Smokehouse DAI⚠ Deposit disabled
A Morpho vault on Ethereum that lends out DAI 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%
Deposits
$209K
208.98K DAI
Withdrawable now
$209K
100% of deposits
Performance fee
5%
of the interest earned
Depositors
39
largest holds 68.1%
Warnings from Morpho
- Deposit disabled
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Smokehouse DAI 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 |
|---|---|---|
| Idle cashnot lent out | $209K | 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
| Other | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.00% |
|---|---|
| Last 7 days | 0.00% |
| Last 30 days | 0.00% |
| Last year | 3.95% |
| Since the vault started | 6.28% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x0A0e…f8DD5-of-10 multisig |
| Guardian | 0xbdb7…a36b |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 4addresses that move money between markets |
| Created | December 6, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | DAIprice $0.9998 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.00% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xbeeF…490E |
| DAI token | 0x6B17…1d0F |
| Network | Ethereum |
The curator's description: "The Smokehouse DAI vault aims to optimize for yield on a wide range of collaterals."
Largest depositors
39 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x7861…cA43 | $142K | 68.1% |
| 0x7403…c78a | $60.5K | 29.0% |
| 0x255c…085a | $4.2K | 2.0% |
| 0x19c7…8B9a | $1.4K | 0.7% |
| 0x3c75…a2Ab | $412 | 0.2% |
| 0x4c8A…D34C | $105 | 0.1% |
| 0xb515…Ae31 | $61.00 | 0.0% |
| 0x2524…e493 | $16.00 | <0.01% |
| 0x86cc…10Ef | $10.00 | <0.01% |
| 0x93f5…1B8E | $6.00 | <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 Smokehouse DAI
Smokehouse DAI is a MetaMorpho vault (Morpho V1) on Ethereum, created on December 6, 2024. It takes DAI 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 $209K (208.98K DAI) from 39 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 3.95% over the last year.
Risky changes, such as adding a market, wait behind a 3-day timelock, 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: deposit disabled.
Smokehouse DAI: quick answers
What is the APY of Smokehouse DAI on Ethereum?
Smokehouse DAI 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 Smokehouse DAI right now?
Yes: all of its $209K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed DAI left. That can change quickly when borrowing picks up.
Who runs Smokehouse DAI 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 Smokehouse DAI?
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 3-day timelock. Morpho's app flags: deposit disabled. This is not advice.
Other DAI vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Gauntlet DAI CoreGauntlet · Ethereum · $2.17M | 6.40% |