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# Turbo

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, Arbitrum, and Robinhood.

## Mandate

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

:::success
Available on the Steakhouse App by filtering for [Turbo](https://app.steakhouse.financial/earn?vault-tags=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 | Ethereum | SHF v1 | `0xBEEFFF4716a49418D69c251cab8759bB107e57C8` |
| Steakhouse High Yield Turbo ETH Base | ETH | Base | SHF v1 | `0xBEEFFFdeADc2c172130Ac4C5Ae48c8D4708BFb40` |
| Steakhouse High Yield Turbo ETH Ethereum | ETH | Ethereum | SHF v1 | `0xBEEFFFcbA46C49A24cfBfFc19166e8f089B59300` |
| Steakhouse High Yield Turbo USDC Arbitrum | USD | Arbitrum | SHF v1 | `0xBEEFFF13dD098De415e07F033daE65205B31A894` |
| USDG Turbo | USD | Robinhood | Morpho v2 | `0xbeEfFF136E3684273e6aA75A1669B784B373A4FD` |

## Main strategies

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For more on [Carry](/docs/products/stablecoin-products/blocks/carry) and [Looping](/docs/products/stablecoin-products/blocks/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