Steakhouse Financial
- Company typePrivate
- Founded2023
- HeadquartersGrand Cayman, Cayman Islands
- Headcount11–50
- GTM typeB2B
- OfferingServices
Steakhouse Financial firmographics
Firmographics- Name
- Steakhouse Financial
- Legal name
- Steakhouse Financial Ltd
- Website
- https://steakhouse.financial
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Steakhouse Financial industry classification
Industry- Product category
- DeFi Vault Curation & Institutional Crypto Asset Management
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199), Asset-Backed Securities (6189)
- akta.pro primary industry
- Yield Aggregators & Strategy Vaults (FSADAMAF)
- akta.pro secondary industries
- Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG), Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN), Yield Aggregators, Auto-Compounding & Strategy Vaults (DeFi Yield) (FSADAHAK), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)
Keywords
Where Steakhouse Financial is headquartered
LocationHeadquarters
- HQ city
- Grand Cayman
- HQ country
- Cayman Islands
Offices2 records
Markets served
Steakhouse Financial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Vault Performance Fees: Steakhouse Financial generates revenue through performance fees charged on vault products. High Yield Term vaults charge up to 10% performance fees on returns generated. The company operates as a non-custodial curator taking fees from the yield generated by lending strategy deployments rather than direct user fees.
- Advisory and Structuring Services: Steakhouse Financial provides advisory services for stablecoin roadmaps, tokenized asset structuring, protocol economics modeling, and on-chain allocation planning. This includes working with credit managers to underwrite and structure credit strategies for safe onchain deployment and connecting managers to DeFi and institutional capital.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Prime Instant Vaults - Conservative stablecoin lending with high-quality collateral |
| Transaction based/ take rate | Multi-year contract | Prime Term Vaults - Fixed-rate Prime lending with 4-6 month duration targeting A-rated or above collateral |
| Transaction based/ take rate | Pay-as-you-go | High Yield Instant Vaults - Higher-risk, higher-reward stablecoin lending with dynamic collateral |
| Transaction based/ take rate | Pay-as-you-go | Turbo Vaults - Maximum yield through leveraged looping and carry strategies |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
Steakhouse Financial product offering
Product offeringCore offering
Steakhouse Financial operates as the largest DeFi vault curator on the Morpho protocol, deploying curated stablecoin lending vaults across Ethereum, Base, and Arbitrum. The firm offers four core service lines: building white-label vault products for platforms, providing institutional allocators access to risk-curated yield vaults, delivering advisory services for stablecoin and tokenized asset strategy, and underwriting/structuring credit strategies to connect managers with on-chain capital. The sub-brand Grove extends the offering into an institutional-grade credit and liquidity protocol for the stablecoin economy.
Differentiator
Problem solved
Functional benefit
Brands
- Grove: An institutional-grade credit and liquidity protocol built on DeFi rails, designed to grow credit and capital markets onchain. Grove helps bring real-world assets and real-world use cases into the stablecoin economy.
Products and services
- DeFi Vault Products (Prime, High Yield, Turbo) Risk-curated, non-custodial lending vaults deployed on the Morpho protocol across Ethereum, Base, and Arbitrum. Prime vaults target high-quality blue-chip collateral (cbBTC, wstETH, cbETH) with conservative USDC APYs of 3.5%-5.3%. High Yield vaults accept a wider collateral range including Ethena's USDe with up to 10% performance fees. Turbo vaults use leveraged looping and carry strategies.
- Grove Protocol Institutional-grade credit and liquidity protocol built on DeFi rails. Grove Allocator provides secure onchain capital allocation; Grove Financing routes capital dynamically across lending venues including Morpho and Aave; Grove Liquidity provides liquidity solutions for emerging stablecoins and tokenized assets.
- Build Products (White-Label Vault Service)
Quantifiable outcome
- USDC vault APYs ranging between 3.5% and 5.3%
- +3 more outcomes
Companies that use Steakhouse Financial
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Steakhouse Financial technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature6 records
Steakhouse Financial partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- CoinbasecoreSteakhouse Financial provides vault curation and risk management for Coinbase's DeFi Lend product, allowing Coinbase users to access USDC lending through Steakhouse-curated Morpho vaults. Two products: Prime (blue-chip collateral) and High Yield (wider collateral including Ethena USDe). This partnership brought onchain repo markets to over $1.2bn in user deposits.
- MorphocoreMorpho is the primary DeFi protocol infrastructure for Steakhouse Financial's vault products. Steakhouse is the largest curator on Morpho with over $2B TVL and $1.55B AUM, developing proprietary risk management tools, Box Vaults architecture, and Grove protocol for the Morpho ecosystem.
- TrezorcoreTrezor integrated Steakhouse Financial-curated Morpho vaults (USDC Prime and USDT Prime) into Trezor Suite hardware wallet application, enabling users to earn yield directly through their hardware wallet interface with deposits, withdrawals, and reward claims signed on-device.
- Safe LabscoreSafe Labs integrated Steakhouse Financial-curated Morpho vault for Societe Generale-FORGE's EUR CoinVertible (EURCV) stablecoin, enabling euro-denominated on-chain savings and yield for Safe{Wallet} users with Steakhouse managing vault deployment and risk parameters.
- Ramp NetworkmajorRamp Network's 'Earn' feature enables users to earn 3-7% variable APY on USDC through Steakhouse-curated Morpho vaults, with no minimum deposit or lockup. Funds managed in partnership with Steakhouse Financial, available in Ramp Wallet app across most US states.
- ZamacoreZama partnered with Morpho and Steakhouse Financial to launch the Steakhouse Confidential USDC Prime vault, the first DeFi yield product for confidential USDC stablecoins using Zama's Fully Homomorphic Encryption (FHE) technology. The vault shields USDC balances and strategies from public visibility while maintaining transparent settlement on Ethereum.
- Ethena LabsmajorEthena Labs collaborated with Coinbase and Steakhouse Financial to launch the Steakhouse Financial High Yield Vault, enabling retail users to access structured credit yields through USDe and Morpho lending protocol. Ethena allocated $250M to Securitize Tokenised AAA CLO Fund on Solana.
- MidasmajorMidas is an asset tokenization platform that partnered with Steakhouse Financial to structure mF-ONE, a tokenized private credit product managed by Fasanara Capital, for integration in Morpho DeFi markets. Steakhouse underwrote and structured the product for safe on-chain deployment.
- Fasanara CapitalmajorFasanara Capital is a $5bn private credit fintech lending specialist that partnered with Steakhouse Financial and Midas to create mF-ONE tokenized private credit for DeFi integration. Steakhouse provides risk management and vault curation for the mF-ONE/USDC Morpho market.
- Societe Generale-FORGEmajorSociete Generale-FORGE's EUR CoinVertible (EURCV) stablecoin is integrated into Safe{Wallet} through Steakhouse Financial-curated Morpho vault, enabling euro-denominated on-chain savings and yield generation for European users seeking institutional-grade EUR yield in self-custody wallets.
- TenityminorTenity, a Zurich-based fintech innovation platform, partnered with Steakhouse Financial as part of their 'Tenity 2.0' strategic shift focusing on bridging institutional finance with the on-chain economy through AI, blockchain, and digital assets.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Steakhouse Financial competitors and assessment
Company assessmentDirect peers
- Yearn Finance: Yearn is the pioneering DeFi yield aggregator that automates yield strategies across lending protocols. It is the most direct comparable to Steakhouse as a vault curator/yield optimizer serving DeFi capital allocators.
- Beefy Finance: Beefy is a multi-chain yield optimizer auto-compounding returns across DeFi protocols. Like Steakhouse, it operates curated vaults targeting capital allocators seeking optimized lending and liquidity yields.
- Idle Finance: Idle Finance is a DeFi yield aggregator offering best-yield automated strategies across lending protocols. It is comparable as a curator selecting and rebalancing between underlying DeFi lending markets.
- Re7 Labs: Re7 Labs operates as another Morpho vault curator managing risk-curated lending markets, directly competing with Steakhouse on the same Morpho infrastructure for institutional and DeFi capital.
- Gauntlet: Gauntlet provides risk management and parameter optimization for DeFi lending protocols including Morpho and Aave. It is comparable to Steakhouse as a specialized risk-curation layer for on-chain lending markets.
Emerging players
- Centrifuge: Centrifuge is an RWA tokenization protocol bringing real-world assets on-chain as collateral for DeFi lending. Steakhouse underwrites and curates RWA markets like Centrifuge's, overlapping on institutional credit-to-DeFi infrastructure.
- Maple Finance: Maple is an institutional on-chain credit marketplace with underwriters and pool delegates. Like Steakhouse's Grove, it brings credit underwriting and capital allocation to DeFi, though focused on direct lending rather than curated Morpho vaults.
- Goldfinch: Goldfinch is a decentralized credit protocol for lending to real-world businesses. It overlaps with Steakhouse's RWA and tokenized private credit thesis (e.g., mF-ONE), targeting institutional capital seeking on-chain credit exposure.
Broad incumbents
- Aave Labs: Aave is the largest DeFi lending protocol. Steakhouse's Grove Financing routes capital across Morpho and Aave, and Aave's institutional RWA expansion (Aave v3 with real-world assets) directly competes with Steakhouse's institutional credit thesis.
- Sky (formerly MakerDAO): Sky/MakerDAO pioneered DeFi-based stablecoins and the largest RWA integration. Steakhouse is highlighted as pioneering the largest RWA investment efforts at Sky Protocol, making them a deep collaborator and structural peer in institutional DeFi credit.
Market position
Strengths2 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Steakhouse Financial social profiles
Digital presenceSteakhouse Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Steakhouse Financial leadership team
Management profileNumber of profiles
Profiles2 records
Steakhouse Financial subsidiaries and ownership
Company hierarchySubsidiaries1 record
Steakhouse Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Steakhouse Financial M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Steakhouse Financial
What does Steakhouse Financial do?
Steakhouse Financial operates as the largest DeFi vault curator on the Morpho protocol, deploying curated stablecoin lending vaults across Ethereum, Base, and Arbitrum. The firm offers four core service lines: building white-label vault products for platforms, providing institutional allocators access to risk-curated yield vaults, delivering advisory services for stablecoin and tokenized asset strategy, and underwriting/structuring credit strategies to connect managers with on-chain capital. The sub-brand Grove extends the offering into an institutional-grade credit and liquidity protocol for the stablecoin economy.
Is Steakhouse Financial a public or private company?
Steakhouse Financial is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Steakhouse Financial founded?
Steakhouse Financial was founded in 2023. It employs 11 to 50 people.
Where is Steakhouse Financial based?
Steakhouse Financial is headquartered in Grand Cayman, Cayman Islands.
How does Steakhouse Financial make money?
Two revenue lines are on record. Vault Performance Fees are the primary driver. The others are advisory and Structuring Services.
Who are Steakhouse Financial's main competitors?
Direct peers on record are Yearn Finance, Beefy Finance, Idle Finance, Re7 Labs and Gauntlet. Emerging players are Centrifuge, Maple Finance and Goldfinch. Broad incumbents are Aave Labs and Sky (formerly MakerDAO).
Does Steakhouse Financial have an API?
No public API is recorded for Steakhouse Financial.
What industry is Steakhouse Financial in?
Steakhouse Financial's product category is DeFi Vault Curation & Institutional Crypto Asset Management. Its primary akta.pro industry code is FSADAMAF, Yield Aggregators & Strategy Vaults, with a secondary code of FSAGAMAG, Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending). Its NAICS code is 523 and its SIC code is 6200.