# Current Product Lines

Steakhouse Financial maintains three active vault product families. Prime Vaults (formerly Steakhouse branded) target institutional depositors with blue-chip collateral, Morpho Sentinel protection, and a 7-day action timelock enforced by an Aragon DAO guardian. High Yield Vaults (formerly Smokehouse branded) accept a broader collateral universe including exotic assets, charge 10% performance fees, and use a 3-day timelock. Turbo Vaults operate on Morpho Vaults v2 with a custom adapter registry, pursuing the highest yields through leveraged looping and carry strategies.

### Prime Vaults <a href="#p-2396-steakhouse-vaults-1" id="p-2396-steakhouse-vaults-1"></a>

The Prime vault (formerly *Steakhouse)* series is designed to be institutional grade. Therefore, only blue-chip assets are considered for inclusion. These can be both cryptocurrencies (ETH and wstETH, tokenized BTC) or TradFi assets (wUSDM, USYC, etc).

Asset curation is dependent on the quality of the loan asset, meaning the higher quality the loan asset, the less risk will be taken on collaterals. The quality of a loan asset is assessed with in-house expertise according to our [Collateral Risk Framework](https://www.steakhouse.financial/docs/risk-management/collateral/collateral-standards).

The vaults themselves are designed to use protection features offered by Morpho. Any collateral onboarding choice is typically announced in advance. Liquidity providers have a long 7-days timelock and [an Aragon DAO guardian](https://forum.morpho.org/t/steakhouse-metamorpho-vaults-are-upgrading-their-guardian-setups-to-fully-trustless/527), meaning they can easily veto a major change in the vault.

{% content-ref url="/pages/Zgl5zaUo61wXuZhmgDtf" %}
[Prime Instant](/docs/products/vault-products/current/prime-instant.md)
{% endcontent-ref %}

{% content-ref url="/pages/ZY64HPhJWeEpMgNWXLPD" %}
[Prime Term](/docs/products/vault-products/current/prime-term.md)
{% endcontent-ref %}

### High Yield Vaults <a href="#p-2396-smokehouse-vaults-2" id="p-2396-smokehouse-vaults-2"></a>

High Yield vaults (formerly Smokehouse) are for frontiersmen and women who are not afraid of exotic collateral types. It will use a wide range of collateral to allow vaults to be exposed to the most diverse possible types of borrowing activity.

The fees on Smokehouse vault are typically 10% with some temporary waivers. This reflects the higher cost to operate such a vault, both in terms of reallocation and analysis. As the objective is to provide lenders higher risk-adjusted yields, dependent on unique market opportunities, it could lead to concentration in some key markets.

Security wise, the timelock is set at 3-days and the vault is protected by an Aragon DAO guardian, meaning any liquidity provider can easily veto a major change in the vault. Liquidity providers should pay close attention to collateral onboarding choices on-chain, which won’t necessarily be announced.

{% hint style="info" %}
For more on [Term](/docs/products/stablecoin-products/blocks/term.md) strategies
{% endhint %}

{% content-ref url="/pages/1QF1rwrNXFr9ANCiTueq" %}
[High Yield Instant](/docs/products/vault-products/current/high-yield-instant.md)
{% endcontent-ref %}

{% content-ref url="/pages/gsRwGBdCuwdXupisVoF5" %}
[High Yield Term](/docs/products/vault-products/current/high-yield-term.md)
{% endcontent-ref %}

### Turbo <a href="#p-2396-smokehouse-vaults-2" id="p-2396-smokehouse-vaults-2"></a>

Turbo vaults are built on our Steakhouse Vault platform, making use of Morpho Vaults v2 architecture with our custom adapter registry to enable higher-risk strategies.

{% hint style="info" %}
For more on [Carry](/docs/products/stablecoin-products/blocks/carry.md) and [Looping](/docs/products/stablecoin-products/blocks/looping.md) strategies
{% endhint %}

{% content-ref url="/pages/MqN2Wf9dVnkgYiIqtIJ7" %}
[Turbo](/docs/products/vault-products/current/turbo.md)
{% endcontent-ref %}


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