Earn yield on ETH via Steakhouse Morpho vault
Depositors are exposed to ETH price movement, Morpho lending markets, Steakhouse curation, and the vault share token.
Yield comes from WETH borrowers paying interest in Steakhouse-curated Morpho markets, with incentives possible when campaigns are active.
Live APY: -- - Source: Yield unavailable - As of: No live APY timestamp
Morpho vault withdrawals can use idle liquidity first, but exits can become constrained by vault allocation and market liquidity.
The app execution config uses the standard vault path, while depositor-facing copy should explain Morpho liquidity constraints.
Main risks are ETH market exposure, Morpho market and liquidation risk, Steakhouse curator risk, liquidity constraints, incentive volatility, oracle risk, and smart contract risk.
Allocrypt routes deposits into the Steakhouse ETH vault through PortfolioRouter and forwards the net vault shares to the user's Safe.
The user's Safe holds the Steakhouse ETH 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.
Reviewed 2026-05-16 - Confidence: medium - Reviewed May 2026
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