Steakhouse High Yield USDC v1.1

USDC·Base·curated by Steakhouse Financial

APY4.73%-0.17% vs 30d

TVL$4.06M

Risk score25/ 100

Thin premium for the risk

80% of this vault is in exotic / elevated-risk collateral, but it earns just +74 bps over a plain USDC vault — a thin premium for the added tail risk.

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.

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

Vault is split across 21 markets. More markets means more parameter surface area for the curator to monitor.

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