Steakhouse High Yield USDC

0xcbeef01994e24a60f7dcb8de98e75ad8bd4ad60dView on depeg monitor →

baseerc4626 vault18.1 (low)Needs attentionStale (53d)

Last scored: 4/16/2026, 9:25:18 AM⚠ May be stale

Low risk18.1/100High risk

Top 3 risk drivers

Centralization40 pts(+4.80 to score)
Strategy50 pts(+2.50 to score)
TVL outflow100 pts(+2.00 to score)

Share price: $1.0318

Score history (30d, 62 snapshots)-20 pts since 2026-04-03

Alert History

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✓ Safe to list

Low composite risk score. Standard disclosures apply.

TVL trend

TVL down 5160% in 30 days— outflow risk

What's in this vault

Deposits

USDC

LST / LRT collateral— 11.0% of TVL

cbETHweETH

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.

WETH

87.6%

$107K86% LTV

weETH

5.4%

$7K77% LTV

cbETH

4.8%

$6K77% LTV

LBTC

1.1%

$1K86% LTV

cbETH

0.8%

$97686% LTV

cUSDO

0.4%

$44592% LTV

cbBTC

0.0%

$086% LTV

AERO

0.0%

$063% LTV

wstETH

0.0%

$086% LTV

0.0%

Source: Morpho markets

Rating breakdown

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

TVL outflow100

liquidation_proximity85

market_concentration55

Strategy50

Centralization40

Size25

fee_drain25

oracle20

utilization15

Maturity10

Asset5

Depeg3.9

Protocol risk1

Score 18 (LOW). Primary drivers: centralized governance, complex strategy, high utilization.

Risk flags

EOA ownerHigh utilisationliquidation_proximity_riskLow TVLLST 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.