# SteakHouse Financial **URL:** https://forum.morpho.org/c/vaults/steakhouse-financial/18.md [Latest](https://forum.morpho.org/latest.md) · [Categories](https://forum.morpho.org/categories.md) · [Tags](https://forum.morpho.org/tags.md) --- ## [Key information on Steakhouse branded vaults](https://forum.morpho.org/t/key-information-on-steakhouse-branded-vaults/1343)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [January 6, 2025, 3:16pm UTC](https://forum.morpho.org/t/key-information-on-steakhouse-branded-vaults/1343 "2025-01-06T15:16:05Z")
This post provides a high level overview of the different Steakhouse branded vaults in production across vault lines to help people understand if a vault is a possible consideration. Nothing here is financial advice and … --- ## [About the SteakHouse Financial category](https://forum.morpho.org/t/about-the-steakhouse-financial-category/550)
**Author:** [@MorphoAssociation](https://forum.morpho.org/u/MorphoAssociation)\ **Replies:** 0
--- ## [weETH Collateral: Prime Onboarding Proposal](https://forum.morpho.org/t/weeth-collateral-prime-onboarding-proposal/2254)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [May 5, 2026, 10:44am UTC](https://forum.morpho.org/t/weeth-collateral-prime-onboarding-proposal/2254 "2026-05-05T10:44:36Z")
Summary Steakhouse proposes onboarding weETH as eligible collateral for Steakhouse Prime Morpho vaults across ETH and USD lending markets. The proposal follows a full protocol review benchmarked against our internal Prim… --- ## [Steakhouse Vault V2 simplification](https://forum.morpho.org/t/steakhouse-vault-v2-simplification/2235)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 2\ **Last updated:** [April 29, 2026, 12:54pm UTC](https://forum.morpho.org/t/steakhouse-vault-v2-simplification/2235 "2026-04-29T12:54:06Z")
As part of a requested migration by Morpho, Steakhouse V2 vaults will progressively transition from allocating to Morpho Vault V1s to allocating directly to the Markets V1 Adapter in order to remain visible in the Morpho… --- ## [Improving Oracles on Eligible Markets](https://forum.morpho.org/t/improving-oracles-on-eligible-markets/2250)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [April 27, 2026, 9:17am UTC](https://forum.morpho.org/t/improving-oracles-on-eligible-markets/2250 "2026-04-27T09:17:25Z")
Steakhouse is upgrading the oracle architecture of our Prime BTC and ETH related markets on Ethereum mainnet. Previously, cbBTC markets used a single BTC hardcoded Chainlink feed on the collateral price, with no fall-bac… --- ## [\[Steakhouse\] Introducing MetaOracleDeviationTimelock](https://forum.morpho.org/t/steakhouse-introducing-metaoracledeviationtimelock/1850)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 2\ **Last updated:** [March 2, 2026, 12:34pm UTC](https://forum.morpho.org/t/steakhouse-introducing-metaoracledeviationtimelock/1850 "2026-03-02T12:34:34Z")
Committed to Morpho’s long-term success, Steakhouse is proud to contribute a new public good to the Morpho ecosystem: the MetaOracleDeviationTimelock, designed for use with Morpho Markets v1. As many of you know, severa… --- ## [Launching Supervisor v2 and Migration Plan](https://forum.morpho.org/t/launching-supervisor-v2-and-migration-plan/2189)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 1\ **Last updated:** [March 2, 2026, 12:34pm UTC](https://forum.morpho.org/t/launching-supervisor-v2-and-migration-plan/2189 "2026-03-02T12:34:17Z")
Today we are launching Supervisor v2 and beginning the progressive migration of Steakhouse-curated V2 vaults to this new control layer. Supervisor v2 enforces the non-custodial guarantees that institutional DeFi infrast… --- ## [Notice of USDL winddown](https://forum.morpho.org/t/notice-of-usdl-winddown/2062)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [October 29, 2025, 9:35am UTC](https://forum.morpho.org/t/notice-of-usdl-winddown/2062 "2025-10-29T09:35:05Z")
Following the programmed wind-down of USDL by Paxos (https://www.paxos.com/newsroom/winding-down-usdl-lift-dollar), we will take the following actions shortly: csUSDL will no longer accept new deposits. The borrow … --- ## [Evolution of Steakhouse Vaults on Base](https://forum.morpho.org/t/evolution-of-steakhouse-vaults-on-base/1932)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 1\ **Last updated:** [August 28, 2025, 12:24pm UTC](https://forum.morpho.org/t/evolution-of-steakhouse-vaults-on-base/1932 "2025-08-28T12:24:45Z")
Steakhouse is in advanced discussions to partner with a leading institutional actor for the next phase of development of Base Steakhouse USDC and Base Smokehouse USDC. As part of this potential collaboration, the follow… --- ## [Deprecation of USDM vaults](https://forum.morpho.org/t/deprecation-of-usdm-vaults/1810)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 4\ **Last updated:** [July 7, 2025, 9:20am UTC](https://forum.morpho.org/t/deprecation-of-usdm-vaults/1810 "2025-07-07T09:20:26Z")
As announced by Mountain Protocol, USDM is getting deprecated and we advise every borrowers to repay their loans and depositors to withdraw when possible to redeem. Current borrow rates are already at 16% and will doubl… --- ## [\[bbqUSDC\] Adding mF-ONE as collateral](https://forum.morpho.org/t/bbqusdc-adding-mf-one-as-collateral/1846)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [June 28, 2025, 12:43pm UTC](https://forum.morpho.org/t/bbqusdc-adding-mf-one-as-collateral/1846 "2025-06-28T12:43:46Z")
We onboarded mF-ONE as collateral on bbqUSDC. While we usually don’t communicate on Smokehouse product line, we thought it is important to provide some context for this collateral. We put months of work with Midas and Fa… --- ## [Kelp incident response](https://forum.morpho.org/t/kelp-incident-response/1727)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 1\ **Last updated:** [May 8, 2025, 6:20pm UTC](https://forum.morpho.org/t/kelp-incident-response/1727 "2025-05-08T18:20:55Z")
At 06:16am UTC, Kelp suffered from an infinite mint glitch that allowed the issuance of 16,949,769,554,642,466.836005513427811988 rsETH At 10:55am UTC, Kelp issued a technical update assuring the market that the mint gl… --- ## [\[steakUSDT\] Adding xAUT as collateral on steakUSDT](https://forum.morpho.org/t/steakusdt-adding-xaut-as-collateral-on-steakusdt/1718)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [April 22, 2025, 5:19pm UTC](https://forum.morpho.org/t/steakusdt-adding-xaut-as-collateral-on-steakusdt/1718 "2025-04-22T17:19:05Z")
Summary This proposal announces the submission of xAUT/USDT 77% as collateral on steakUSDT for Ethereum. Rationale xAUT is the tokenized gold issued by Tether. With a market cap of $837M it becomes a significant asset. … --- ## [\[steakUSDT\] Adding csUSDL as collateral on steakUSDT](https://forum.morpho.org/t/steakusdt-adding-csusdl-as-collateral-on-steakusdt/1717)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [April 22, 2025, 4:46pm UTC](https://forum.morpho.org/t/steakusdt-adding-csusdl-as-collateral-on-steakusdt/1717 "2025-04-22T16:46:37Z")
Summary This proposal announces the submission of csUSDL as collateral on steakUSDT for Ethereum. Rationale csUSDL is a Morpho vault v1.1 curated by Steakhouse for Coinshift. Its underlying is wUSDL which is a supervise… --- ## [Bybit incident response](https://forum.morpho.org/t/bybit-incident-response/1544)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [February 21, 2025, 6:37pm UTC](https://forum.morpho.org/t/bybit-incident-response/1544 "2025-02-21T18:37:04Z")
At 2:16pm UTC, Bybit was hacked for circa 400k ETH and 90k stETH. At 3:49pm UTC, following price deviations in secondary markets (related or not to the incident), bbqUSDC automatically reallocated funds, reducing exposu… --- ## [\[csUSDC\] Adding csUSDL as collateral on csUSDC](https://forum.morpho.org/t/csusdc-adding-csusdl-as-collateral-on-csusdc/1461)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [February 5, 2025, 10:56am UTC](https://forum.morpho.org/t/csusdc-adding-csusdl-as-collateral-on-csusdc/1461 "2025-02-05T10:56:26Z")
Summary This proposal announces the submission of csUSDL as collateral on csUSDC for Ethereum. Rationale csUSDL is a Morpho vault v1.1 curated by Steakhouse for Coinshift. Its underlying is wUSDL which is a supervised s… --- ## [\[csUSDL\] Adding csUSDC as collateral on csUSDL](https://forum.morpho.org/t/csusdl-adding-csusdc-as-collateral-on-csusdl/1459)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [February 5, 2025, 10:27am UTC](https://forum.morpho.org/t/csusdl-adding-csusdc-as-collateral-on-csusdl/1459 "2025-02-05T10:27:27Z")
Summary This proposal announces the submission of csUSDC as collateral on csUSDL for Ethereum. Rationale csUSDC is a Morpho vault v1.1 curated by Steakhouse for Coinshift. Its underlying is USDC which is rated B+ by Blu… --- ## [Introducing Coinshift vaults](https://forum.morpho.org/t/introducing-coinshift-vaults/1356)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 1\ **Last updated:** [January 9, 2025, 11:24am UTC](https://forum.morpho.org/t/introducing-coinshift-vaults/1356 "2025-01-09T11:24:38Z")
Disclaimer: Morpho vaults under the curator brand Steakhouse Financial are curated by Carniciera Tropical Inc., incorporated in Panama. Read further disclaimers on our website. Neither Steakhouse or Carniciera are affili… --- ## [Introducing the Smokehouse product line: bbqUSDC and bbqDAI](https://forum.morpho.org/t/introducing-the-smokehouse-product-line-bbqusdc-and-bbqdai/1182)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 1\ **Last updated:** [January 2, 2025, 11:07am UTC](https://forum.morpho.org/t/introducing-the-smokehouse-product-line-bbqusdc-and-bbqdai/1182 "2025-01-02T11:07:32Z")
Disclaimer: Morpho vaults under the curator brand Steakhouse Financial are curated by Carniciera Tropical Inc., incorporated in Panama. Read further disclaimers on our website. After the success of the Steakhouse Mor… --- ## [Adding sUSDS as collateral on Steakhouse steakUSDT](https://forum.morpho.org/t/adding-susds-as-collateral-on-steakhouse-steakusdt/1046)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [November 14, 2024, 9:11am UTC](https://forum.morpho.org/t/adding-susds-as-collateral-on-steakhouse-steakusdt/1046 "2024-11-14T09:11:02Z")
Summary This proposal announces the submission of sUSDS as collateral on steakUSDT for Ethereum. Rationale sUSDS from MakerDAO/Sky is the yielding version of the DAI/USDS stablecoin in circulation since 2019. On Bluechi… --- ## [Retrospective: wstETH/wM WBTC/wM market oracle configuration](https://forum.morpho.org/t/retrospective-wsteth-wm-wbtc-wm-market-oracle-configuration/878)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [October 14, 2024, 8:42am UTC](https://forum.morpho.org/t/retrospective-wsteth-wm-wbtc-wm-market-oracle-configuration/878 "2024-10-14T08:42:06Z")
Summary No user funds were compromised Two Morpho markets configured by the Steakhouse team used an incorrect number of decimal places in the oracle setup, leading to a situation where borrowers could have drained loan … --- ## [Adding WBTC as collateral on Steakhouse steakETH](https://forum.morpho.org/t/adding-wbtc-as-collateral-on-steakhouse-steaketh/865)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [October 10, 2024, 11:31am UTC](https://forum.morpho.org/t/adding-wbtc-as-collateral-on-steakhouse-steaketh/865 "2024-10-10T11:31:54Z")
Summary This proposal announces the submission of WBTC as collateral on steakETH for Ethereum. Rationale WBTC is already used in most of our vaults and adding it to steakETH could lead to a better yield. Market details … --- ## [Adding wUSDL as collateral on Steakhouse steakPYUSD](https://forum.morpho.org/t/adding-wusdl-as-collateral-on-steakhouse-steakpyusd/844)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [October 6, 2024, 3:48pm UTC](https://forum.morpho.org/t/adding-wusdl-as-collateral-on-steakhouse-steakpyusd/844 "2024-10-06T15:48:59Z")
Summary This proposal announces the submission of wUSDL as collateral on steakPYUSD for Ethereum. Introducing wUSDL wUSDL is the wrapped version of USDL, the Lift Dollar issued by Paxos and supervised in Abu Dhabi. It i… --- ## [Adding PAXG as collateral on Steakhouse steakPYUSD](https://forum.morpho.org/t/adding-paxg-as-collateral-on-steakhouse-steakpyusd/837)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [September 30, 2024, 11:02am UTC](https://forum.morpho.org/t/adding-paxg-as-collateral-on-steakhouse-steakpyusd/837 "2024-09-30T11:02:18Z")
Summary This proposal announces the submission of PAXG as collateral on steakPYUSD for Ethereum. Introducing PAXG Paxos Gold is a token backed by gold that was launched in 2019. The underlying gold is stored in LBMA in … --- ## [Adding cbBTC as collateral on Steakhouse vaults](https://forum.morpho.org/t/adding-cbbtc-as-collateral-on-steakhouse-vaults/763)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [September 5, 2024, 6:19am UTC](https://forum.morpho.org/t/adding-cbbtc-as-collateral-on-steakhouse-vaults/763 "2024-09-05T06:19:12Z")
Summary This proposal announces the submission of cbBTC as collateral on the following vaults: steakUSDC for Ethereum and Base steakUSDM for Ethereum and Base steakUSDA for Base (guardian is Angle) steakETH for Ethereu… --- ## [Add wUSDM as collateral on steakUSDC and steakUSDT](https://forum.morpho.org/t/add-wusdm-as-collateral-on-steakusdc-and-steakusdt/705)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [August 5, 2024, 9:33pm UTC](https://forum.morpho.org/t/add-wusdm-as-collateral-on-steakusdc-and-steakusdt/705 "2024-08-05T21:33:02Z")
This proposal seeks to whitelist wUSDM (Mountain Protocol) as collateral on two of our stablecoin Metamorpho vaults on Mainnet, namely Steakhouse USDC and Steakhouse USDT. Our economic and legal overview on Mountain Prot… --- ## [\[steakPYUSD\] Adding USYC/PYUSD market](https://forum.morpho.org/t/steakpyusd-adding-usyc-pyusd-market/619)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 3\ **Last updated:** [June 18, 2024, 1:34pm UTC](https://forum.morpho.org/t/steakpyusd-adding-usyc-pyusd-market/619 "2024-06-18T13:34:17Z")
Summary Steakhouse PYUSD MetaMorpho market was the first lending market to onboard PYUSD, a regulated stablecoin issued by Paxos, in DeFi. The Steakhouse PYUSD vault is one of the main venue for PYUSD borrowing and lendi… --- ## [Steakhouse ETH and Steakhouse BTC Vault Whitelisting](https://forum.morpho.org/t/steakhouse-eth-and-steakhouse-btc-vault-whitelisting/514)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [March 13, 2024, 11:02am UTC](https://forum.morpho.org/t/steakhouse-eth-and-steakhouse-btc-vault-whitelisting/514 "2024-03-13T11:02:22Z")
Following on from the successful launch of the steakUSDC and the ground-breaking steakPYUSD earlier in January, Steakhouse Financial will expand its line of curated MetaMorpho vaults with steakETH and steakWBTC. These va… --- ## [\[steakUSDC\] Adding WBTC/USDC market](https://forum.morpho.org/t/steakusdc-adding-wbtc-usdc-market/460)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [February 14, 2024, 8:21am UTC](https://forum.morpho.org/t/steakusdc-adding-wbtc-usdc-market/460 "2024-02-14T08:21:07Z")
After a successful launch and the Steakhouse USDC vault reaching close to $10M, we had significant feedback that users wanting to get access to the MORPHO rewards on the USDC/WBTC Morpho Blue market. WBTC is a bluechip … --- ## [\[steakPYUSD\] Adding WBTC/PYUSD market](https://forum.morpho.org/t/steakpyusd-adding-wbtc-pyusd-market/465)
**Author:** [@Steakhouse](https://forum.morpho.org/u/Steakhouse)\ **Replies:** 0\ **Last updated:** [February 16, 2024, 10:51am UTC](https://forum.morpho.org/t/steakpyusd-adding-wbtc-pyusd-market/465 "2024-02-16T10:51:31Z")
After a launch and the Steakhouse PYUSD vault, we are adding the PYUSD/WBTC Morpho Blue market to align with our others vaults. All Steakhouse vaults will have the possibility to use WBTC collateral. WBTC is a bluechip… [Next page](https://forum.morpho.org/c/vaults/steakhouse-financial/18.md?page=1)