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 (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Supply Cap	APY	Utilization
USDCbacked bymF-ONE 91.5% LLTV	4.52M	2.21M	2.21M	$29.99M	8.76%	91.48%
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	3.3M	3.3M	9.68M	$9.99M	8.52%	90.53%
USDCbacked bywFalconX 91.5% LLTV	2.73M	2.68M	2.68M	$9.99M	4.90%	88.57%
USDCbacked byAA_FalconXUSDC 77% LLTV	1.36M	1.36M	3.49M	$29.99M	6.35%	90.36%
USDCbacked byreUSD 91.5% LLTV	915.93k	915.93k	999.99k	$19.99M	5.38%	88.26%
USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV	867.49k	867.49k	1.63M	$9.99M	4.26%	90.00%
USDCbacked bycbBTC 86% LLTV	3824.19	3824.19	58.91k	$49.98M	4.13%	90.90%
USDCbacked byTSLAon 62.5% LLTV	70.98	10.48	10.48	$4.99M	4.24%	90.00%
USDCbacked byWBTC 86% LLTV	0	0	236.81k	$49.98M	4.02%	88.19%
USDCbacked byUSCC 91.5% LLTV	0	0	0.26	$4.99M	2.88%	80.19%

Date	Allocator	Amount	Market
2026-09-20 07:05:35	Public Allocator	+124,767.39 USDC+$124.72k	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 07:05:35	Public Allocator	-124,767.39 USDC-$124.72k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 07:04:23		+2.551 USDC+$2.55	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 07:04:23		+126,356.18 USDC+$126.31k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 07:04:23		+10,220.89 USDC+$10.21k	USDCbacked byAA_FalconXUSDC 77% LLTV

User	Deposit	% of Deposits
	3,369,223.99 USDC$3.36M	24.55%
	1,595,879.71 USDC$1.59M	11.63%
	977,638.46 USDC$977.31k	7.12%
	748,205.62 USDC$747.95k	5.45%
	551,449.22 USDC$551.26k	4.01%

Date	Type	Amount
2026-09-20 06:00:11	Vault Transfer	-
2026-09-20 05:51:47	Vault Deposit	92.857 USDC$92.83
2026-09-20 05:51:47	Vault Withdraw	102.708 USDC$102.67
2026-09-20 00:53:47	Vault Deposit	95.571 USDC$95.54
2026-09-20 00:53:47	Vault Withdraw	105.709 USDC$105.67
2026-09-19 23:55:23	Vault Withdraw	0.01 USDC$< 0.01
2026-09-19 23:55:11	Vault Withdraw	0.01 USDC$0.01
2026-09-19 20:59:35	Vault Deposit	1,402.62 USDC$1402.22
2026-09-19 19:58:47	Vault Deposit	6,793.09 USDC$6791.12
2026-09-19 19:56:47	Vault Deposit	105.67 USDC$105.64

Date	Allocator	Amount	Market
2026-09-20 07:05:35	Public Allocator	+124,767.39 USDC+$124.72k	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 07:05:35	Public Allocator	-124,767.39 USDC-$124.72k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 07:04:23		+2.551 USDC+$2.55	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 07:04:23		+126,356.18 USDC+$126.31k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 07:04:23		+10,220.89 USDC+$10.21k	USDCbacked byAA_FalconXUSDC 77% LLTV

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDC

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDC