%	13.74%
USDCbacked byPT-stcUSD-23JUL2026 91.5% LLTV	0%	0	0	0.99	50.76%	50M	100%	0.03%
USDCbacked byPT-USDG-24SEP2026 91.5% LLTV	0%	0	0	413.49k	90.00%	10M	100%	1.81%
USDCbacked bytBTC 77% LLTV	0%	0	0	71.61k	90.03%	5M	100%	4.26%
USDCbacked bycbBTC 86% LLTV	0%	0	0	203.6k	24.30%	50M	100%	0.42%
USDCbacked bysyrupUSDC 91.5% LLTV	0%	0	0	2534.33	90.47%	20M	100%	4.01%
USDCbacked byUSCC 91.5% LLTV	0%	0	0	0.26	80.18%	5M	100%	2.98%
USDCbacked bystcUSD 91.5% LLTV	0%	0	0	2.32	52.08%	30M	100%	0.03%
USDCbacked byPT-cUSD-23JUL2026 91.5% LLTV	0%	0	0	5.06	51.50%	50M	100%	68.33%
USDCbacked bysUSDe 91.5% LLTV	0%	0	0	4322.01	54.72%	50M	100%	0.11%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Date	Amount	Vault / Market
2026-09-15 07:05:23	-73.889 USDC-$73.87	USDCbacked bycbBTC 86% LLTV
2026-09-15 07:01:23	-13,000 USDC-$12.99k	USDCbacked bycbBTC 86% LLTV
2026-09-15 06:43:47	-1,060.01 USDC-$1059.86	USDCbacked bycbBTC 86% LLTV
2026-09-15 06:39:35	+2,509.49 USDC+$2509.15	USDCbacked byreUSD 91.5% LLTV
2026-09-15 06:39:35	+5,702.7 USDC+$5701.91	USDCbacked byweETH 86% LLTV

User	Deposit	% of Deposits
	8,172,210.57 USDC$8.17M	19.54%
	4,008,260.01 USDC$4.00M	9.58%
	3,484,977.92 USDC$3.48M	8.33%
	1,507,515.63 USDC$1.50M	3.60%
	1,454,178.31 USDC$1.45M	3.47%

Date	Type	Amount
2026-09-15 07:05:23	Withdraw	73.889 USDC$73.87
2026-09-15 07:01:23	Withdraw	13,000 USDC$12.99k
2026-09-15 06:43:47	Withdraw	1,060.01 USDC$1059.88
2026-09-15 06:17:59	Deposit	10,000 USDC$9998.74
2026-09-15 06:00:47	Withdraw	12.802 USDC$12.80
2026-09-15 06:00:23	Transfer	-
2026-09-15 03:00:23	Withdraw	73,272.03 USDC$73.26k
2026-09-15 00:31:35	Deposit	1,581.34 USDC$1581.14
2026-09-14 21:22:11	Deposit	4,000 USDC$3999.49
2026-09-14 21:19:59	Deposit	650 USDC$649.91

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked bymF-ONE 91.5% LLTV	33.01%	13.8M	2.37M	2.37M	90.39%	30M	100%	6.46%
USDCbacked bycbBTC 86% LLTV	25.52%	10.67M	10.67M	33.44M	90.15%	50M	100%	4.27%
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	23.91%	9.99M	9.99M	13.05M	86.74%	10M	100%	6.77%
USDCbacked bywFalconX 91.5% LLTV	13.68%	5.71M	2.64M	2.64M	87.88%	20M	100%	4.86%
USDCbacked byweETH 86% LLTV	3.47%	1.45M	145.98k	145.98k	90.14%	20M	100%	4.26%
USDCbacked byAA_FalconXUSDC 77% LLTV	0.4%	166.49k	166.49k	3.53M	90.20%	30M	100%	5.83%
USDCbacked byreUSD 91.5% LLTV	0.01%	2509.61	2509.61	1M	85.39%	20M	100%	5.26%
USDCbacked byweETH 86% LLTV	0%	1847	1847	1870.26	90.05%	20M	100%	4.21%
USDCbacked byTSLAon 62.5% LLTV	0%	13.21	10.27	10.27	90.17%	25M	100%	4.37%
USDCbacked byFLHYon 86% LLTV	0%	5.58	5.54	5.54	90.20%	20M	100%	4.34%
USDCbacked byPT-srUSDe-2APR2026 91.5% LLTV	0%	< 0.01	< 0.01	0.13	98.67%	0	0%	> 1000.00%
USDCbacked byPT-USDG-28MAY2026 94.5% LLTV	0%	0	0	209.24	85.71%	50M	100%	13.74%
USDCbacked byPT-stcUSD-23JUL2026 91.5% LLTV	0%	0	0	0.99	50.76%	50M	100%	0.03%
USDCbacked byPT-USDG-24SEP2026 91.5% LLTV	0%	0	0	413.49k	90.00%	10M	100%	1.81%
USDCbacked bytBTC 77% LLTV	0%	0	0	71.61k	90.03%	5M	100%	4.26%
USDCbacked bycbBTC 86% LLTV	0%	0	0	203.6k	24.30%	50M	100%	0.42%
USDCbacked bysyrupUSDC 91.5% LLTV	0%	0	0	2534.33	90.47%	20M	100%	4.01%
USDCbacked byUSCC 91.5% LLTV	0%	0	0	0.26	80.18%	5M	100%	2.98%
USDCbacked bystcUSD 91.5% LLTV	0%	0	0	2.32	52.08%	30M	100%	0.03%
USDCbacked byPT-cUSD-23JUL2026 91.5% LLTV	0%	0	0	5.06	51.50%	50M	100%	68.33%
USDCbacked bysUSDe 91.5% LLTV	0%	0	0	4322.01	54.72%	50M	100%	0.11%
Idle Liquidity
	0%	0	0	-	-	-	-	-

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SteakhouseHigh Yield USDC

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SteakhouseHigh Yield USDC