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Steakhouse High Yield USDC

Risk reportMonad0xbeef…ab83

Risk

Depositing into Steakhouse High Yield USDC 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?
20%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 7-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 7% of deposit

Driven by WBTC −30% 3% · WMON −30% 2% · XAUt0 −30% <1% · other <1% · −100% 53% modeled all-to-zero bad-debt ceiling

WMONMarket22%of vault · bad debt · $43,632Oracle exposure 3%

What it's made of

WMON token page
Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC77% LLTV0x59e4…1a6aChainlink
Aggregate Collateral Trust (ACT):$584,1326 vaultsToken:0x3bd3…433aAllocation: 25% of the vault · $49,230

If it breaks

−30% default
At −30%:est. bad debt up to 2% of depositUses 1 market LLTV curve · capped at allocation $49,230 · 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
WBTCMarket17%of vault · bad debt · $32,699Oracle exposure 2%

What it's made of

WBTC token page
Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC86% LLTV0xff07…26f5Chainlink
Aggregate Collateral Trust (ACT):$178,4347 vaultsToken:0x0555…2b9cAllocation: 19% of the vault · $37,015

If it breaks

−30% default
At −30%:est. bad debt up to 3% of depositUses 1 market LLTV curve · capped at allocation $37,015 · 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
XAUt0Market10%of vault · bad debt · $20,062Oracle exposure 2%

What it's made of

XAUt0 token page
Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC77% LLTV0xe0b4…94aaChainlink
Aggregate Collateral Trust (ACT):$25,7495 vaultsToken:0x01bf…1071Allocation: 12% of the vault · $24,305

If it breaks

−30% default
At −30%:est. bad debt up to 0.9% of depositUses 1 market LLTV curve · capped at allocation $24,305 · 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
WETHMarket4%of vault · bad debt · $7,692Oracle exposure 0.4%

What it's made of

WETH token page
Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → USDC86% LLTV0xf06b…5396Chainlink
Aggregate Collateral Trust (ACT):$61,6017 vaultsToken:0xee8c…1242Allocation: 4% of the vault · $8,544

If it breaks

−30% default
At −30%:est. bad debt up to 0.7% of depositUses 1 market LLTV curve · capped at allocation $8,544 · drag to set this asset's drop
Oracle exposure: up to 0.4% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
Unallocated (incl. $77,264 idle)39% · $77,268

+7 markets with no current position

Oracle dependencies

1 feed1 control point

Up to8%of vault drainable if these feeds are mispriced · $15,009

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 syrupUSDC, WMON, wstETH, WETH, WBTC, XAUt0, AA_FalconXUSDC0x7387…c4f18% of vault · $15,009drainable if it is compromised
  • Unidentified feeds· vendor and onchain control not resolvedprices sUSDe<1% of vault · $0.000082mispriceable if these feeds lie
Updated just nowSources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql