Steakhouse Prime ETH on Monad
V2A Morpho V2 vault on Monad that lends out WETH deposits, curated by Steakhouse Financial. Depositors earn 2.44% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
2.44%
incl. 1.19% in rewards
30-day APY
1.42%
7-day 1.18%, from the share price
Deposits
$20.30M
10.11K WETH
Withdrawable now
$3.44M
17% of deposits
Performance fee
10%
of the interest earned
Depositors
319
largest holds 51.4%
Steakhouse Prime ETH 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 |
|---|---|---|
| wstETH / WETHLLTV 94.5% | $25.43M | 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
| wstETH | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.25% |
|---|---|
| Last 7 days | 1.18% |
| Last 30 days | 1.42% |
| Last 90 days | 1.41% |
Who controls this vault
| Curator | Steakhouse Financial |
|---|---|
| Owner | 0x0A0e…f8DD5-of-10 multisig |
| 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 | 8addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | January 14, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.0K |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 1.39% |
| Rewards | WMON 1.19% |
| Vault contract | 0xbeef…ef42 |
| WETH token | 0xEE8c…1242 |
| Network | Monad |
The curator's description: "The Steakhouse Prime ETH vault aims to optimize yields by lending ETH against blue chip crypto assets."
Largest depositors
319 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xA024…0EE0 | $10.44M | 51.4% |
| 0x9Ca1…8F4d | $5.80M | 28.6% |
| 0x43e1…5fe5 | $2.20M | 10.9% |
| 0x2C95…2CBD | $2.08M | 10.3% |
| 0x53cc…FA27 | $1.29M | 6.3% |
| 0xC03D…B4D5 | $1.16M | 5.7% |
| 0x4F9A…dadE | $541K | 2.7% |
| 0x51d5…7b8A | $479K | 2.4% |
| 0x46bb…8e6F | $199K | 1.0% |
| 0xD2A3…5FAc | $191K | 0.9% |
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 ETH
Steakhouse Prime ETH is a Morpho V2 vault on Monad, created on January 14, 2026. It takes WETH deposits and lends them to borrowers in 1 Morpho market. The curator, Steakhouse Financial, decides which markets it may use and how much can go into each.
It holds $20.30M (10.11K WETH) from 319 depositors and pays a net APY of 2.44% after its 10% performance fee. Over the last 30 days depositors actually earned 1.42% a year. About 1.19% of today's rate comes from WMON rewards, which can stop at any time.
Its largest position is wstETH / WETH at 100% of its deposits. Counting every market, its loans are backed mainly by wstETH (100%). 17% 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. The owner is a 5-of-10 multisig wallet. Morpho's app shows no warnings for this vault.
Steakhouse Prime ETH: quick answers
What is the APY of Steakhouse Prime ETH on Monad?
Steakhouse Prime ETH pays 2.44% net APY right now, after its fees and including 1.19% of rewards. Measured from the growth of its share price, it paid 1.42% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Steakhouse Prime ETH lend against?
It lends WETH through 1 Morpho market. The biggest is wstETH / WETH with 100% of its deposits. Overall its loans are backed mainly by wstETH (100%).
Can I withdraw from Steakhouse Prime ETH right now?
About $3.44M of its $20.30M in deposits (17%) 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 ETH and what does it charge?
Steakhouse Financial curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Steakhouse Prime ETH?
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.
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