Steakhouse High Yield USDT0

USDT0·Monad·curated by Steakhouse Financial

APY4.27%+1.11% vs 30d

TVL$2.54K

Risk score36/ 100

Worse than a plain vault

96% of this vault sits in exotic / elevated-risk collateral, yet it earns 1.96% on USDT0 versus 7.37% for a plain USDT0 vault (-541 bps). You're not being paid for the extra risk.

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

What this vault actually does

Steakhouse Financial USDT0 vault on Monad, allocating across 7 Morpho Blue markets.

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 89.6%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Primary loan or collateral asset is a stablecoin. A sustained depeg below 99 cents impacts NAV and disables liquidation routing for non-USD collateral.

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