Grove x Steakhouse USDGV2
A Morpho V2 vault on Ethereum that lends out USDG deposits, curated by Steakhouse Financial. Depositors earn 0.12% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
0.12%
after fees, paid to depositors
30-day APY
0.14%
7-day 0.12%
Deposits
$1.00
1.01 USDG
Withdrawable now
$1.00
100% of deposits
Performance fee
0%
of the interest earned
Depositors
2
largest holds 100.0%
Grove x Steakhouse USDG APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share | |||
|---|---|---|---|---|---|
| This vault is not lending anything right now. | |||||
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
| Other | – |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.14% |
|---|---|
| Last 7 days | 0.12% |
| Last 30 days | 0.14% |
| Since the vault started | 0.62% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0xD700…54272-of-2 multisig |
| 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 | None |
| Allocators | 3addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | August 4, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDGprice $0.9999 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.12% |
| Vault contract | 0xbeef…5A23 |
| USDG token | 0xe343…491D |
| Network | Ethereum |
The curator's description: "Grove x Steakhouse USDG for Grove USDG allocation."
Notes from Morpho's API: Unrecognized asset.
Largest depositors
2 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0000…dEaD | $1.00 | 100.0% |
| 0xfeed…3C9a | $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 Grove x Steakhouse USDG
Grove x Steakhouse USDG is a Morpho V2 vault on Ethereum, created on August 4, 2026. It takes USDG 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 $1.00 (1.01 USDG) from 2 depositors and pays a net APY of 0.12% after its 0% performance fee. Over the last 30 days depositors actually earned 0.14% a year.
Risky changes, such as adding a market, wait behind a 14-day timelock on raising caps, which gives depositors time to leave first. The owner is a 2-of-2 multisig wallet. Morpho's app shows a warning for this vault: unrecognized asset.
Grove x Steakhouse USDG: quick answers
What is the APY of Grove x Steakhouse USDG on Ethereum?
Grove x Steakhouse USDG pays 0.12% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.14% over the last 30 days. The rate changes every day with what its borrowers pay.
Can I withdraw from Grove x Steakhouse USDG right now?
Yes: all of its $1.00 in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USDG left. That can change quickly when borrowing picks up.
Who runs Grove x Steakhouse USDG 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 USDG?
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. Changes to it wait behind a 14-day timelock on raising caps. Morpho's app flags: unrecognized asset. This is not advice.
Other USDG vaults
The same deposit asset, other curators and networks
