Steakhouse Financial
Steakhouse Financial curates lending vaults on Morpho: for each vault it decides which markets the vault may lend into and how much it may place in each. It filed its first Morpho vault whitelisting request in November 2023. Its flagship Steakhouse series admits blue-chip crypto collateral and tokenised traditional assets only.
Suits: Depositors who want a curator whose stated policy is blue-chip collateral only
How this score was reached
Every firm starts at 10.0. The lines below are the only things that move it: each event on the ledger after credits for the response, and the two firm-level checks. Nothing on the ledger costs this firm points. That is an absence of documented failures, not proof of skill.
| Start | 10.0 |
| Public risk methodology | 0.0 |
| At least one year of documented mandates | 0.0 |
| Score | 10.0 |
|---|
The facts, with sources
A value with no source does not count toward the score. Where a fact could not be found it reads “not published” and is scored by the published rule for missing data.
| Criterion | Value | Source | Checked |
|---|---|---|---|
| Public risk methodology | PublishedDocumentation sets out a collateral risk framework, asset and platform ratings, vault setup and controls, including a timelock on onboarding new markets. | steakhouse.financial ↗ | 21 Sept 2026 |
| First documented mandate or vault | 9 Nov 2023Whitelisting request for its RWA-backed flagship USDC vault on Morpho | forum.morpho.org ↗ | 21 Sept 2026 |
| Mandate — Morpho | Vault curator, Steakhouse-branded vault linesSince November 2023 | forum.morpho.org ↗ | 21 Sept 2026 |
| Incidents on the ledger | 0None found | — | 21 Sept 2026 |
On the record
- No incident found for its vaults, including across the November 2025 xUSD, deUSD and USDX depegs that left bad debt in vaults run by other curators.
- Publishes a full risk framework — collateral standards, asset and platform ratings, vault controls and a timelock on adding markets — so its decisions can be checked against its own rules.
Against it
- Its documented parameter responsibility is concentrated on Morpho vaults, so its ledger reflects a single venue.
- Curation is set vault by vault: the markets and caps of one Steakhouse vault say nothing about another, so the record does not replace reading the vault itself.
Steakhouse Financial on the ledger
No incident on the ledger.