bbqUSDC vaults
- This stablecoin does not have a price feed available at the moment and we are unable to display peg/depeg rates.
About bbqUSDC vaults
Smokehouse USDC bbqUSDC is used in 2 stablecoin vaults with $262.8K TVL. The largest vault is Covered Steakhouse High Yield Instant.
2 vaults are excluded from this ranking due to minimum TVL requirements or risk issues.
About Smokehouse USDC
bbqUSDC is a MetaMorpho ERC-4626 vault receipt token issued by Steakhouse Financial on Ethereum. Depositors provide USDC and the vault automatically allocates across a wide range of Morpho Blue collateral markets to optimise yield.
bbqUSDC (Smokehouse USDC) is a MetaMorpho vault share token deployed and curated by Steakhouse Financial on Ethereum mainnet. The token represents a proportional claim on USDC deposited into the vault.
Mechanism
The vault is built on Morpho Blue, a permissionless lending primitive. Steakhouse Financial, acting as curator, actively allocates the pooled USDC across multiple Morpho Blue lending markets — each backed by different collateral types — to capture the highest risk-adjusted yield available at any given time. Allocation decisions are made by the curator's automated allocator contracts and its on-chain risk framework.
The "Smokehouse" branding reflects Steakhouse Financial's vault product line. The vanity address prefix 0xBEeFFF… is consistent with the Steakhouse/Morpho vault deployment style.
Key properties
- ERC-4626 compliant receipt token; value appreciates as interest accrues
- Underlying asset: USDC (USD Coin by Circle)
- Curated by Steakhouse Financial on Morpho Blue
- Auto-compounding: no manual claim required
- Deployed on Ethereum mainnet
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Performance and risk
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |  | ||
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 |  |
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