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	2.37M	2.37M	$29.99M	7.72%	90.95%
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	3.3M	3.3M	10.12M	$9.99M	7.55%	90.12%
USDCbacked bywFalconX 91.5% LLTV	2.72M	2.67M	2.67M	$9.99M	4.90%	88.60%
USDCbacked byAA_FalconXUSDC 77% LLTV	1.34M	1.34M	3.51M	$29.99M	6.23%	90.29%
USDCbacked byreUSD 91.5% LLTV	915.95k	915.95k	1M	$19.99M	5.38%	88.26%
USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV	867.53k	867.53k	1.5M	$9.99M	5.21%	90.69%
USDCbacked bysteakEURCV 91.5% LLTV	11.27k	11.27k	1.38M	$9.99M	4.14%	89.21%
USDCbacked bywstETH 86% LLTV	8874.95	8874.95	1.01M	$49.98M	4.14%	89.71%
USDCbacked bycbBTC 86% LLTV	2917.29	2917.29	58.85k	$49.98M	4.15%	90.91%
USDCbacked byweETH 86% LLTV	2322.56	2322.56	242.34k	$19.99M	4.14%	89.13%

Date	Allocator	Amount	Market
2026-09-20 10:05:11	Public Allocator	+123,961.42 USDC+$123.92k	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 10:05:11	Public Allocator	-123,961.42 USDC-$123.92k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 10:03:59		+1.589 USDC+$1.58	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 10:03:59		+123,977.3 USDC+$123.94k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 10:03:59		+2,245.13 USDC+$2244.47	USDCbacked byAA_FalconXUSDC 77% LLTV

User	Deposit	% of Deposits
	3,369,291.78 USDC$3.36M	24.55%
	1,595,916.71 USDC$1.59M	11.63%
	977,661.13 USDC$977.37k	7.12%
	748,222.96 USDC$748.00k	5.45%
	551,462.01 USDC$551.29k	4.01%

Date	Type	Amount
2026-09-20 10:36:11	Vault Deposit	97.292 USDC$97.26
2026-09-20 10:36:11	Vault Withdraw	107.613 USDC$107.57
2026-09-20 08:49:35	Vault Deposit	40.988 USDC$40.97
2026-09-20 08:39:47	Vault Withdraw	40.988 USDC$40.97
2026-09-20 06:00:11	Vault Transfer	-
2026-09-20 05:51:47	Vault Deposit	92.857 USDC$92.82
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

Date	Allocator	Amount	Market
2026-09-20 10:05:11	Public Allocator	+123,961.42 USDC+$123.92k	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 10:05:11	Public Allocator	-123,961.42 USDC-$123.92k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 10:03:59		+1.589 USDC+$1.58	USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV
2026-09-20 10:03:59		+123,977.3 USDC+$123.94k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-20 10:03:59		+2,245.13 USDC+$2244.47	USDCbacked byAA_FalconXUSDC 77% LLTV

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDC

Overview

Allocation

Performance

Risk

Activity

SmokehouseUSDC