what's Steakhouse Financial?
Steakhouse Financial is a DeFi protocol focused on providing institutional-grade tools for capital management in decentralized finance. It enables users, including foundations and institutions, to deploy assets into optimized yield vaults that leverage lending protocols like Morpho to generate returns on stablecoins and other assets. The platform emphasizes transparency, security, and real-time risk management, with features like automated rebalancing and exposure limits to mitigate market volatility. Built on Ethereum and compatible chains, Steakhouse vaults allow for permissionless deposits into strategies such as prime and high-yield pools, often powered by open-source lending infrastructure. This setup facilitates efficient capital allocation without traditional intermediaries, aligning with DeFi's ethos of openness. The protocol has gained traction through partnerships and integrations that support large-scale deployments, such as those from the Ethereum ecosystem. Steakhouse Financial positions itself as a bridge between traditional finance needs and DeFi innovation, offering tools for raising, managing, and distributing capital in a secure, auditable manner. Its vaults are designed for stability, with redundant controls and liquidity monitoring to ensure user funds remain accessible even during volatile periods.
Steakhouse Financial increased DRIP rewards for V2 Arbitrum users, adding Farcaster vault integration.
Links
x.com/steakhousefiDistributed increased DRIP rewards to users of the V2 vault on Arbitrum.
Integrated a vault with Farcaster.
Opens position for risk curation engineer focused on Kamino protocol.
Steakhouse Financial hosts panel at Devcon featuring representatives from ABN AMRO, Zerion, and Ethereum Foundation discussing institutional participation in DeFi.
Steakhouse Financial opens new position for Senior Market Infrastructure Software Engineer (remote, full-time/contract).
Steakhouse explains NAV drop in mF-ONE product caused by private credit default.
Company adds Risk Analyst to list of open remote positions.
Steakhouse expands to Solana through integration with Kamino protocol.
Steakhouse vaults integrate with DeFiSaver Smart Savings interface, expanding accessibility to their vault products through a new distribution channel.
Coinbase Earn powered by Morpho and Steakhouse Financial reaches $400m.
Steakhouse Financial becomes one of the first to receive risk ratings from Credora Network for their flagship Steakhouse USDC and USDT vaults on Ethereum.
Hiring expands to include a Senior Market Infrastructure Software Engineer position.
Steakhouse confirms modeling of 100% loss on $24m First Brands exposure while maintaining Morpho lenders remain solvent, but additional write-downs are expected as current marks only include October data and some borrowers sit 4% from liquidation.
Lenders in Steakhouse Financial-curated mF-ONE markets experienced zero impact from the recent 2% drawdown, with third party praising their risk management and preparedness for private credit scenarios.
Credit fund Fasanara One managed by the team sustains 2% write down without liquidations or bad debt, with the strategy still showing positive returns over 5 months.
The team is hiring a Risk Analyst position.
Partners with Grove Finance and launches Grove Data, a new onchain data transparency product.
Monad Core Vault enters incentivized phase with 7-day moving average rate statistics now available. Chronicle Labs secures the infrastructure for the AUSD vault on Morpho.
High Yield AUSD vault on Morpho provides 33% APY through MON and AUSD token incentives on Monad network.
Morpho vault ranks among top TVL recipients on Monad Mainnet Day 2, with the network achieving over 100M in stablecoin TVL across leading protocols including Uniswap, Gearbox, and Curve.
Battles Gauntlet for leadership position on Morpho as vault curator in early-stage market.
Deploys Morpho protocol on Monad blockchain.
Morpho vaults achieve position as largest USDC provider on Base lending markets, with V2 version now recommended for DeFi users.
Yassin El Idrissi speaks on institutional adoption panel at Puffer VIP Dinner event in Argentina with representatives from Ethereum Foundation, Zerion, and traditional bank ABN AMRO.
Emerged from recent 10/10 and stream finance market events without incurring bad debt, alongside Gauntlet receiving industry congratulations for risk management performance.
Team member co-founds 3FLabs, developing tokenized arbitrage funds with adjustable leverage capabilities for DeFi yield seekers.
Operates 45 vaults on Morpho with ~$1.2 billion in total assets supplied.
Currently ranks as the second-largest vault curator on Morpho Labs after Gauntlet, followed by Spark.
Leads Morpho curators with $115k in fees captured during November 3-9 week, when total curator fees reached record $370k.
Announces integration with Nook on Base chain, expanding user base.
Morpho v2 deployment adds adapter system allowing vaults to integrate with any external contract beyond Morpho markets, force withdrawal capability with curator-set penalty fees currently at 0, and dual DAO structure where depositors lock shares to vote on proposals like asset cap allocation changes.
Company seeds $2.5M into Steakhouse High Yield Instant vault on mainnet, a Morpho v2 vault investing in Smokehouse USDC that introduces a new Instant feature with details to be revealed in coming weeks.
Vaults V2 product goes live with multiple curator partnerships including Keyrock, Clearstar Labs, Gauntlet, Re7Labs, Hyperithm, and kpk_io for institutional onchain asset management.
Steakhouse vaults use Aragon Project onchain Guardians to allow users to veto collateral onboarding proposals from the curator.
Steakhouse Financial holds investments in its own Smokehouse/High Yield products on Ethereum and Base chains.
Steakhouse Financial implements programmatic and automated token buybacks with pre-determined parameters in collaboration with Lido Finance.
Representative speaks at Strobe Ventures Summit on November 13 alongside speakers from BlackRock, Morpho, and JHI Advisors at event focused on replatforming Wall Street and institutional crypto.
Reservoir protocol driven by Steakhouse experienced $350 million in redemptions over two weeks from $450 million peak, with remaining backing comprising illiquid vaults and questionable Bera chain positions affected by Balancer hack. Steakhouse retains borrowing exposure to mF-ONE token with no instant liquidity, month-long redemption cycle, and questionable transparency.
Steakhouse Financial avoided the Bal v2 exploit affecting other vault curators and is positioned as one of the three biggest vault curators on Katana platform alongside Gauntlet and Yearn.
Liquidity analysis reveals bbqUSDC vault experienced minimal illiquidity with near 0% at only 2 data points and under 1% at 6 data points, outperforming other Morpho vaults including Relend which has $5M stuck/lost.
Vaults experienced zero losses during recent market chaos while facilitating the most withdrawals for lenders needing liquidity. Company reallocated $1.5m from other chains to Smokehouse High Yield vault on Mainnet to capture higher rates.
Vaults now hold over 50% of all Ethereum USDC deposited on Morpho Labs platform.
Market allocations for Smokehouse Morpho Labs products are being progressively reopened following liquidity recovery, with stability still uncertain.
Steakhouse Financial shows $1.6m in annual revenue with $1.7b TVL according to DefiLlama data and reports.
Vaults hold no exposure to mHYPER, xUSD, and yUSD assets amid market safety concerns, with these assets failing to meet risk standards and never being accepted as collateral in any product.
Qualified custodian Chorus One announces Chorus One Earn, offering yield curated by Steakhouse Financial to treasuries, funds, and institutional clients.
The EF deploys assets into vaults on MorphoLabs infrastructure, with vaults protected by AragonProject trustless guardians.
Vaults remain unaffected during market volatility event with continuous liquidity availability maintained through active 24/7 risk management protocols across Prime and High Yield vaults.
Partnership with Crypto.com brings noncustodial USDC Earn to millions of users with up to 7% APR using a curated Morpho Vault. Morpho-powered lending and borrowing deployment on Cronos chain announced as upcoming development.
Company represented at major CV Summit RWA panel with UBS, Animoca Brands, and other industry leaders.
The USDC lending product through Coinbase integration offers a 4.5% passive yield rate.
Live user data shows $10.12 earnings plus $6.14 in MORPHO rewards from the Coinbase lending integration in under 24 hours.
Co-founder joins CV Summit 2025 panel on RWA tokenization alongside executives from Animoca Brands and UBS Asset Management on September 23rd.
USDC lending vaults curated by the project are now rolling out to select Coinbase users, powered by Morpho Labs.
Upcoming 5.6% yield product on EURC curated by the project, featuring similar risk exposure to Coinbase's USDC lending.
Lending rates reach 10.8% APY on Base network with integration bringing DeFi services to Coinbase users.
New USDC vaults launch on Ethereum via MorphoLabs with triweekly rewards distribution.
Grove Finance emerges from stealth with $1bn allocation to AAA CLOs through partnerships with Janus Henderson and Centrifuge, while Q2 metrics show 52% YoY ecosystem stablecoin growth and 251% lending demand increase.
Two new high-yield vaults for USDC and USDG launch on Kamino Earn platform with V2 Markets deployment strategy.
Institutional investors initiate significant capital allocation to protocol within past week.
Prime vaults on Base network offer 7%+ lending yield for BTC and stETH collateral through MorphoLabs partnership.
Protocol reaches $1B TVL milestone according to DeFiLlama metrics.
Active expansion phase with multiple remote positions open, including Senior Full Stack Engineer role offering $200-250K compensation.
Launches mF-ONE, first fully on-chain private credit initiative, led by Stake Capital to bring private credit strategy to DeFi.
Integration delivers real-time NAV attestation and PoR architecture covering 600,000+ credit positions across 60 countries via eOracle network.
Partners with Fasanara Capital and Midas RWA to bring institutional private credit to DeFi yields.
Grove Finance, co-founded by Steakhouse leader, deploys $1B into tokenized AAA CLO strategy as first private credit offering in Sky Ecosystem.
Prime USDC Vault reaches $18M TVL, becoming leading stable yield vault on Kamino Lend V2
Launches curated Pendle market on Morpho Labs platform offering 47% APR at 10x leverage.
Partners with Cantina and industry leaders to launch Web3SOC, first institutional framework for DeFi evaluation.
Expands ETH yield offerings with two new automated high-risk vault strategies through 0xfluid and Morpho partnerships.
Launches new ETH and WSTETH repo markets on Unichain platform with focus on low tail-risk.
Controls 36% of Morpho Labs' USDC deposits, with Morpho crossing 1/3 of Aave's total USDC deposits on Ethereum.
Implements Aragon Project's trustless guardians for protocol security enhancement.
Reaches #2 ranking on Morpho Labs lending platform.
$4.29M total deposits with current USDC lending APY at 8.20%
Apollo's $785B fund brings first regulated RWA credit fund to Solana, enabling leverage strategies post-audit.
New tokenized credit fund enables borrowing and leverage for real-world assets on Solana via multi-platform collaboration.
Automated vault offering 15.5% APY on USDC deposits, featuring gas optimization and automated management.
New USDC vault launches offering 9% yield and 5x Level XP boost.
Appointed as official risk contributors for Kamino, leading development of lending vaults and RWA markets.
Platform reaches $600M TVL milestone on Morpho Labs.
Prime vault yields 4.95% vs Aave's 3.85% USDC lending, while maintaining 41.7% staking ratio.
lvlUSD minting with Aave assets now offers up to 26.33% APY through Pendle Finance pools and Morpho Labs lending.
New partnership established for vault curation in VaultBridge infrastructure alongside Gauntlet and MorphoLabs.
$150M AAVE whale validates protocol vaults' safety and intelligence features.
LevelUSD joins as newest stablecoin issuer utilizing Morpho vaults, expanding institutional adoption.
New PT-syrupUSDC-28AUG2025/USDC market launches on Morpho Labs platform.
Protocol vaults remove all exposure to rsETH following KelpDAO incident, pending further technical review.
New USDC vault partnership with Morpho Labs delivers 7.07% APY over 6 months, expanding reserve diversification capabilities.
Earn vaults now integrated with Trust Wallet, expanding platform accessibility.
New stablecoin yield farming now available through Trust Wallet integration, utilizing USDA-backed vaults.
SuperETH platform adds new ETH yield source with 7%+ APY yield farming opportunity.
A NASDAQ-listed company actively uses Morpho vaults, indicating institutional adoption.
Currently curates 5 of the top 10 Morpho Labs vaults, demonstrating protocol integration success.
Vaults achieve $500M TVL through collaboration with MorphoLabs and Gauntlet.
Native BTC lending and borrowing launches on OKU with LBTC collateral and $CORN rewards.
BTCFi lending and borrowing protocol launches on OKU, powered by Morpho Labs technology.