Steakhouse Prime EURC on Ethereum
V2A Morpho V2 vault on Ethereum that lends out EURC deposits, curated by Steakhouse Financial. Depositors earn 2.41% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
2.41%
after fees, paid to depositors
30-day APY
2.72%
7-day 2.75%, from the share price
Deposits
$1.07M
971.09K EURC
Withdrawable now
$219K
20% of deposits
Performance fee
0%
of the interest earned
Depositors
51
largest holds 32.4%
Steakhouse Prime EURC 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 |
|---|---|---|
| WBTC / EURCLLTV 86% | $705K | 69.8% |
| wstETH / EURCLLTV 86% | $234K | 23.1% |
| cbBTC / EURCLLTV 86% | $54.1K | 5.4% |
| wstETH / EURCLLTV 86% | $13.6K | 1.3% |
| WETH / EURCLLTV 86% | $4.0K | 0.4% |
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
| WBTC | 67.2% |
|---|---|
| wstETH | 20.5% |
| cbBTC | 12.0% |
| WETH | 0.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 2.44% |
|---|---|
| Last 7 days | 2.75% |
| Last 30 days | 2.72% |
| Last 90 days | 2.75% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x4D7b…f71d |
| 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 | January 26, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | EURCprice $1.1047 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 2.41% |
| Vault contract | 0xbeef…ec58 |
| EURC token | 0x1aBa…C33c |
| Network | Ethereum |
The curator's description: "The Steakhouse Prime EURC vault aims to optimize yields by lending EURC against blue chip crypto and real world asset RWA collateral markets depending on market conditions."
Largest depositors
51 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x2650…4CC2 | $348K | 32.4% |
| 0xf818…Bd76 | $169K | 15.7% |
| 0xD8B7…5AB2 | $98.2K | 9.1% |
| 0xB3a3…783B | $72.1K | 6.7% |
| 0x569d…01f9 | $68.9K | 6.4% |
| 0x3dEd…c6f2 | $39.4K | 3.7% |
| 0x950f…DfA4 | $39.2K | 3.7% |
| 0xD408…E205 | $39.1K | 3.6% |
| 0x906c…DFe4 | $37.9K | 3.5% |
| 0xD753…663c | $29.8K | 2.8% |
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 EURC
Steakhouse Prime EURC is a Morpho V2 vault on Ethereum, created on January 26, 2026. It takes EURC 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 $1.07M (971.09K EURC) from 51 depositors and pays a net APY of 2.41% after its 0% performance fee. Over the last 30 days depositors actually earned 2.72% a year.
Its largest position is WBTC / EURC at 70% of its deposits, followed by wstETH / EURC (23%) and cbBTC / EURC (5%). Counting every market, its loans are backed mainly by WBTC (67%), wstETH (20%) and cbBTC (12%). 20% 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 EURC: quick answers
What is the APY of Steakhouse Prime EURC on Ethereum?
Steakhouse Prime EURC pays 2.41% net APY right now, after its fees. Measured from the growth of its share price, it paid 2.72% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Steakhouse Prime EURC lend against?
It lends EURC through 5 Morpho markets. The biggest is WBTC / EURC with 70% of its deposits. Overall its loans are backed mainly by WBTC (67%), wstETH (20%) and cbBTC (12%).
Can I withdraw from Steakhouse Prime EURC right now?
About $219K of its $1.07M in deposits (20%) 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 EURC 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 EURC?
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.
Other EURC vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Steakhouse Prime EURCV2Steakhouse Financial · Base · $2.66M | 6.53% |
| Gauntlet EURC BalancedV2Gauntlet · Base · $2.01M | 6.88% |
| Steakhouse EURCSteakhouse Financial · Base · $1.29M | 6.53% |
| Gauntlet EURC CoreGauntlet · Ethereum · $1.12M | 2.11% |
| Moonwell Flagship EURCAnthias Labs · Base · $797K | 5.45%incl. 0.09% rewards |
| Galaxy EURCV2Galaxy Curation · Arc · $558K | 1.18% |
