Steakhouse Financial is the largest vault curator on Morpho by deposits, having grown from zero to over a billion dollars in user deposits within eighteen months. Founded by an ex-Goldman Sachs professional and a former MakerDAO core contributor, Steakhouse combines traditional finance structuring with DeFi-native risk management. The firm pioneered several risk innovations on Morpho, including the use of Aragon DAO guardians that give vault depositors veto rights over curator actions, and extended 7-day timelocks on all market changes.

These depositor protections earned Steakhouse vaults the highest Credora ratings among Morpho curators. Steakhouse organizes strategies into Prime vaults for conservative blue-chip lending and High Yield vaults that access tokenized real-world assets and private credit alongside crypto-native collateral. The firm operates across Ethereum Mainnet, Base, and Arbitrum, with strategies spanning USDC, USDT, ETH, and EURC.

Steakhouse was the first curator to bring tokenized private credit to Morpho, structuring a repo strategy that grew from zero to significant scale within weeks. For yield comparison, Steakhouse vaults offer a useful benchmark for depositor protection — if other curators show higher APY, the question is whether they match Steakhouse's timelock and guardian standards.

Earnbase tracks 17 strategies curated by Steakhouse across Morpho.