Steakhouse Vault V2 simplification

Vaults SteakHouse Financial
1

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 UI.

At present, most V2 vaults allocate to a V1 vault, which then allocates to V1 markets on Morpho Blue. This update removes that intermediate layer and simplifies the overall structure.

This is an operational and structural change only. It does not affect the underlying market exposures of the vaults, and it has no impact on users of the V1 vaults themselves. Over the coming weeks, Steakhouse will perform a significant number of curation operations to implement this migration across its V2 vaults.

5 Likes
2

hanks for the update. This migration makes sense from a structural standpoint—removing the intermediate V1 vault layer should improve transparency and streamline allocations directly to the Markets V1 Adapter.

It’s especially reassuring that this change is purely operational and doesn’t impact underlying market exposures or existing V1 vault users. Looking forward to seeing how the transition enhances visibility within the Morpho UI over the coming weeks.

3

As follow up in simplification, we will change some name by dropping the “Instant” label and adding back the token symbol instead.

Steakhouse Prime Instant will become Steakhouse Prime USDC and so on.