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TVL $71MAPY 4.01%low riskUpdated Feb 1, 2025

Morpho Steakhouse High Yield USDC

Curated Morpho vault on Arbitrum managed by Steakhouse Financial. Optimizes USDC lending across Arbitrum Morpho Blue markets for enhanced yields.

ProtocolMorpho
Networkarbitrum
SymbolBBQUSDC
CategoryMoney Markets
Underlying Assets
Contract Address0x5c0c306aaa9f877de636f4d5822ca9f2e81563ba

What is Morpho Steakhouse High Yield USDC?

Morpho Steakhouse High Yield USDC (BBQUSDC) is a curated lending vault on Morpho's Arbitrum deployment, managed by Steakhouse Financial. This vault pursues higher yields by allocating to Arbitrum-native Morpho Blue markets while maintaining professional risk management.

How This Vault Works

The Steakhouse Arbitrum vault provides optimized allocation:

  1. Deposit USDC into the Steakhouse vault on Arbitrum
  2. Receive BBQUSDC tokens representing your share
  3. Vault allocates across approved Arbitrum Morpho markets
  4. Earn optimized yield from Arbitrum lending
  5. Withdraw USDC plus accumulated yield anytime
Layer 2 Advantage: Arbitrum's lower fees enable more efficient rebalancing and position management.

What Assets Are Involved

Deposit Asset: USDC (Arbitrum) Vault Token: BBQUSDC - represents your vault share Underlying Markets: Arbitrum USDC markets on Morpho Blue

The vault may lend to markets collateralized by:

  • Arbitrum liquid staking tokens
  • Wrapped assets (WETH, WBTC)
  • Yield-bearing tokens
  • Other approved collateral

Curator: Steakhouse Financial

Steakhouse brings established expertise:

  • Multi-chain vault management
  • Professional risk frameworks
  • Active rebalancing
  • Performance optimization

Arbitrum-Specific Considerations

Operating on Arbitrum provides:

  • Lower transaction costs
  • Faster rebalancing
  • Different market dynamics
  • Growing Arbitrum DeFi ecosystem

Risk Disclosures

Smart Contract Risk: Exposure to Morpho Blue (Arbitrum) and vault contracts. Layer 2 Risk: Arbitrum sequencer dependency and bridge risks. Curator Risk: Performance depends on Steakhouse's allocation decisions. Market Selection Risk: Arbitrum markets may have different risk profiles. Utilization Risk: High demand may cause withdrawal delays. Oracle Risk: Arbitrum-deployed oracles may have different characteristics. Bridge Risk: Cross-chain asset movement involves bridge contracts. Newer Deployment: Morpho on Arbitrum is newer than Ethereum mainnet.
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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