High Yield Term

Steakhouse Financial's High Yield Term vault specs with fixed-rate strategies, CC-rated or above collateral, and up to 10% performance fees on Ethereum.

High Yield Term is Steakhouse Financial's fixed-rate enhanced-return product line, targeting durations up to 3 months with a 10% liquidity sleeve in High Yield Instant. It accepts CC-rated or above collateral and will rely on Morpho's upcoming fixed-term loan product and Steakhouse's in-house Box extensions. Most High Yield Term vaults are currently in active development.

Strategy

For more on Term strategies

Offer access to a wide range of repo markets and fixed income product (for Plus products).

• Risk rating underlying: CC or above
• Maximum duration/maturity underlying: 2 years
• Aggregated target duration/maturity: 3 months
• Concentration limits:

  • CC are capped to 25% concentration limit
  • B and BB are capped t 50% concentration limit
• Target liquidity sleeves: 10% in a High Yield Instant product
• High Yield Term products can have a fee up to 10% of performance fees

Most of these vaults are in active development, and will rely on Morpho's upcoming fixed-term loan product as well as our own in-house Box extensions.

Available on the Steakhouse App by filtering for Term

Name	Currency	Blockchain	Version	Vault Address
Steakhouse High Yield Term USDC Ethereum	USD	Ethereum	Morpho v2	0xBEEFFFC57A26fD8D3b693Ba025ead597DbECEBfe

Plus vaults will be built on our Steakhouse platform and feature illustrative allocations, such as PT rolling strategies:

Allocation	Exposure	Risk rating	Liquidity	Yield
bbqUSDC	10%	CC	1 day	6%
PT-USDai-15JAN	25%	CC	3 months	10%
PT-cUSDO-15DEC	50%	BB	1 day	10%