Steakhouse High Yield USDC v1.1

USDC·Base·curated by Steakhouse Financial

APY6.46%+1.55% vs 30d

TVL$2.61M

Risk score20/ 100

Paid for the risk

100% of this vault is in higher-risk collateral, earning +216 bps over a plain USDC vault.

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

What this vault actually does

The Steakhouse High Yield USDC vault aims to optimize for yield on a wide range of collaterals.

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 92.8%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Weighted LLTV across markets is 89.6%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Loading vault…