Overview

Allocation

Performance

Returns

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

Risk Curation

Activity

User Distribution

All Transactions

Market Exposure	Vault Allocation (vbUSDC)	Liquidity (vbUSDC)	Underlying Liquidity (vbUSDC)	Supply Cap	APY	Utilization
vbUSDCbacked byvbWBTC 86% LLTV	5.34M	3.87M	3.87M	$199.93M	2.10%	63.82%
vbUSDCbacked byvbETH 86% LLTV	182.86k	182.86k	407.69k	$199.93M	4.61%	48.04%
vbUSDCbacked byBTC.b 77% LLTV	0	0	0.96	$9.99M	< 0.01%	13.23%
vbUSDCIdle Liquidity	0	0	-	-	-	-
vbUSDCbacked byweETH 77% LLTV	0	0	53.23k	$4.99M	5.15%	0.64%

Date	Amount	Market
2026-09-17 19:42:51	+0.018 vbUSDC+$0.01	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 19:42:51	+130,346 vbUSDC+$130.30k	vbUSDCbacked byvbETH 86% LLTV
2026-09-17 19:42:51	-130,346.02 vbUSDC-$130.30k	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:09:25	+0.028 vbUSDC+$0.02	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:09:25	+37,870.62 vbUSDC+$37.85k	vbUSDCbacked byvbETH 86% LLTV

User	Deposit	% of Deposits
	1,313,804.67 vbUSDC$1.31M	21.04%
	1,014,706.11 vbUSDC$1.01M	16.25%
	1,009,038.34 vbUSDC$1.00M	16.16%
	650,537.96 vbUSDC$650.33k	10.41%
	505,276.64 vbUSDC$505.11k	8.09%

Date	Type	Amount
2026-09-20 07:49:42	Vault Transfer	-
2026-09-20 07:49:42	Vault Withdraw	9,036.3 vbUSDC$9033.48
2026-09-20 07:49:42	Vault Transfer	-
2026-09-20 07:35:24	Vault Transfer	-
2026-09-20 07:35:24	Vault Withdraw	9,036.43 vbUSDC$9033.61
2026-09-20 07:35:24	Vault Transfer	-
2026-09-20 07:21:59	Vault Transfer	-
2026-09-20 07:21:59	Vault Withdraw	9,036.43 vbUSDC$9033.60
2026-09-20 07:21:59	Vault Transfer	-
2026-09-20 07:21:02	Vault Transfer	-

Date	Amount	Market
2026-09-17 19:42:51	+0.018 vbUSDC+$0.01	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 19:42:51	+130,346 vbUSDC+$130.30k	vbUSDCbacked byvbETH 86% LLTV
2026-09-17 19:42:51	-130,346.02 vbUSDC-$130.30k	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:09:25	+0.028 vbUSDC+$0.02	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:09:25	+37,870.62 vbUSDC+$37.85k	vbUSDCbacked byvbETH 86% LLTV

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

SteakhousePrime USDC

Overview

Allocation

Performance

Risk

Activity

SteakhousePrime USDC