The 3F x Steakhouse USDC Vault just crossed $20M in deposits on
@Morpho!
The vault is built around a simple conviction: upgrading the financial rails doesn’t change the fundamentals of finance. Trust, reputation, regulation and good risk management still matter.
The 3F x Steakhouse USDC Vault starts with high-quality, regulated RWAs with professional underwriting. Yield is organic with no incentives in order to gauge PMF for lending against quality collateral, targeting a 100-150bps premium to SOFR.
Thanks to the depositors who are helping us build this new fixed-income market that should scale to billions of savers around the world.
Also grateful to our early partners
@steakhousefi,
@FalconXGlobal,
@M11Credit,
@centrifuge,
@JHIAdvisors,
@SuperstateInc,
@Bitwise
$20M down. Trillions to go.