Steakhouse tGBPV2
A Morpho V2 vault on Ethereum that lends out tGBP deposits, curated by Steakhouse Financial. Depositors earn 3.56% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.56%
incl. 3.50% in rewards
30-day APY
0.06%
7-day 0.06%
Deposits
$5.16M
3.89M tGBP
Withdrawable now
$4.67M
90% of deposits
Performance fee
0%
of the interest earned
Depositors
16
largest holds 97.3%
Steakhouse tGBP 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 |
|---|---|---|
| WBTC / tGBPLLTV 86% | $183K | 32.2% |
| cbBTC / tGBPLLTV 86% | $116K | 20.4% |
| wstETH / tGBPLLTV 86% | $94.1K | 16.5% |
| XAUt / tGBPLLTV 77% | $87.7K | 15.4% |
| WETH / tGBPLLTV 86% | $49.2K | 8.6% |
| PAXG / tGBPLLTV 77% | $39.3K | 6.9% |
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 | 32.2% |
|---|---|
| cbBTC | 20.4% |
| wstETH | 16.5% |
| XAUt | 15.4% |
| WETH | 8.6% |
| PAXG | 6.9% |
| Other | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 3.56% |
|---|---|
| Last 7 days | 0.06% |
| Last 30 days | 0.06% |
| Since the vault started | 13.12% |
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 | 6addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | April 17, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | tGBPprice $1.3244 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.06% |
| Rewards | tGBP 3.50% |
| Vault contract | 0xbeef…f04F |
| tGBP token | 0x27f6…5287 |
| Network | Ethereum |
The curator's description: "The Steakhouse tGBP vault aims to optimize yields by lending tGBP against a wide range of collaterals."
Largest depositors
16 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xBA4c…6762 | $5.02M | 97.3% |
| 0x3025…0F4b | $132K | 2.6% |
| 0x78D0…0eBC | $4.5K | 0.1% |
| 0x0000…4E31 | $40.00 | <0.01% |
| 0x9C7e…4633 | $13.00 | <0.01% |
| 0xabCA…99D5 | $1.00 | <0.01% |
| 0x6893…248A | $1.00 | <0.01% |
| 0x0834…7A68 | $1.00 | <0.01% |
| 0xfeed…3C9a | $1.00 | <0.01% |
| 0x0000…8A90 | $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 Steakhouse tGBP
Steakhouse tGBP is a Morpho V2 vault on Ethereum, created on April 17, 2026. It takes tGBP deposits and lends them to borrowers in 6 Morpho markets. The curator, Steakhouse Financial, decides which markets it may use and how much can go into each.
It holds $5.16M (3.89M tGBP) from 16 depositors and pays a net APY of 3.56% after its 0% performance fee. Over the last 30 days depositors actually earned 0.06% a year. About 3.50% of today's rate comes from tGBP rewards, which can stop at any time.
Its largest position is WBTC / tGBP at 32% of what it lends, followed by cbBTC / tGBP (20%) and wstETH / tGBP (17%). Counting every market, its loans are backed mainly by WBTC (32%), cbBTC (20%) and wstETH (17%). 90% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 7-day timelock on raising caps, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Steakhouse tGBP: quick answers
What is the APY of Steakhouse tGBP on Ethereum?
Steakhouse tGBP pays 3.56% net APY right now, after its fees and including 3.50% of rewards. Measured from the growth of its share price, it paid 0.06% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Steakhouse tGBP lend against?
It lends tGBP through 6 Morpho markets. The biggest is WBTC / tGBP with 32% of its lending. Overall its loans are backed mainly by WBTC (32%), cbBTC (20%) and wstETH (17%).
Can I withdraw from Steakhouse tGBP right now?
About $4.67M of its $5.16M in deposits (90%) 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 tGBP 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 tGBP?
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 7-day timelock on raising caps. This is not advice.
