WebacyStablecoin Universe
OverviewAlertsBackingYieldUpcomingEventsVault IncidentsGraveyardSupply FlowsStablecoin BurnsFreeze IntelligenceModelDocsVault UniverseEcosystemVault StatsProtocolsAbout
← Back to vaultsDocumentation

Steakhouse USDC

0xbeef010f9cb27031ad51e3333f9af9c6b1228183View on depeg monitor →

baseerc4626 vault16.9 (low)Needs attentionStale (53d)

Last scored: 4/16/2026, 9:22:35 AM⚠ May be stale

Low risk16.9/100High risk

Top 3 risk drivers

  1. Centralization40 pts(+4.80 to score)
  2. Strategy50 pts(+2.50 to score)
  3. TVL outflow89.8 pts(+1.80 to score)

Share price: $1.0914

Score history (30d, 62 snapshots)-22 pts since 2026-04-03
297050100

Alert History

Loading alert history…

✓ Safe to list

Low composite risk score. Standard disclosures apply.

Withdrawal risk: Some liquidity pressure

86% utilization — withdrawals may be slow or partially queued.

TVL trend

TVL down 4490% in 30 days— outflow risk

What's in this vault

Deposits

USDC

LST / LRT collateral— 0.2% of TVL

cbETH

LST/LRT collateral carries redemption lag — under correlated sell pressure, exit queues can stretch hours to days.

What this vault is exposed to

You deposit USDC. Here's what backs your position.

cbBTC
93.7%
$254.2M86% LTV
WETH
6.1%
$16.5M86% LTV
cbETH
0.2%
$453K86% LTV
wstETH
0.0%
$086% LTV
?
0.0%
$0
cbETH
0.0%
$94K77% LTV

Source: Morpho markets

Rating breakdown

Sub-scores sorted by contribution. Each bar is relative to the top contributor.

TVL outflow89.8
liquidation_proximity85
market_concentration55
Strategy50
Centralization40
fee_drain25
oracle20
utilization15
Asset5
Protocol risk1

Score 17 (LOW). Primary drivers: centralized governance, complex strategy, high utilization.

Risk flags

EOA ownerHigh utilisationliquidation_proximity_riskLST redemption lagmetamorpho_fork_donation_riskshared_curator_risk

Recursive lending & looping

Loop exposure

0.0%

Trading Strategy technical risk

From Trading Strategy's Vault Technical Risk Framework

Negligible

Funding regime

Perp funding rate data (healthy vs compressed/inverted) will indicate when vault yield is from stable vs stressed conditions. Coming soon.