# Prime Term

Prime Term is Steakhouse Financial's fixed-rate institutional lending product line. It targets durations of 4-6 months with a 10% liquidity sleeve in Prime Instant, and will relies on Morpho's fixed-term loan product and Steakhouse's in-house Box extensions. Most Prime Term vaults are currently in active development.

## Strategy

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For more on [Term](/docs/products/stablecoin-products/blocks/term.md) strategies
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* Offer access to highly liquid crypto repo markets and high quality exposure (for Plus products).
* [Risk rating](https://www.steakhouse.financial/docs/risk-management/collateral/collateral-standards) underlying: A or above
* Maximum duration/maturity underlying: 6 months (exemption up to 10% of the portfolio)
* Aggregated target duration/maturity: 4-6 months
* Target liquidity sleeves: 10% in a [Prime Instant](/docs/products/vault-products/current/prime-instant.md) product
* Most of our vaults are secured by trustless onchain Sentinels, allowing users of the vaults to exercise control over key decisions relating to vault management

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.

<table data-full-width="true"><thead><tr><th width="227.69140625">Name</th><th>Currency<select><option value="2N9doBUsSFEP" label="USD" color="blue"></option><option value="KLFXVVeQCMLP" label="ETH" color="blue"></option><option value="cZNfc5Qpp1m7" label="EUR" color="blue"></option><option value="k9q9WmXX0Fyi" label="BTC" color="blue"></option></select></th><th>Blockchain<select><option value="T53yr6Gx03Lh" label="Ethereum" color="blue"></option><option value="8rufatQiOK8n" label="Base" color="blue"></option><option value="1Mih8C9rrQCA" label="Solana" color="blue"></option></select></th><th>Version<select><option value="1Xp0So8fyVDF" label="Morpho v1" color="blue"></option><option value="0iDLzoUPwdph" label="Morpho v2" color="blue"></option><option value="BrkIhDGIB2XD" label="SHF v1" color="blue"></option><option value="otpXTxAGWHcU" label="Kamino v2" color="blue"></option></select></th><th width="465.32421875">Vault Address</th></tr></thead><tbody><tr><td>Steakhouse Prime Term USDC Ethereum</td><td><span data-option="2N9doBUsSFEP">USD</span></td><td><span data-option="T53yr6Gx03Lh">Ethereum</span></td><td><span data-option="0iDLzoUPwdph">Morpho v2</span></td><td>To come</td></tr><tr><td>Steakhouse Prime Term Plus USDC Ethereum</td><td><span data-option="2N9doBUsSFEP">USD</span></td><td><span data-option="T53yr6Gx03Lh">Ethereum</span></td><td><span data-option="BrkIhDGIB2XD">SHF v1</span></td><td>To come</td></tr></tbody></table>

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

| Allocation | Exposure | Risk rating | Liquidity | Yield |
| ---------- | -------- | ----------- | --------- | ----- |
| steakUSDC  | 10%      | A           | 1 day     | 3.5%  |
| deJAAA     | 25%      | A           | 5 years   | 5%    |
| deBUIDL    | 50%      | AA          | 1 day     | 4%    |


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