Steakhouse High Yield cbBTC
Earn yield on cbBTC via Steakhouse Morpho vault
Not a fit if
- Exit liquidity may be limited
- Not a fit if you want stable asset exposure
- Includes issuer or bridge exposure
- Yield may depend on temporary incentives
Asset exposure
Depositors are exposed to BTC price movement, Coinbase-wrapped cbBTC issuer and bridge risk, Morpho lending markets, and broader collateral selection.
Yield source
Yield comes from cbBTC borrowers paying interest in Steakhouse-curated Morpho markets, with incentive APR possible when active.
Live APY: -- - Source: Yield unavailable - As of: No live APY timestamp
Withdrawal reality
Morpho vault withdrawals can be immediate when liquidity exists, but cbBTC market depth and vault allocation can constrain exits.
- Redeem or withdraw vault shares through the ERC-4626-style path.
- If normal liquidity is constrained, exit timing can depend on Morpho market liquidity and vault allocation.
The app execution config uses the standard vault path, while depositor-facing copy should explain cbBTC and Morpho liquidity constraints.
Primary risks
Main risks are BTC price exposure, cbBTC issuer and bridge exposure, broader collateral risk, market liquidity, oracle risk, incentive volatility, and smart contract risk.
Allocrypt role
Allocrypt routes deposits into the Steakhouse cbBTC vault through PortfolioRouter and forwards the net vault shares to the user's Safe.
The user's Safe holds the Steakhouse cbBTC vault shares directly after deposit.
Only the user controls the signing keys for the Safe.
PortfolioRouter takes a 0.49% fee in vault shares after the external vault deposit and sends it to the treasury.
Sources and freshness
Reviewed 2026-05-16 - Confidence: medium - Reviewed May 2026
- Allocrypt reviewed research
- Morpho vault documentation
- Steakhouse Financial vault documentation
Start the deposit or withdrawal process for this vault.
Vault Info
Protocol