Steakhouse Prime USDC

vbUSDC·Katana·curated by Steakhouse Financial

APY11.5%+9.88% vs 30d

TVL$26.79M

Risk score48/ 100

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

The Steakhouse Prime USDC vault aims to optimize yields by lending USDC against blue chip crypto assets.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Cap-weighted utilization is 98.8%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Weighted LLTV across markets is 86.0%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

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