Steakhouse tGBP on Ethereum
V2A Morpho V2 vault on Ethereum that lends out tGBP deposits, curated by Steakhouse Financial. Depositors earn 3.58% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.58%
incl. 3.50% in rewards
30-day APY
0.06%
7-day 0.07%, from the share price
Deposits
$5.16M
3.90M tGBP
Withdrawable now
$4.72M
92% of deposits
Performance fee
0%
of the interest earned
Depositors
17
largest holds 97.8%
Steakhouse tGBP 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 / tGBPLLTV 86% | $184K | 3.6% |
| cbBTC / tGBPLLTV 86% | $117K | 2.3% |
| wstETH / tGBPLLTV 86% | $93.3K | 1.8% |
| XAUt / tGBPLLTV 77% | $87.6K | 1.7% |
| WETH / tGBPLLTV 86% | $56.3K | 1.1% |
| PAXG / tGBPLLTV 77% | $39.5K | 0.8% |
| Idle cashnot lent out | $4.61M | 88.9% |
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
| cbBTC | 33.5% |
|---|---|
| WBTC | 22.9% |
| XAUt | 19.1% |
| WETH | 13.0% |
| PAXG | 8.7% |
| wstETH | 2.8% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.07% |
|---|---|
| Last 7 days | 0.07% |
| Last 30 days | 0.06% |
| Last 90 days | 0.06% |
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 | April 17, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | tGBPprice $1.3234 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.08% |
| 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
17 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xBA4c…6762 | $5.05M | 97.8% |
| 0x3025…0F4b | $133K | 2.6% |
| 0x75a1…74F7 | $6.7K | 0.1% |
| 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% |
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 (3.90M tGBP) from 17 depositors and pays a net APY of 3.58% 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 4% of its deposits, followed by cbBTC / tGBP (2%) and wstETH / tGBP (2%). 89% sits idle, not lent out. Counting every market, its loans are backed mainly by cbBTC (34%), WBTC (23%) and XAUt (19%). 92% 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 tGBP: quick answers
What is the APY of Steakhouse tGBP on Ethereum?
Steakhouse tGBP pays 3.58% 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 4% of its deposits. 89% sits idle. Overall its loans are backed mainly by cbBTC (34%), WBTC (23%) and XAUt (19%).
Can I withdraw from Steakhouse tGBP right now?
About $4.72M of its $5.16M in deposits (92%) 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. Adding a market or raising a cap waits behind a timelock of 7 days. This is not advice.
