Steakhouse Financial review
Steakhouse Financial is a crypto-native risk and treasury advisory that curates one of the largest vault books on Morpho across roughly twenty vaults. It ranks near the top on assets but takes a double-digit fee and its measured book contracted over the last quarter.
The numbers
| Metric | Value | Score | Source |
|---|---|---|---|
| Assets under curatorship29% | $396.5M | 9.5/10 | Morpho 2026-09-22 |
| 90-day growth18% | -55.2% | 3.5/10 | Morpho 2026-09-22 |
| Concentration24% | 67.2% | 7.0/10 | Morpho 2026-09-22 |
| Utilisation12% | 90.5% | 8.0/10 | Morpho 2026-09-22 |
| Fee17% | 11.98% | 6.0/10 | Morpho 2026-09-22 |
Concentration and utilisation are AUM-weighted across the firm’s listed vaults. Each metric is scored 0–10 on fixed open-data thresholds (see the methodology). Active depositor counts have no reliable open feed, so that metric is left out of the rubric rather than estimated.
- Assets under curatorship: $396.5M (9.5/10)
- Utilisation: 90.5% (8.0/10)
- 90-day growth: -55.2% (3.5/10)
Who it’s for
Depositors who want the deepest, most battle-tested book in this field and will trade a little transparency for scale.
Depositors who need a published, third-party depositor count and audit trail beyond what the protocol exposes.
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