Steakhouse ETH on Base
⚠ Deposits switched offA Morpho vault on Base that lends out WETH deposits, curated by Steakhouse Financial. Depositors earn 0.00% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
0.00%
after fees, paid to depositors
30-day APY
0.00%
7-day 0.00%, from the share price
Deposits
$38.1K
18.90 WETH
Withdrawable now
$38.1K
100% of deposits
Performance fee
5%
of the interest earned
Depositors
3,028
largest holds 85.5%
Warnings from Morpho
- Deposits switched off
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Steakhouse ETH 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 |
|---|---|---|
| Idle cashnot lent out | $44.4K | 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.
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.00% |
|---|---|
| Last 7 days | 0.00% |
| Last 30 days | 0.00% |
| Last 90 days | 0.00% |
| Last year | 1.40% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x0A0e…f8DD5-of-10 multisig |
| Guardian | 0x447D…9086 |
| Timelock | 7 dayswait before risky changes take effect |
| Allocators | 6addresses that move money between markets |
| Created | June 11, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.0K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.00% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xbEEf…443e |
| WETH token | 0x4200…0006 |
| Network | Base |
The curator's description: "The Steakhouse ETH vault aims to optimize yields by lending ETH against blue chip crypto and real world asset (RWA) collateral markets, depending on market conditions. We call this the “dual engine.”"
Largest depositors
3,028 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x8A9B…5a20 | $32.6K | 85.5% |
| 0xd408…a45B | $5.6K | 14.8% |
| 0x255c…085a | $1.5K | 3.9% |
| 0xe065…F0bf | $1.2K | 3.1% |
| 0xcA82…48f0 | $804 | 2.1% |
| 0x477A…CA41 | $302 | 0.8% |
| 0xeeEe…03CF | $240 | 0.6% |
| 0xa711…D5d2 | $232 | 0.6% |
| 0x32BD…9278 | $136 | 0.4% |
| 0x2B71…E64c | $136 | 0.4% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Steakhouse ETH
Steakhouse ETH is a MetaMorpho vault (Morpho V1) on Base, created on June 11, 2024. It takes WETH deposits and lends them to borrowers in 0 Morpho markets. The curator, Steakhouse Financial, decides which markets it may use and how much can go into each.
It holds $38.1K (18.90 WETH) from 3,028 depositors and pays a net APY of 0.00% after its 5% performance fee. Over the last 30 days depositors actually earned 0.00% a year, and 1.40% over the last year.
100% sits idle, not lent out. 100% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 7 days, which gives depositors time to leave first. The owner is a 5-of-10 multisig wallet. Morpho's app shows a warning for this vault: deposits switched off.
Steakhouse ETH: quick answers
What is the APY of Steakhouse ETH on Base?
Steakhouse ETH pays 0.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.00% over the last 30 days. The rate changes every day with what its borrowers pay.
Can I withdraw from Steakhouse ETH right now?
Yes: all of its $38.1K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed WETH left. That can change quickly when borrowing picks up.
Who runs Steakhouse ETH and what does it charge?
Steakhouse Financial curates it. It keeps 5% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Steakhouse ETH?
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 7 days. Morpho's app flags: deposits switched off. This is not advice.
Other WETH vaults
The same deposit asset, other curators and networks
