> For the complete documentation index, see [llms.txt](https://steakhouse.financial/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://steakhouse.financial/docs/products/vault-products/current/turbo.md).

# 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.

{% hint style="success" %}
Available on the Steakhouse App by filtering for [Turbo](https://app.steakhouse.financial/earn?vault-tags=Turbo)
{% endhint %}

<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><option value="wkpuqMKxcz9y" label="Arbitrum" color="blue"></option><option value="f2SxRh4663a" label="Robinhood" 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 High Yield Turbo cbBTC 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><code>0xBEEFFF506B52B3323c48aFE0Cb405A284F0f9cF2</code></td></tr><tr><td>Steakhouse High Yield Turbo USDC Ethereum</td><td><span data-option="2N9doBUsSFEP">USD</span></td><td><span data-option="8rufatQiOK8n">Base</span></td><td><span data-option="BrkIhDGIB2XD">SHF v1</span></td><td><code>0xBEEFFF4716a49418D69c251cab8759bB107e57C8</code></td></tr><tr><td>Steakhouse High Yield Turbo ETH Base</td><td><span data-option="KLFXVVeQCMLP">ETH</span></td><td><span data-option="8rufatQiOK8n">Base</span></td><td><span data-option="BrkIhDGIB2XD">SHF v1</span></td><td><code>0xBEEFFFdeADc2c172130Ac4C5Ae48c8D4708BFb40</code></td></tr><tr><td>Steakhouse High Yield Turbo ETH Ethereum</td><td><span data-option="KLFXVVeQCMLP">ETH</span></td><td><span data-option="8rufatQiOK8n">Base</span></td><td><span data-option="BrkIhDGIB2XD">SHF v1</span></td><td><code>0xbeeff1D5dE8F79ff37a151681100B039661da518</code></td></tr><tr><td>Steakhouse High Yield Turbo USDC Arbitrum</td><td><span data-option="2N9doBUsSFEP">USD</span></td><td><span data-option="wkpuqMKxcz9y">Arbitrum</span></td><td><span data-option="BrkIhDGIB2XD">SHF v1</span></td><td><code>0xBEEFFF13dD098De415e07F033daE65205B31A894</code></td></tr><tr><td>USDG Turbo</td><td><span data-option="2N9doBUsSFEP">USD</span></td><td><span data-option="f2SxRh4663a">Robinhood</span></td><td><span data-option="0iDLzoUPwdph">Morpho v2</span></td><td><code>0xbeEfFF136E3684273e6aA75A1669B784B373A4FD</code></td></tr></tbody></table>

## Main 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 %}

### 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


---

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