Turbo

Steakhouse Financial's Turbo vaults targeting maximum yield through leveraged looping and carry strategies on Ethereum, Base, and Arbitrum.

Turbo is Steakhouse Financial's highest-yield vault product line, built on the Steakhouse Vault platform. Turbo vaults target the highest possible yield using leveraged looping on liquid staking tokens, or carry trades borrowing USD-stablecoins and leveraging on High Yield fixed income. Vaults are deployed across Ethereum, Base, and Arbitrum.

Mandate

Target the highest possible yield on ETH using leverage on LSTs or borrowing USD-stablecoin and leveraging on High Yield fixed income.

Available on the Steakhouse App by filtering for Turbo

Name	Currency	Blockchain	Version	Vault Address
Steakhouse High Yield Turbo cbBTC Ethereum	USD	Ethereum	SHF v1	0xBEEFFF506B52B3323c48aFE0Cb405A284F0f9cF2
Steakhouse High Yield Turbo USDC Ethereum	USD	Base	SHF v1	0xBEEFFF4716a49418D69c251cab8759bB107e57C8
Steakhouse High Yield Turbo ETH Base	ETH	Base	SHF v1	0xBEEFFFdeADc2c172130Ac4C5Ae48c8D4708BFb40
Steakhouse High Yield Turbo ETH Ethereum	ETH	Base	SHF v1	0xbeeff1D5dE8F79ff37a151681100B039661da518
Steakhouse High Yield Turbo USDC Arbitrum	USD	Arbitrum	SHF v1	0xBEEFFF13dD098De415e07F033daE65205B31A894

Main strategies

For more on Carry and Looping strategies

Leveraged Looping

• Multiplying exposure to an underlying yield-bearing collateral, e.g. wstETH

  • Illustratively, if wstETH is earning 2.5% and ETH can be borrowed at 1.7%, a 0.8% spread can be amplified with leverage for higher return

  • Losses may be incurred when the leverage trades are executed, due to price slippage, or if the borrow rate for the loan exceeds the collateral rate

Carry Trade

• Borrowing against one collateral type to earn a higher yield in the loan asset

  • Illustratively, borrowing USDC against cbBTC and investing in higher yielding USDC opportunities to bring back to BTC

  • Losses may be incurred when there is a significant price movement in the collateral asset, due to price slippage or if the borrow rate for the loan exceeds the collateral rate