Waterline Reservoir USDC

deposits closed

USDC·Ethereum·curated by Waterline

APY5.58%-0.63% vs 30d

TVL$777.52K

Risk score15/ 100

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

What this vault actually does

The Steakhouse Reservoir USDC vault aims to optimize yield on USDC lending against a wide range of collateral assets from the Reservoir ecosystem.

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.

Weighted LLTV across markets is 94.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Cap-weighted utilization is 90.4%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Loading vault…