Steakhouse USDG ProV2
A Morpho V2 vault on Arbitrum that lends out USDG deposits, curated by Steakhouse Financial. Depositors earn 0.15% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.15%
after fees, paid to depositors
30-day APY
–
the vault is younger than 30 days
Deposits
$5.00M
5.00M USDG
Withdrawable now
$4.14M
83% of deposits
Performance fee
10%
of the interest earned
Depositors
5
largest holds 100.0%
Steakhouse USDG Pro APY history
Net APY earned each day, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| syrupUSDG / USDGLLTV 91.5% | $5.00M | 100.0% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| syrupUSDG | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.67% |
|---|
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0xca9f…f5ee |
| Timelock to raise a cap | 3 dayswait before more can go into a market |
| Timelock to add an adapter | 3 dayswait before a new kind of investment |
| Timelock to raise fees | None |
| Allocators | 3addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | October 6, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDGprice $0.9998 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.17% |
| Vault contract | 0xbeeF…016a |
| USDG token | 0x004B…9bbC |
| Network | Arbitrum |
The curator's description: "The Steakhouse USDG Pro vault aims to optimize for yield on a wider range of collateral markets."
Largest depositors
5 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x7c59…D311 | $5.00M | 100.0% |
| 0x7575…D13F | $10.00 | <0.01% |
| 0x0000…dEaD | $1.00 | <0.01% |
| 0xfeed…3C9a | $0 | 0.0% |
| 0x255c…085a | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Steakhouse USDG Pro
Steakhouse USDG Pro is a Morpho V2 vault on Arbitrum, created on October 6, 2026. It takes USDG deposits and lends them to borrowers in 1 Morpho market. The curator, Steakhouse Financial, decides which markets it may use and how much can go into each.
It holds $5.00M (5.00M USDG) from 5 depositors and pays a net APY of 0.15% after its 10% performance fee.
Its largest position is syrupUSDG / USDG at 100% of its deposits. Counting every market, its loans are backed mainly by syrupUSDG (100%). 83% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Steakhouse USDG Pro: quick answers
What is the APY of Steakhouse USDG Pro on Arbitrum?
Steakhouse USDG Pro pays 0.15% net APY right now, after its fees. The rate changes every day with what its borrowers pay.
What does Steakhouse USDG Pro lend against?
It lends USDG through 1 Morpho market. The biggest is syrupUSDG / USDG with 100% of its deposits. Overall its loans are backed mainly by syrupUSDG (100%).
Can I withdraw from Steakhouse USDG Pro right now?
About $4.14M of its $5.00M in deposits (83%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs Steakhouse USDG Pro and what does it charge?
Steakhouse Financial curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Steakhouse USDG Pro?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
Other USDG vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Steakhouse USDGV2⚠ Deposits switched offSteakhouse Financial · Robinhood Chain · $536.9M | 3.67% |
| Gauntlet USDG PremiumV2Gauntlet · Arbitrum · $8.98M | 8.00%incl. 8.00% rewards |
| Galaxy USDG RH Stock TokensV2Galaxy Curation · Robinhood Chain · $2.00M | 4.03% |
