Vault Products
This page provides an overview of our different products. We create products to match different risk preferences on the basis of risk and duration, using different Platforms to match the goals of the product.
Our current product line can be summarized in the following matrix with a risk and a liquidity dimension:
Tickers
Prime
steakUSDC
steakUSDCterm
steakUSDCturbo
High Yield
bbqUSDC
bbqUSDCterm
bbqUSDCturbo
Liquidity is a reference to the inherent term of the strategy. Variable rate repo is composed of loans that are repayable on-sight and would be an example of a low duration strategy. Fixed-rate loans are typically not repayable until the end of a term and would be example of a longer duration strategy.
Risk is a reference to the underlying solvency and liquidity risk of a strategy. Variable rate repo against cbBTC or wstETH is an example of a strategy with very low solvency risk and deep enough liquidity to make it near-instant. Medium risk is a reference to longer-tail collateral markets that may face pressures or difficulties in times of market stress, creating conditions of illiquidity.
We aim to mitigate solvency risk in these by leveraging our risk framework to underwrite positions. We would consider high risk strategies that employ leverage, as both performance and drawdowns are amplified. In any case, we restrict collateral types that do not pass a minimum threshold on our risk rating framework and regularly update these metrics accordingly.
Current Product LinesPartnership vaults
Steakhouse is the leading partner for the most demanding fintechs, banks, custodians and institutions to create Earn programs.
For partnership vaults, we usually co-create products, making them bespoke and tailored to their needs. Therefore, they are not exactly in a product line.
Partnership VaultsLegacy vaults
Legacy vaults continue to run but are being deprioritized at Steakhouse. Nonetheless, the permissionless and immutable nature of most of our vault means they are still available. We recommend transitioning from these product to newer versions. We offer support plans for those wanting to continue to use them.
Legacy VaultsEach depositor acknowledges having read and understood our Disclaimers. All Steakhouse Vaults are curated and operated by Carniceria Tropical SA.
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