Is Steakhouse Financial Safe?
Risk Grade: B- (29/100)
Steakhouse Financial is rated as moderate risk — some novel mechanisms, generally well-understood.
Lower risk — best-in-class curation with strong track record, but you are trusting human judgment to pick safe markets in a sector where others have already failed
A professional capital allocator that manages $1.3B across 48 vaults on lending platforms like Morpho and Euler, picking which markets your stablecoins get lent into. It earned an A+ rating from Credora on 5 of 6 vaults. Its B grade reflects strong risk management, offset by the inherent trust you place in their market-picking judgment.
TVL
$1.8B
Mechanisms
6
Interactions
4
Value Grade
B-
Key Risks for Steakhouse Financial Users
Steakhouse decides where your money goes. If they pick a lending market that collapses (like the xUSD incident that hit other managers), your deposits take the loss. They avoided that one, but the risk is always there
Your money sits on top of Morpho, Euler, and Kamino. A critical bug in any of those base protocols wipes out every Steakhouse vault built on it, regardless of how good the curation is
If the biggest institutional clients all pull out at once, the vaults have to sell lending positions at fire-sale prices. The remaining smaller depositors absorb those losses
Top Risk Factors
- •Curator misallocation risk — Steakhouse controls allocation of $1.3B across lending markets, and a single bad market selection could cascade across all vaults
- •Multi-protocol dependency — vaults deployed on Morpho, Euler, and Kamino mean Steakhouse inherits smart contract risk from every underlying protocol
- •Institutional concentration — if top institutional clients withdraw simultaneously, redemption pressure could force unfavorable liquidations
Risk Score Breakdown
Steakhouse Financial's highest risk area is Scale Exposure (7/10). Here's how each dimension contributes to the overall 29/100 score:
Read the Full Steakhouse Financial Risk Report
This protocol has 2 collapse scenarios. 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
View Full Report →Considering an investment?