Morpho

Morpho Steakhouse ETH

Morpho Steakhouse ETH is a lending vault on Ethereum curated by Steakhouse Financial. It allocates ETH deposits across Morpho Blue lending markets targeting overcollateralized borrowing demand backed by crypto and real-world asset collateral.

AUM

$57.73m-15.29%

APY

1.88%-31.64%

BB+Rated Protocol

Updated Mar 11, 2026

Risk Rating

BB+

AAAAAABBBBBBCCCCCCD

This rating is based solely on publicly available information. The range from BB+ to A reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.

SCS: Smart Contract Security

KMP: Key Management Permissions

M: Market

L: Liquidity

C: Collateral

PM: Protocol Mechanics

ICE: Infra Counterparty Exposures

PCE: Protocol Counterparty Exposures

G: Governance

FR: Financial Resilience

TLC: Team Legal Compliance

DT: Documentation Transparency

Potential Score

Provider risk assessed across Business, Operations, Reliability, and Security.

View the detailed scoring breakdown

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Contract Addresses

VaultContract

0xBEEf...8cD4

MorphoBlue

0xBBBB...FFCb

GuardianDAO

0x4ef0...4FE9

OwnerMultisig

0x0A0e...f8DD

CuratorMultisig

0x827e...eCdB

Key Strengths

Extensive audit coverage from top firms including formal verification
Active bug bounty program with substantial maximum payout
Immutable core protocol with minimal attack surface
Robust governance controls including multisig, timelock, and depositor veto mechanism
Zero bad debt track record across all Steakhouse vaults through multiple stress events