Steakhouse Financial00

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.

Snapshot

Steakhouse Financial app enables seamless one-step Morpho v1 to v2 upgrades; a high-yield USDT0 vault is live.

6D ago
TECH EVENTOfficial

Enables seamless one-step upgrade from Morpho v1 positions to Morpho v2 through the Steakhouse Financial app.

MARKET ACTIVITY

High Yield USDT0 vault on Morpho deployed on Monad and integrated with Skate 1-Click.

1W ago
PARTNERSHIP

AUSD Turbo vault is available as a covered vault product on OpenCover, powered by Nexus Mutual, offering 10.16% APY with 2.83% streaming to pay for insurance coverage.

2W ago
VISIBILITY EVENT

Has a live company page on the serotonin_hq platform, consolidating team information and events in one view.

RISK ALERTOfficial

Warns users following front-end attack March 30, 2026, via DNS hijack and social engineering of OVH Cloud, affecting main domain and app subdomain with wallet drainer. Vaults on Morpho remained secure, no user fund losses; operations resumed April 1, 2026.

3W ago
VISIBILITY EVENTOfficial

Attended Digital Asset Summit in New York on March 24, 2026.

RISK ALERT

USDC vault affected by Resolv exploit that impacted the Morpho ecosystem.

RISK ALERTOfficial

Maintained zero exposure and zero losses across all vaults to Resolv's March 22, 2026 exploit, where an attacker compromised SERVICE_ROLE key, minted 80M unbacked USR tokens, and extracted $30M. Reduced all exposure to Resolv, notified by Hypernative Labs.

PARTNERSHIPOfficial

Partnered with Cork Protocol to produce a report on assessing, pricing, and managing liquidity risk across onchain markets.

ONCHAIN METRICS

Morpho vaults secured $6 million of deposits from the Ethereum Foundation, with depositors above a certain threshold having veto rights over vault changes or the ability to exit using Aragon Project.

1M ago
PARTNERSHIPOfficial

Launches deSPXA/USDC lending market on Morpho on Base, enabling USDC borrowing against S&P 500 exposure with 77% LTV, partnering with Privy.

VISIBILITY EVENTOfficial

Presented at the inaugural House of SOL Allocator Forum in London on March 13, 2026, with over 400 sign-ups and a packed room of increasingly institutional attendees.

MARKET ACTIVITY

Provided $10 million in liquidity for PT-USDG/USDC borrowing on Morpho.

PARTNERSHIP

Integrated Morpho strategy into Summer Finance's Lazy Summer vaults on DeFi Saver Smart Savings platform as one of multiple yield providers.

PARTNERSHIP

Curates Morpho vaults on Katana integrated into ShapeShift's Earn page alongside Yearn Finance.

PARTNERSHIP

Integrated Morpho's USDC lending vault into Ramp Network app.

TECH EVENTOfficial

Implemented Guardian mechanism on Morpho vaults, allowing depositors to veto parameter changes via Aragon DAO with a seven-day timelock, and lender-side safeguards on Kamino lending vaults. These depositor protection mechanisms are now live across all Steakhouse-curated vaults.

TECH EVENT

Launched vault 'box' as a strategy and leverage execution layer, wrapping Morpho v2 (v1-wrapped) vaults on Base through Nook.

TECH EVENTOfficial

Launched term vaults for yield exposure via liquid lending sleeves, stablecoins, and Pendle tokens. Launched USD Machine on Makina for multi-chain USD yield strategies, featuring one-deposit automated yield aggregation and trustless NAV accounting.

VISIBILITY EVENT

Received mention in Ceazor's daily crypto market commentary roundup on March 4, 2026, in connection with Turbo Vaults.

ONCHAIN METRICS

Received $120M in Prime USDC vault deposits in 24 hours ending 2026-03-04, with total deposits now at $170M and 42-69% atomic liquidity.

ONCHAIN METRICS

Reached €1,000,000 in deposits for Safe x Steakhouse Financial EURCV vault within 7 days, as Euro stablecoins including EURCV surpassed $1 billion in total value.

TECH EVENTOfficial

Launched AUSD Turbo and AUSD Term products on 2026-03-03, offering up to 25% APY for AUSD. Launched BTC carry trade Turbo vaults on Sats Terminal the week of March 11, 2026, offering 5% APR on Bitcoin deposits, including a cbBTC Carry vault with $100k capacity and noncustodial guarantees.

FINANCIAL EVENTOfficial

Launched App with AUSD Turbo and AUSD High Yield Term vaults, including exclusive rewards program starting March 2026.

PARTNERSHIP

Integrated vaults with Binance Wallet.

VISIBILITY EVENT

Co-Founder Sébastien Derivaux will speak at Stable Summit IV in Cannes on March 27-28, 2026, presenting on institutional credit, vault curation, and scaling real-world assets in DeFi.

TECH EVENT

Launched unified platform March 3rd, 2026, integrating all existing products and chains with noncustodial design and full risk visibility.

PARTNERSHIP

Collaborated with hagaetc to develop enterprise stablecoin data analytics with activity and entity labeling capabilities.

PARTNERSHIPOfficial

Launched EURCV lending markets on Morpho, integrating DeblockApp for EURCV vaults and Societe Generale's EURCV token, on February 26, 2026.

PARTNERSHIP

Integrated EURCV Vault with Safe's multisig interface and Morpho, offering 11.03% APR on EURCV deposits for institutions and treasuries.

ONCHAIN METRICS

Steakhouse Prime USDC vault on Morpho achieved 3.84% 7-day APY and holds 29.98% allocation in the Stable Jack agent strategy managing $265M TVL.

RISK ALERT

Discovered a dev key controlling the upgrade of a nine-figure collateral asset currently live on repo markets.

2M ago
PARTNERSHIP

Vaults available on Anchorage platform for institutional clients.

PARTNERSHIP

Launched stablecoin dataset with Dune Analytics, covering 200+ stablecoins across 37 chains, powering Visa's Local Stablecoin Report and providing non-USD stablecoin transfer volume trends.

TEAM UPDATE

Steakhouse Financial ceased producing financial reports for Sky Ecosystem after Q3 2025, with reporting responsibilities transitioning to Sky Ecosystem Insights and Frontier Foundation starting Q4 2025.

VISIBILITY EVENT

Recognized in Token Terminal publication.

TECH EVENT

Launched Generic Money stablecoin protocol with white label wrapping mechanism, native cross-chain support via LayerZero, and integration with Morpho vaults for yield generation.

3M ago
FINANCIAL EVENT

Distributed increased DRIP rewards to users of the V2 vault on Arbitrum.

PARTNERSHIP

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.

4M ago

Company adds Risk Analyst to list of open remote positions.

Official

Became a whitelisted vault curator on Kamino with restricted access to Kamino-whitelisted markets. Temporarily reduced exposure to JLP Market on Kamino and SOL positions on Base and Monad due to liquidity drawdowns, planning to revert shortly.

Steakhouse vaults integrate with DeFiSaver Smart Savings interface, expanding accessibility to their vault products through a new distribution channel.

Deposits into Steakhouse vaults on Morpho from Coinbase users reached $450M.

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 entered incentivized phase with 7-day moving average rate statistics available; restored liquidity in its USDC vault with increased APY. Chronicle Labs secured infrastructure for 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.

Manages ~$1.5B in assets, operates 45 vaults on Morpho with $1.9B assets under curation and zero bad debt, using the same risk framework.

5M ago

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.

Launched Vaults V2 with multiple curator partnerships including Keyrock, Clearstar Labs, Gauntlet, Re7Labs, Hyperithm, and kpk_io, curating Morpho Vaults accessible to institutional users via Ledger Enterprise Multisig through Kiln.

Partnered with Aragon Project to serve as Morpho vault Guardians, providing onchain protections for depositors and allowing users to veto collateral onboarding proposals.

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 Ethereum Foundation uses Steakhouse vaults as their biggest stablecoin investment.

The EF deploys assets into vaults on MorphoLabs infrastructure, with vaults protected by AragonProject trustless guardians.

6M ago

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.

7M ago

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.

8M ago

Protocol reaches $1B TVL milestone according to DeFiLlama metrics.