Steakhouse PYUSD

deposits closed

PYUSD·Ethereum·curated by Steakhouse Financial

APY0%-4.79% vs 30d

TVL$269.42K

Risk score4/ 100

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

What this vault actually does

The Steakhouse PYUSD vault aims to optimize yields by lending PYUSD against blue chip crypto and real world asset (RWA) collateral markets, depending on market conditions. We call this the “dual engine.”

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.

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

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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