Steakhouse Financial vaults
About Steakhouse Financial
Steakhouse Financial has 70 vaults with $2.4B TVLand a 3.8% APY over the last 30 days. Steakhouse Financial is an onchain vault curator and advisory firm for the stablecoin economy, running risk-curated lending vaults on Morpho and Kamino.
The curator may have more vaults outside supported blockchains and vault protocols.
Steakhouse Financial is a DeFi vault curator and advisory firm. Steakhouse vaults are noncustodial lending vaults for stablecoins and crypto assets on Morpho, across Ethereum, Base, Arbitrum and other networks, and on Kamino on Solana. According to Morpho, the firm moved from DeFi consulting, including onboarding tokenised US Treasuries and private credit to MakerDAO, into curation when Morpho vaults launched in early 2024.
Its product lines are Prime (formerly branded Steakhouse), lending against blue-chip collateral, with a seven-day timelock on vault changes; High Yield (formerly Smokehouse), accepting longer-tail collateral, typically with a 10% performance fee and a three-day timelock on changes; and Turbo, running leveraged looping and carry strategies. Steakhouse publishes AA-to-C risk ratings for the lending markets it considers, and most of its vaults let depositors veto pending changes through Aragon DAO guardians.
It curates the vaults behind Coinbase's USDC lending on Base, launched in September 2025, is the exclusive curator for Robinhood Earn on Robinhood Chain, and runs co-branded partnership vaults with firms including Safe, Grove, Ethena and Bitget. Its vault terms name Carniceria Tropical SA, a wholly owned Panama-incorporated subsidiary of Steakhouse Financial Ltd, as the operator of the vaults.
Latest posts from Steakhouse Financial
70
vaults out of 5871 TVL $2B Avg. return 3.80% Stablecoin-only Updated
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Steakhouse USDG Morpho | 3.8% | 3.4% | 0.9% | 122.5 | 0.0% | 0.0% | USDG | $531.95M $537.74M | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse High Yield USDC Edition Morpho | 2.9% | 2.8% | 1.1% | 135.2 | 0.0% | 0.0% | USDC | $458.64M $464.13M | 0.4 | 0.0%/ 25.0% | Instant | Negligible |  | ||
Steakhouse Prime Instant Morpho | 4.4% | 4.4% | 4.3% | 50.2 | 0.1% | 0.0% | USDC | $292.11M $600.81M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Grove x Steakhouse USDC Morpho | --- | --- | 0.0% | --- | 0.1% | 0.0% | USDC | $176.09M $176.09M | 0.004 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse USDC Morpho | 3.3% | 3.3% | 10.3% | 82.9 | 0.0% | 0.0% | USDC | $123.03M $507.15M | 2.3 | 0.0%/ 25.0% | Instant | Negligible |  | ||
Steakhouse Prime Instant Morpho | 4.4% | 4.1% | 3.3% | 111.7 | 0.0% | 0.0% | USDC | $114.00M $134.25M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Grove x Steakhouse USDC High Yield Morpho | 4.4% | 4.4% | 3.0% | 18.4 | 0.2% | 0.0% | USDC | $103.40M $103.40M | 0.7 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse USDT Morpho | 3.3% | 3.2% | 13.3% | 44.3 | 0.1% | 0.0% | USDT | $82.29M $167.92M | 2.7 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Yield Bearing Steakhouse Morpho USDT Kiln | 2.8%* | 2.7%* | 5.2%* | 44.5 | 0.1% | 0.0% | USDT | $71.15M $96.36M | 1.5 | 0.0%/ 15.0% | Instant | Low |  | ||
Steakhouse USDC Morpho | 4.2% | 3.9% | 14.3% | 56.6 | 0.1% | 0.0% | USDC | $64.96M $512.38M | 2.8 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse Prime Instant Morpho | 3.5% | 3.4% | 2.7% | 50.5 | 0.1% | 0.0% | USDT | $62.41M $85.68M | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse High Yield Instant Morpho | 5.8% | 5.4% | 4.8% | 89.7 | 0.1% | 0.0% | USDC | $47.55M $50.06M | 0.9 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse Confidential Prime USDC Morpho | 7.3% | 7.7% | 2.3% | 55.5 | 0.1% | 0.0% | USDC | $35.84M $44.52M | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Ethena x Steakhouse USDC Morpho | 4.6% | 4.1% | 1.2% | 18.5 | 0.2% | 0.0% | USDC | $31.39M $85.03M | 0.3 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Yield Bearing Steakhouse Morpho USDC Kiln | 3.6%* | 3.3%* | 5.5%* | 56.9 | 0.1% | 0.0% | USDC | $30.48M $59.62M | 1.5 | 0.0%/ 15.0% | Instant | Low |  | ||
Steakhouse High Yield Instant Morpho | 5.0% | 5.2% | 4.9% | 92.5 | 0.1% | 0.0% | USDC | $25.16M $36.80M | 0.9 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Smokehouse USDT Morpho | 4.5% | 4.1% | 9.4% | 27.9 | 0.1% | 0.0% | USDT | $21.64M $52.81M | 1.8 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Grove x Steakhouse USDC Morpho | 4.5% | 4.1% | 2.7% | 19.7 | 0.2% | 0.0% | USDC | $20.41M $37.27M | 0.7 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Smokehouse USDT Kiln | 3.9%* | 3.5%* | 3.3%* | 14.9 | 0.2% | -0.0% | USDT | $18.88M $37.03M | 0.9 | 0.0%/ 15.0% | Instant | Low |  | ||
Steakhouse Prime USDC Morpho | 4.1% | 4.2% | 5.9% | 75.6 | 0.1% | 0.0% | USDC | $14.01M $574.40M | 1.2 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse Reservoir USDC Morpho | 5.3% | 4.4% | 2.8% | 40.2 | 0.1% | 0.0% | USDC | $12.69M $113.99M | 0.7 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Vault Bridge USDC Morpho | 4.3% | 3.9% | 5.1% | 57.9 | 0.1% | 0.0% | USDC | $10.74M $227.29M | 1.4 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse Prime USDC Morpho | 3.3% | 2.0% | 1.8% | 29.0 | 0.1% | 0.0% | vbUSDC | $8.74M $214.65M | 1.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Steakhouse USDT Kiln | 2.8%* | 2.7%* | 4.7%* | 17.5 | 0.1% | 0.0% | USDT | $5.32M $36.47M | 1.5 | 0.0%/ 15.0% | Instant | Low |  | ||
Steakhouse tGBP Morpho | 0.1% | 0.1% | 0.1% | 16.7 | 0.0% | 0.0% | tGBP | $5.18M $5.18M | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse Prime USDC Morpho | 0.1% | --- | 0.0% | 3.3 | 0.0% | 0.0% | USDC | $5.09M $5.09M | 0.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Steakhouse USDC Kiln | 3.6%* | 3.3%* | 5.5%* | 10.2 | 0.3% | -0.0% | USDC | $3.80M $6.85M | 1.6 | 0.0%/ 15.0% | Instant | Low |  | ||
Safe x Steakhouse USDT Morpho | 3.2% | 3.3% | 4.6% | 14.7 | 0.2% | 0.0% | USDT | $3.05M $3.13M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Safe Steakhouse USDT Kiln | 2.9%* | 3.0%* | 4.2%* | 13.8 | 0.2% | -0.0% | USDT | $3.05M $3.12M | 1.4 | 0.0%/ 10.0% | Instant | Low |  | ||
Steakhouse High Yield USDC Morpho | 4.8% | 4.5% | 4.6% | 15.3 | 0.3% | 0.0% | USDC | $2.70M $75.57M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Steakhouse High Yield Morpho | 3.0% | 3.0% | 2.2% | 38.9 | 0.1% | 0.0% | USD₮0 | $2.27M $71.98M | 0.8 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Safe x Smokehouse USDT Morpho | 5.1% | 4.7% | 5.5% | 17.3 | 0.3% | 0.0% | USDT | $1.90M $12.57M | 1.2 | 0.0%/ 11.5% | Instant | Negligible |  | ||
Safe Smokehouse USDT Kiln | 4.6%* | 4.2%* | 4.9%* | 17.2 | 0.2% | -0.0% | USDT | $1.87M $12.56M | 1.2 | 0.0%/ 10.0% | Instant | Low |  | ||
Safe x Steakhouse USDC Morpho | 4.0% | 3.7% | 4.9% | 16.6 | 0.2% | 0.0% | USDC | $1.80M $5.94M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Steakhouse High Yield Morpho | 2.7% | 3.1% | 2.7% | 48.1 | 0.1% | 0.0% | USDC | $1.78M $70.20M | 0.8 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Safe Steakhouse USDC Kiln | 3.6%* | 3.3%* | 4.4%* | 14.2 | 0.2% | -0.0% | USDC | $1.78M $5.93M | 1.4 | 0.0%/ 10.0% | Instant | Low |  | ||
Steakhouse High Yield Instant Morpho | 3.7% | 3.6% | 2.8% | 17.7 | 0.2% | 0.0% | USDT | $1.76M $12.91M | 0.8 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Safe Smokehouse USDC Kiln | 5.1%* | 4.4%* | 5.5%* | 18.9 | 0.2% | -0.0% | USDC | $1.54M $9.05M | 1.2 | 0.0%/ 10.0% | Instant | Low |  | ||
Steakhouse Prime USDC Morpho | 3.0% | 1.7% | 0.4% | 11.6 | 0.1% | 0.0% | vbUSDC | $1.51M $1.60M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Steakhouse Ethena USDtb Morpho | 4.1% | 4.6% | 3.5% | 8.0 | 0.6% | 0.0% | USDtb | $1.50M $120.33M | 1.2 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse High Yield USDC Morpho | 3.2% | 3.1% | 0.8% | 6.6 | 0.5% | 0.0% | vbUSDC | $1.47M $1.75M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Cronos USDC Morpho | 4.4% | 4.1% | 4.6% | 25.0 | 0.2% | 0.0% | USDC | $1.32M $10.62M | 1.1 | 0.0%/ 0.0% | Instant | Negligible |  | ||
infiniFi x Steakhouse USDC Morpho | 6.6% | 6.7% | 2.3% | 19.0 | 0.3% | 0.0% | USDC | $1.24M $9.28M | 0.4 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse Prime XSGD Morpho | 0.2% | 0.4% | 0.5% | 22.5 | 0.0% | 0.0% | XSGD | $1.09M $1.10M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse High Yield USDC v1.1 Morpho | 5.3% | 4.8% | 6.6% | 89.6 | 0.1% | 0.0% | USDC | $1.05M $24.90M | 1.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Morpho V2 Steakhouse High Yield USDC Compounder Unknown vault protocol | --- | --- | 0.4% | 12.3 | 0.4% | 0.0% | vbUSDC | $898.76K $898.76K | 0.08 | 0.0%/ 0.0% | Instant | Unknown |  | ||
Steakhouse Reservoir USDC Morpho | 5.2% | 4.3% | 4.5% | 6.7 | 0.6% | 0.0% | USDC | $578.61K $134.28M | 0.9 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Smokehouse USDC Kiln | 4.6%* | 4.2%* | 5.6%* | 17.9 | 0.2% | -0.1% | USDC | $570.98K $17.58M | 1.1 | 0.0%/ 15.0% | Capped | Low |  | ||
Safe x Steakhouse USDC Morpho | 3.9% | 3.9% | 6.3% | 16.7 | 0.2% | 0.0% | USDC | $522.89K $1.33M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Safe Steakhouse USDC Kiln | 3.5%* | 3.5%* | 5.7%* | 16.4 | 0.2% | -0.0% | USDC | $518.73K $1.33M | 1.4 | 0.0%/ 10.0% | Instant | Low |  | ||
Ledger Multisig Morpho Steakhouse USDT Kiln | --- | --- | 0.1%* | 6.9 | 0.5% | 0.0% | USDT | $502.78K $502.78K | 0.04 | 0.0%/ 10.0% | Instant | Low |  | ||
Morpho Steakhouse Prime v2 USDC Compounder Unknown vault protocol | 2.8% | --- | 0.2% | 11.4 | 0.2% | 0.0% | vbUSDC | $495.04K $495.04K | 0.09 | 0.0%/ 0.0% | Instant | Unknown |  | ||
Crypto.com Onchain Morpho Steakhouse USDT Kiln | 2.8%* | 2.7%* | 3.8%* | 17.8 | 0.1% | -0.0% | USDT | $459.78K $730.63K | 1.3 | 0.0%/ 15.0% | Instant | Low |  | ||
Steakhouse High Yield Instant Morpho | 5.4% | 4.7% | 3.4% | 25.1 | 0.2% | 0.0% | AUSD | $373.43K $11.83M | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse Prime Instant Morpho | 6.4% | 5.8% | 4.5% | 28.9 | 0.2% | 0.0% | PYUSD | $350.55K $795.93K | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Farcaster x Steakhouse Prime Morpho | 4.4% | 4.4% | 3.5% | 59.2 | 0.1% | 0.0% | USDC | $195.32K $1.30M | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Trust Wallet Morpho V2 Steakhouse High Yield USDC Kiln | 2.3%* | 2.7%* | 1.9%* | 36.7 | 0.1% | -0.0% | USDC | $177.14K $4.69M | 0.7 | 0.0%/ 15.0% | Instant | Low |  | ||
Covered Steakhouse High Yield Instant Unknown vault protocol | -1.4%* | -1.5%* | -1.2%* | -9.1 | 0.2% | -1.2% | bbqUSDC | $154.13K $158.10K | 0.7 | --- | Capped | Unknown |  | ||
Trust Wallet Morpho Smokehouse DAI Kiln | 0.0%* | 0.0%* | 3.2%* | 0.4 | 0.0% | -0.0% | DAI | $142.25K $2.51M | 1.0 | 0.0%/ 15.0% | Capped | Low |  | ||
Trust Wallet Morpho Steakhouse USDC Kiln | 2.7%* | 2.8%* | 7.0%* | 7.3 | 0.4% | -0.2% | USDC | $123.65K $6.78M | 1.6 | 0.0%/ 15.0% | Instant | Low |  | ||
Covered Steakhouse High Yield Instant Unknown vault protocol | -1.2%* | -1.1%* | -0.6%* | -20.8 | 0.1% | -0.6% | bbqUSDC | $108.66K $491.33K | 0.5 | --- | Capped | Unknown |  | ||
Ledger Multisig Morpho Smokehouse USDT Kiln | --- | --- | 0.2%* | 7.2 | 0.5% | 0.0% | USDT | $100.76K $100.76K | 0.04 | 0.0%/ 10.0% | Instant | Low |  | ||
Grove x Steakhouse USDG Morpho | 0.0% | 0.3% | 0.1% | 4.3 | 0.1% | 0.0% | USDG | $99.99K $2.02M | 0.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Trust Wallet Morpho V2 Steakhouse High Yield USDT0 Kiln | 2.8%* | 2.5%* | 1.7%* | 15.0 | 0.2% | -0.0% | USD₮0 | $83.78K $4.60M | 0.6 | 0.0%/ 15.0% | Instant | Low |  | ||
Steakhouse infiniFi USDC Morpho | 6.1% | 5.8% | 7.4% | 20.8 | 0.3% | 0.0% | USDC | $73.10K $19.29M | 1.2 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Steakhouse Turbo USDG Morpho | 1.4% | 3.5% | 1.1% | 23.3 | 0.1% | -0.0% | USDG | $50.71K $8.08M | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Grove x Steakhouse AUSD Morpho | 8.8% | 6.0% | 2.5% | 7.6 | 0.8% | 0.0% | AUSD | $39.84K $28.53M | 0.6 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse Prime USDC Morpho | 0.1% | 0.0% | 0.0% | 3.3 | 0.0% | 0.0% | USDC | $29.64K $29.90K | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse High Yield USDT0 Morpho | 0.0% | 0.2% | 6.1% | 2.0 | 0.1% | 0.0% | USD₮0 | $20.65K $72.01M | 1.0 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Steakhouse PaoTech JPYC Morpho | 9.8% | 3.7% | 1.3% | 7.6 | 0.5% | 0.0% | JPYC | $14.45K $139.24K | 0.7 | 0.0%/ 0.0% | Instant | Negligible |  |
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