Trust Center
Every number below is read from the contracts, not from a database. The vault holds one lending position: what it is worth, what it owes depositors and how fast it can pay out are public facts on-chain, and this page just reads them.
Enforced by the vault contract, not by policy. Every rule here is a line of verified code.
Principal and spendable yield are separate accounting values inside the vault. A spend can only draw from accrued interest; if it asks for more, it is declined whole. No partial fill, no fallback that tops up from a deposit.
Withdrawing principal and closing a position are direct contract calls with no pause switch. They keep working if this website is down, if the team is unreachable, or while the vault is paused.
If cash cannot be pulled back from the lending market, a position can be paid out as lending-market shares instead. It cannot be paused or undone; the market may charge the force-deallocate penalty shown below if it has to pull cash back first.
The owner or guardian can pause the vault in an emergency. A pause stops new deposits and yield spends, nothing else: withdrawals, closing a position and exit in kind all keep working.
If the lending market loses value, positions become impaired: withdrawals pay pro-rata at the real, reduced value and the shortfall is recorded on-chain. New deposits into an impaired position are refused until it is settled.
One lending market, no strategy rotation, no leverage, no rehypothecation. The owner's only levers are pause, unpause, the caps and the guardian address: there is no function that sends user funds anywhere but back to the user, ownership transfer is two-step and renouncing is disabled.
Verify any figure on this page yourself: every address is public and every read is a plain view call.
0xA28e7e778879Bc523d9B9137060Dd714ec8505870x5fc5360D0400a0Fd4f2af552ADD042D716F1d1680xBeEff033F34C046626B8D0A041844C5d1A5409ddVault source verified as an exact match on Sourcify · security review by Shieldify
Early-access limits, read live from the vault. They only ever restrict deposits.
Owner and guardian can pause and unpause. The owner can also set the caps and the guardian address. Neither can move user funds.
Deposits are supplied to one lending market: Steakhouse USDG on Morpho, an ERC-4626 (Morpho Vault V2) vault. Plain lending interest, no leverage, no strategy rotation.
The penalty only applies to an exit in kind that forces the venue to pull cash back from its adapter. Fees are the venue's, set by its curator, and are already reflected in the share price.