Grove x Steakhouse AUSD on Ethereum
V2A Morpho V2 vault on Ethereum that lends out AUSD deposits, curated by Steakhouse Financial. Depositors earn 3.81% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.81%
after fees, paid to depositors
30-day APY
1.47%
7-day 2.71%, from the share price
Deposits
$30.9K
30.88K AUSD
Withdrawable now
$2.4K
8% of deposits
Performance fee
0%
of the interest earned
Depositors
19
largest holds 99.7%
Grove x Steakhouse AUSD 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 |
|---|---|---|
| wstETH / AUSDLLTV 86% | $16.6K | 53.7% |
| cbBTC / AUSDLLTV 86% | $6.0K | 19.5% |
| WBTC / AUSDLLTV 86% | $3.9K | 12.6% |
| WETH / AUSDLLTV 86% | $1.8K | 5.8% |
| sUSDS / AUSDLLTV 94.5% · under $1,000, not tracked here | $528 | 1.7% |
| Idle cashnot lent out | $2.1K | 6.7% |
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
| wstETH | 48.3% |
|---|---|
| cbBTC | 25.0% |
| WBTC | 20.5% |
| WETH | 4.8% |
| Small or unlisted markets | 1.5% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 3.78% |
|---|---|
| Last 7 days | 2.71% |
| Last 30 days | 1.47% |
| Last 90 days | 5.41% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x1369…91Ba |
| Timelock to raise a cap | 14 dayswait before more can go into a market |
| Timelock to add an adapter | 14 dayswait before a new kind of investment |
| Timelock to raise fees | 3 days |
| Allocators | 6addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | January 22, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | AUSDprice $0.9991 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 3.81% |
| Vault contract | 0xBEEf…A98a |
| AUSD token | 0x0000…012a |
| Network | Ethereum |
The curator's description: "Grove x Steakhouse AUSD for Grove AUSD allocation."
Largest depositors
19 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x085E…9f68 | $30.8K | 99.7% |
| 0xF4EC…E634 | $19.00 | 0.1% |
| 0x6613…800E | $13.00 | 0.0% |
| 0x691a…7bC0 | $12.00 | 0.0% |
| 0x2e23…A324 | $10.00 | 0.0% |
| 0x0000…8A90 | $8.00 | 0.0% |
| 0xd9D8…619f | $5.00 | 0.0% |
| 0xd05d…D5D8 | $2.00 | <0.01% |
| 0x0000…dEaD | $1.00 | <0.01% |
| 0x1121…0a11 | $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 Grove x Steakhouse AUSD
Grove x Steakhouse AUSD is a Morpho V2 vault on Ethereum, created on January 22, 2026. It takes AUSD 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 $30.9K (30.88K AUSD) from 19 depositors and pays a net APY of 3.81% after its 0% performance fee. Over the last 30 days depositors actually earned 1.47% a year.
Its largest position is wstETH / AUSD at 54% of its deposits, followed by cbBTC / AUSD (19%) and WBTC / AUSD (13%). 7% sits idle, not lent out. Counting every market, its loans are backed mainly by wstETH (48%), cbBTC (25%) and WBTC (20%). 8% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 14 days, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Grove x Steakhouse AUSD: quick answers
What is the APY of Grove x Steakhouse AUSD on Ethereum?
Grove x Steakhouse AUSD pays 3.81% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.47% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Grove x Steakhouse AUSD lend against?
It lends AUSD through 5 Morpho markets. The biggest is wstETH / AUSD with 54% of its deposits. 7% sits idle. Overall its loans are backed mainly by wstETH (48%), cbBTC (25%) and WBTC (20%).
Can I withdraw from Grove x Steakhouse AUSD right now?
About $2.4K of its $30.9K in deposits (8%) 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 Grove x Steakhouse AUSD 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 Grove x Steakhouse AUSD?
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 14 days. This is not advice.
Other AUSD vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| SharpByte AUSD Tori EcosystemV2SharpByte · Monad · $6.21M | 7.02%incl. 2.45% rewards |
| Y10k AUSD VaultV2RockawayX, Y10k Capital · Monad · $5.80M | 6.14%incl. 1.48% rewards |
| Bitwise Premium RWA AUSDV2Bitwise · Ethereum · $4.85M | 4.36% |
| RockawayX infiniFi AUSDV2RockawayX · Monad · $4.64M | 6.99%incl. 1.35% rewards |
| Clearstar Accountable AUSDV2Clearstar · Monad · $2.82M | 6.44% |
| Flowdesk AUSD RWA StrategyV2Flowdesk · Ethereum · $2.46M | 5.30% |
| Steakhouse High Yield InstantV2Steakhouse Financial · Ethereum · $775K | 4.05% |
| SharpByte AUSD mROXV2SharpByte · Monad · $503K | 1.50%incl. 1.50% rewards |
