Smokehouse WSTETH

wstETH·Ethereum·curated by Steakhouse Financial

APY5.78%+4.84% vs 30d

TVL$3.98M

Risk score34/ 100

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

What this vault actually does

The Smokehouse wstETH vault aims to optimize for yield on LRT collateral through wstETH as the primary liquidity buffer. This is a vault for Lido stETH enjoyers.

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.

Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.

Every market relies on an external price feed. A stale or manipulated feed can mis-price collateral and produce unrecoverable bad debt.

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