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Grove x Steakhouse AUSD

Risk reportEthereum0xbeef…a98a

Risk

Depositing into Grove x Steakhouse AUSD means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.

Morpho BlueVault (aggregates across markets)
How much could be lost?
39%of your deposit if collateral falls 50%Only smart-contract bug reaches a total 100%, with no warning to exit.
Can I exit?
Via underlying marketsonly governance changes give a 14-day timelock to exit — every other modeled failure is no-warning
What backs it?
No committed backstopnothing committed would cover a loss
Track record
No pool-level losses recorded36 audits, latest Dec 15, 2025

Collateral and oracle exposure

Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.

If collateral prices dropper asset · no liquidations · stress estimate
est. bad debt up to 17% of deposit

Driven by wstETH −30% 9% · cbBTC −30% 4% · WBTC −30% 3% · other 1% · −100% 93% modeled all-to-zero bad-debt ceiling

wstETHMarket46%of vault · bad debt · $14,212Oracle exposure 3%

What it's made of

wstETH token page
Market· Chainlink(composite)

wstETH is priced via Custom price feed for wstETH / ETH × ETH / USD — 2-hop market-rate feeds (Chainlink).

BaseCustom price feed for wstETH / ETHMarketETH / USDMarketChainlink
Markets this collateral backs · 2
  • → AUSD86% LLTV0x038c…7a03Chainlink
  • → AUSD86% LLTV0xe087…9f9fChainlink
Aggregate Collateral Trust (ACT):$624.7m110 vaultsToken:0x7f39…2ca0Allocation: 49% of the vault · $15,142

If it breaks

−30% default
At −30%:est. bad debt up to 9% of depositUses 2 market LLTV curves · capped at allocation $15,142 · drag to set this asset's drop
Oracle exposure: up to 3% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
cbBTCHybrid23%of vault · bad debt · $7,233Oracle exposure 2%

What it's made of

cbBTC token page
Hybrid· Chainlink(managed)

cbBTC uses a deviation/timelock managed oracle over Chainlink price-source leg(s), not a direct raw market-rate feed.

BaseDeviation/timelock managed oracle wrapperQuoteChainlink underlying price-source leg(s)
Markets this collateral backs · 2
  • → AUSD86% LLTV0x4c6e…610cChainlink
  • → AUSD86% LLTV0x9f98…34d2Chainlink
Aggregate Collateral Trust (ACT):$299.77m104 vaultsToken:0xcbb7…33bfAllocation: 25% of the vault · $7,704

If it breaks

−30% default
At −30%:est. bad debt up to 4% of depositUses 2 market LLTV curves · capped at allocation $7,704 · drag to set this asset's drop
Oracle exposure: up to 2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
WBTCHybrid18%of vault · bad debt · $5,421Oracle exposure 2%

What it's made of

WBTC token page
Hybrid· Chainlink(managed, aggregator)

WBTC uses a deviation/timelock managed oracle over Chainlink price-source leg(s), not a direct raw market-rate feed.

BaseDeviation/timelock managed oracle wrapperQuoteChainlink underlying price-source leg(s)
Markets this collateral backs · 2
  • → AUSD86% LLTV0x09db…dec4Chainlink
  • → AUSD86% LLTV0xf156…0cf4Chainlink
Aggregate Collateral Trust (ACT):$432.4m93 vaultsToken:0x2260…c599Allocation: 20% of the vault · $6,022

If it breaks

−30% default
At −30%:est. bad debt up to 3% of depositUses 2 market LLTV curves · capped at allocation $6,022 · drag to set this asset's drop
Oracle exposure: up to 2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
WETHMarket5%of vault · bad debt · $1,399Oracle exposure 0.3%

What it's made of

WETH token page
Market· Chainlink(aggregator)

WETH is priced via ETH / USD — market-rate feed (Chainlink).

BaseETH / USDMarketChainlink
Markets this collateral backs · 2
  • → AUSD86% LLTV0x727c…a54dChainlink
  • → AUSD86% LLTV0x0f94…4580Chainlink
Aggregate Collateral Trust (ACT):$845.38m28 vaultsToken:0xc02a…6cc2Allocation: 5% of the vault · $1,492

If it breaks

−30% default
At −30%:est. bad debt up to 0.8% of depositUses 2 market LLTV curves · capped at allocation $1,492 · drag to set this asset's drop
Oracle exposure: up to 0.3% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
sUSDSHybrid1%of vault · bad debt · $428.65Oracle exposure 0.1%

What it's made of

sUSDS token page
Hybrid· Chainlink(composite, managed)

sUSDS uses a composite oracle path; verified external provider(s): Chainlink.

BaseComposite base price pathQuoteChainlink quote feed path
Markets this collateral backs · 1
  • → AUSD95% LLTV0x954f…f230Chainlink
Aggregate Collateral Trust (ACT):$6.78m23 vaultsToken:0xa393…7fbdAllocation: 1% of the vault · $456.97

If it breaks

−30% default
At −30%:est. bad debt up to 0.4% of depositUses 1 market LLTV curve · capped at allocation $456.97 · drag to set this asset's drop
Oracle exposure: up to 0.1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

+2 markets with no current position

Oracle dependencies

1 feed1 control point

Up to7%of vault drainable if these feeds are mispriced · $2,123

Each price traces to a feed and the onchain admin that can move it. Compromise either to misprice the collateral and borrow against it. Per-row amounts overlap and are not summed.

  • Chainlink·a 4/9 Safe multisigprices cbBTC, WBTC, wstETH, WETH, weETH, sUSDS0x21f7…73ca7% of vault · $2,123drainable if it is compromised
Updated 19min agoSources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql