Steakhouse High Yield USDC on Arc
V2A Morpho V2 vault on Arc that lends out USDC deposits, curated by Steakhouse Financial. Depositors earn 13.68% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
13.68%
after fees, paid to depositors
30-day APY
–
the vault is younger than 30 days
Deposits
$163K
163.38K USDC
Withdrawable now
$107K
65% of deposits
Performance fee
0%
of the interest earned
Depositors
2
largest holds <0.01%
Steakhouse High Yield USDC 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 |
|---|---|---|
| syrupUSDC / USDCLLTV 91.5% | $1.00 | 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
| syrupUSDC | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 10.05% |
|---|---|
| Last 7 days | 10.83% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x5fe1…7852 |
| 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 | 6addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Pending changes | 1Abdicate from November 2, 2026 |
| Created | October 20, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 13.68% |
| Vault contract | 0xbeef…03C1 |
| USDC token | 0x3600…0000 |
| Network | Arc |
The curator's description: "The Steakhouse High Yield USDC vault aims to optimize for yield on a wider range of collateral markets."
Largest depositors
2 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0000…dEaD | $1.00 | <0.01% |
| 0x536A…cB6B | $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 High Yield USDC
Steakhouse High Yield USDC is a Morpho V2 vault on Arc, created on October 20, 2026. It takes USDC 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 $163K (163.38K USDC) from 2 depositors and pays a net APY of 13.68% after its 0% performance fee.
Its largest position is syrupUSDC / USDC at 100% of its deposits. Counting every market, its loans are backed mainly by syrupUSDC (100%). 65% 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 High Yield USDC: quick answers
What is the APY of Steakhouse High Yield USDC on Arc?
Steakhouse High Yield USDC pays 13.68% net APY right now, after its fees. The rate changes every day with what its borrowers pay.
What does Steakhouse High Yield USDC lend against?
It lends USDC through 1 Morpho market. The biggest is syrupUSDC / USDC with 100% of its deposits. Overall its loans are backed mainly by syrupUSDC (100%).
Can I withdraw from Steakhouse High Yield USDC right now?
About $107K of its $163K in deposits (65%) 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 High Yield USDC and what does it charge?
Steakhouse Financial curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Steakhouse High Yield USDC?
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.
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The same deposit asset, other curators and networks
