Steakhouse Prime XSGD on Base
V2A Morpho V2 vault on Base that lends out XSGD deposits, curated by Steakhouse Financial. Depositors earn 0.29% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
0.29%
after fees, paid to depositors
30-day APY
0.27%
7-day 0.32%, from the share price
Deposits
$1.08M
1.39M XSGD
Withdrawable now
$622K
57% of deposits
Performance fee
0%
of the interest earned
Depositors
18
largest holds 93.0%
Steakhouse Prime XSGD 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 |
|---|---|---|
| cbBTC / XSGDLLTV 86% | $237K | 21.8% |
| steakUSDC / XSGDLLTV 91.5% | $171K | 15.7% |
| cbETH / XSGDLLTV 86% | $7.1K | 0.7% |
| wstETH / XSGDLLTV 86% | $1.6K | 0.1% |
| WETH / XSGDLLTV 86% | $110 | 0.0% |
| Idle cashnot lent out | $670K | 61.7% |
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
| cbBTC | 62.2% |
|---|---|
| steakUSDC | 35.6% |
| cbETH | 1.4% |
| WETH | 0.5% |
| wstETH | 0.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.29% |
|---|---|
| Last 7 days | 0.32% |
| Last 30 days | 0.27% |
| Last 90 days | 0.31% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x639b…C5D6 |
| Timelock to raise a cap | 7 dayswait before more can go into a market |
| Timelock to add an adapter | 7 dayswait before a new kind of investment |
| Timelock to raise fees | None |
| Allocators | 7addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | November 19, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | XSGDprice $0.7773 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.29% |
| Vault contract | 0xbeef…5fe9 |
| XSGD token | 0x0A4C…C33b |
| Network | Base |
The curator's description: "The Steakhouse Prime XSGD vault aims to optimize yields by lending XSGD against blue chip crypto assets."
Largest depositors
18 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x2b6f…F80a | $1.01M | 93.0% |
| 0x0a88…9B08 | $78.5K | 7.2% |
| 0xF94E…f608 | $78.00 | <0.01% |
| 0xfb48…C5F0 | $31.00 | <0.01% |
| 0x4985…2b2b | $20.00 | <0.01% |
| 0x1d02…9e13 | $8.00 | <0.01% |
| 0x5376…c292 | $4.00 | <0.01% |
| 0x0000…dEaD | $1.00 | <0.01% |
| 0xecc9…1266 | $1.00 | <0.01% |
| 0xb213…9FeC | $1.00 | <0.01% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Steakhouse Prime XSGD
Steakhouse Prime XSGD is a Morpho V2 vault on Base, created on November 19, 2025. It takes XSGD deposits and lends them to borrowers in 5 Morpho markets. The curator, Steakhouse Financial, decides which markets it may use and how much can go into each.
It holds $1.08M (1.39M XSGD) from 18 depositors and pays a net APY of 0.29% after its 0% performance fee. Over the last 30 days depositors actually earned 0.27% a year.
Its largest position is cbBTC / XSGD at 22% of its deposits, followed by steakUSDC / XSGD (16%) and cbETH / XSGD (1%). 62% sits idle, not lent out. Counting every market, its loans are backed mainly by cbBTC (62%), steakUSDC (36%) and cbETH (1%). 57% 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. Morpho's app shows no warnings for this vault.
Steakhouse Prime XSGD: quick answers
What is the APY of Steakhouse Prime XSGD on Base?
Steakhouse Prime XSGD pays 0.29% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.27% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Steakhouse Prime XSGD lend against?
It lends XSGD through 5 Morpho markets. The biggest is cbBTC / XSGD with 22% of its deposits. 62% sits idle. Overall its loans are backed mainly by cbBTC (62%), steakUSDC (36%) and cbETH (1%).
Can I withdraw from Steakhouse Prime XSGD right now?
About $622K of its $1.08M in deposits (57%) 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 Prime XSGD 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 Prime XSGD?
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. This is not advice.
