Steakhouse High Yield USDC v1.1

USDC·Base·curated by Steakhouse Financial

APY5.5%+0.59% vs 30d

TVL$2.58M

Risk score33/ 100

Paid for the risk

96% of this vault is in exotic / elevated-risk collateral, earning +127 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 89.9%, 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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