Morpho Watch

Steakhouse Financial

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Steakhouse Financial curates 62 listed Morpho vaults holding $2.74B on 8 networks. A curator chooses which markets its vaults lend to and sets a cap for each one; depositors earn what those loans pay, minus the curator's fee.

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Data from Morpho's API · updated

In their vaults

$2.74B

listed vaults only

Vaults

62

on 8 networks

Average net APY

4.18%

weighted by vault size

Best vault right now

7.11%

Steakhouse USDG Pro

Steakhouse Financial's vaults

Every listed vault Steakhouse Financial curates, largest first. Fees are the share of interest the curator keeps.

Vaults curated by Steakhouse Financial
Vault Deposits Net APY 30‑day APY Fee Withdrawable
Steakhouse USDGV2⚠ Deposits switched offSteakhouse Financial · Robinhood Chain · $528.0M $528.0M528.10M USDG 4.63% 4.07% 0% $50.88M
Grove x Steakhouse USDCV2Steakhouse Financial · Base · $523.7M $523.7M523.85M USDC 4.50% 5.22% 0% $286.7M
Steakhouse High Yield USDC EditionV2Steakhouse Financial · Base · $458.2M $458.2M458.33M USDC 3.33% 3.56% 25% $94.90M
Steakhouse Prime EURCVV2Steakhouse Financial · Ethereum · $158.7M $158.7M143.60M EURCV 3.00% 2.99% 0% $114.1M
Steakhouse Prime USDCV2Steakhouse Financial · Ethereum · $136.1M $136.1M136.18M USDC 4.38% 4.95% 0% $43.46M
Steakhouse Prime USDCV2Steakhouse Financial · Base · $134.1M $134.1M134.15M USDC 4.50% 5.22% 0% $121.0M
Steakhouse USDCSteakhouse Financial · Base · $104.5M $104.5M104.53M USDC 3.36% 3.87% 25% $104.5M
Ethena x Steakhouse USDCV2Steakhouse Financial · Base · $100.9M $100.9M100.92M USDC 3.98% 2.96% 5% $36.80M
Steakhouse USDG ProV2Steakhouse Financial · Arbitrum · $80.23M $80.23M80.24M USDG 7.11%incl. 4.50% rewards 2.72% 10% $13.92M
Steakhouse Prime USDTV2Steakhouse Financial · Ethereum · $75.64M $75.64M75.72M USDT 3.01% 3.94% 0% $22.55M
Steakhouse USDTSteakhouse Financial · Ethereum · $74.43M $74.43M74.51M USDT 2.86% 3.70% 5% $45.07M
Steakhouse USDCSteakhouse Financial · Ethereum · $66.58M $66.58M66.60M USDC 4.22% 4.69% 5% $56.18M
Grove x Steakhouse USDCV2Steakhouse Financial · Ethereum · $51.74M $51.74M51.75M USDC 4.43% 4.86% 0% $1.95M
Steakhouse High Yield USDCV2Steakhouse Financial · Ethereum · $42.73M $42.73M42.74M USDC 5.84% 6.62% 5% $4.45M
Steakhouse High Yield USDCV2Steakhouse Financial · Base · $25.51M $25.51M25.51M USDC 5.10% 6.05% 5% $9.53M
Steakhouse Prime ETHV2Steakhouse Financial · Ethereum · $24.11M $24.11M11.97K WETH 2.75% 1.92% 5% $5.28M
Steakhouse Confidential Prime USDCV2Steakhouse Financial · Ethereum · $22.75M $22.75M22.76M USDC 6.02% 6.23% 0% $16.64M
Steakhouse Prime ETHV2Steakhouse Financial · Monad · $20.30M $20.30M10.11K WETH 2.44%incl. 1.19% rewards 1.42% 10% $3.44M
Smokehouse USDTSteakhouse Financial · Ethereum · $20.20M $20.20M20.22M USDT 6.09% 4.61% 10% $14.44M
3F x Steakhouse USDCV2Steakhouse Financial · Ethereum · $15.61M $15.61M15.61M USDC 4.84% 5.02% 0% $4.45M
Steakhouse Prime USDCSteakhouse Financial · Base · $11.53M $11.53M11.54M USDC 4.27% 4.95% 5% $11.53M
Smokehouse USDCSteakhouse Financial · Ethereum · $10.74M $10.74M10.74M USDC 5.46% 6.20% 10% $10.74M
Vault Bridge USDCSteakhouse Financial · Ethereum · $9.43M $9.43M9.43M USDC 4.21% 4.61% 5% $9.43M
Steakhouse ETHSteakhouse Financial · Ethereum · $7.15M $7.15M3.55K WETH 2.75% 1.91% 5% $5.04M
Steakhouse Prime USDCV2Steakhouse Financial · Arc · $5.29M $5.29M5.29M USDC 3.44% 3.23% 0% $5.29M
Steakhouse tGBPV2Steakhouse Financial · Ethereum · $5.16M $5.16M3.90M tGBP 3.58%incl. 3.50% rewards 0.06% 0% $4.72M
Steakhouse Prime EURCV2Steakhouse Financial · Base · $2.66M $2.66M2.41M EURC 6.49% 3.53% 5% $367K
Steakhouse High Yield USDTV2Steakhouse Financial · Ethereum · $2.09M $2.09M2.09M USDT 6.90% 4.70% 5% $908K
Steakhouse Prime ETHV2Steakhouse Financial · Base · $1.96M $1.96M973.91 WETH 1.44% 1.49% 5% $626K
Steakhouse Prime USDCSteakhouse Financial · Katana · $1.77M $1.77M1.77M vbUSDC 2.18% 2.60% 10% $653K
Steakhouse High Yield USDCSteakhouse Financial · Arbitrum · $1.32M $1.32M1.32M USDC 6.14% 3.08% 10% $242K
Steakhouse EURCSteakhouse Financial · Base · $1.30M $1.30M1.17M EURC 6.49% 3.55% 5% $379K
Cronos USDCSteakhouse Financial · Ethereum · $1.27M $1.27M1.27M USDC 4.44% 4.85% 0% $1.27M
Bitget x Steakhouse USDTV2Steakhouse Financial · Arbitrum · $1.12M $1.12M1.12M USDT0 5.07% 2.40% 10% $60.7K
Steakhouse Prime XSGDV2Steakhouse Financial · Base · $1.08M $1.08M1.39M XSGD 0.29% 0.27% 0% $622K
Steakhouse Prime EURCV2Steakhouse Financial · Ethereum · $1.07M $1.07M971.09K EURC 2.41% 2.72% 0% $219K
Steakhouse Prime USDCV2Steakhouse Financial · Katana · $959K $959K959.28K vbUSDC 2.18% 2.56% 10% $653K
Steakhouse High Yield USDC v1.1Steakhouse Financial · Base · $942K $942K942.18K USDC 4.24% 5.82% 0% $942K
Steakhouse High Yield InstantV2Steakhouse Financial · Ethereum · $775K $775K776.09K AUSD 4.04% 2.58% 0% $182K
Bitget x Steakhouse USDCV2Steakhouse Financial · Arbitrum · $763K $763K762.86K USDC 5.57% 2.90% 10% $76.0K
Steakhouse Ethena USDtbSteakhouse Financial · Ethereum · $750K $750K750.35K USDtb 22.02% 8.07% 5% $36.7K
Steakhouse High Yield USDCV2Steakhouse Financial · Katana · $719K $719K719.70K vbUSDC 2.18% 2.56% 10% $653K
Steakhouse Prime InstantV2Steakhouse Financial · Ethereum · $335K $335K334.79K PYUSD 5.71% 6.11% 0% $25.5K
Smokehouse WSTETH⚠ Deposits switched offSteakhouse Financial · Ethereum · $211K $211K84.14 wstETH 0.00% 0.00% 10% $211K
Smokehouse DAI⚠ Deposits switched offSteakhouse Financial · Ethereum · $209K $209K208.98K DAI 0.00% 0.00% 5% $209K
Steakhouse ARSsV2Steakhouse Financial · Ethereum · $194K $194K299.51M ARSs 24.60% 25.18% 0% $213K
Farcaster x Steakhouse PrimeV2Steakhouse Financial · Base · $174K $174K173.84K USDC 4.50% 5.23% 0% $162K
Steakhouse High Yield USDCV2Steakhouse Financial · Arc · $163K $163K163.38K USDC 13.68% – 0% $107K
Steakhouse High Yield USDCV2Steakhouse Financial · Monad · $145K $145K145.11K USDC 4.24% 3.39% 10% $57.3K
Steakhouse High Yield AUSDV2Steakhouse Financial · Monad · $56.2K $56.2K56.29K AUSD 4.49% 4.28% 10% $6.3K
Grove x Steakhouse High Yield AUSDSteakhouse Financial · Monad · $45.4K $45.4K45.39K AUSD 5.01% 4.69% 0% $16.7K
Steakhouse ETH⚠ Deposits switched offSteakhouse Financial · Base · $38.1K $38.1K18.90 WETH 0.00% 0.00% 5% $38.1K
Grove x Steakhouse AUSDV2Steakhouse Financial · Ethereum · $30.9K $30.9K30.88K AUSD 3.80% 1.47% 0% $2.4K
Steakhouse Prime EURCV2Steakhouse Financial · Arc · $9.8K $9.8K8.90K EURC 1.97% 1.60% 0% $9.8K
Steakhouse EURCVSteakhouse Financial · Ethereum · $9.0K $9.0K8.14K EURCV 0.00% 0.46% 0% $9.0K
Steakhouse High Yield USDT0⚠ Deposits switched offSteakhouse Financial · Polygon · $2.0K $2.0K2.05K USDT0 0.00% 0.00% 0% $2.0K
Steakhouse High Yield USD1V2Steakhouse Financial · Monad · $1.3K $1.3K1.27K USD1 0.00% 0.00% 10% $1.3K
Grove x Steakhouse USDGV2Steakhouse Financial · Ethereum · $1.00 $1.001.01 USDG 0.00% 0.00% 0% $1.00
Grove x Steakhouse USDGV2Steakhouse Financial · Ethereum · $1.00 $1.001.01 USDG 0.12% 0.12% 0% $1.00
Steakhouse USDC ReservedV2Steakhouse Financial · Monad · $1.00 $1.001.00 USDC 0.00% 0.00% 0% $1.00
Steakhouse mUSD ReservedV2Steakhouse Financial · Monad · $1.00 $1.001.00 mUSD 0.00% 0.00% 0% $1.00
Grove x Steakhouse RLUSDV2Steakhouse Financial · Ethereum · $0 $00.0101 RLUSD 3.29% 2.72% 0% $0

What these vaults lend against

Money lent directly to markets, grouped by the collateral borrowers post. Higher-risk collateral usually pays more.

CollateralLent against itShareMarkets
cbBTC $960.6M37.0%13
USDe $708.0M27.2%2
syrupUSDG $173.1M6.7%2
wstETH $168.5M6.5%22
WBTC $160.1M6.2%15
mGLO $151.4M5.8%4
WETH $78.92M3.0%11
weETH $35.29M1.4%6
cbXRP $31.71M1.2%1
wFalconX $25.14M1.0%1
PT-reUSD-10DEC2026 $18.18M0.7%2
mF-ONE $17.64M0.7%1
steakEURCV $12.92M0.5%1
cbETH $11.10M0.4%6
spUSDG $7.47M0.3%1
cirBTC $5.30M0.2%2
wUSCC $5.20M0.2%1
sUSDS $3.98M0.2%2
vbWBTC $3.45M0.1%1
reUSD $3.41M0.1%3

Steakhouse Financial on Morpho: quick answers

How much does Steakhouse Financial manage on Morpho?

Steakhouse Financial curates 62 vaults listed in the Morpho app, holding $2.74B on 8 networks. The largest is Steakhouse USDG on Robinhood Chain with $528.0M.

What do Steakhouse Financial's Morpho vaults pay?

Weighted by size, its vaults pay 4.18% net APY right now. The best with at least $1M deposited is Steakhouse USDG Pro on Arbitrum at 7.11% net APY (4.50% of it in token rewards, which can stop at any time). Rates change daily with borrowing demand.

What do Steakhouse Financial's vaults lend against?

Mostly loans backed by cbBTC (37%), USDe (27%) and syrupUSDG (7%), counting money lent directly into markets. Each vault's page shows its own mix.

Which networks does Steakhouse Financial run Morpho vaults on?

Base, Ethereum, Robinhood Chain, Arbitrum, Monad, Arc, Katana and Polygon.

How to judge a curator's vaults

Look at three things on each vault page. First, what the vault lends against: loans backed by Bitcoin or ETH are usually safer than loans backed by newer or thinly traded tokens. Second, how much cash the vault could pay out today, shown as "withdrawable": if nearly everything is lent out, withdrawals may have to wait. Third, the fee and the timelock, which is how long depositors get to react before the curator's changes take effect. Comparing curators? See the curator ranking, the best vault yields, or read what can go wrong with a vault.