Crypto organization financial analysis platform
Steakhouse Financial provide leading DAOs (MakerDAO, LidoDAO, ENS) and select crypto-businesses with financial reporting and analysis to assist in evaluating the financial health of their protocols and projects, providing stakeholders with the disclosures and information they need to interact with these protocols with full informational transparency.
Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated on platform X that the Robinhood Earn vault, managed by Steakhouse Financial on Morpho, has currently reached a TVL of $16 million with an APY of 7.1%. Of this, 1.7% comes from protocol revenue, and 5.4% comes from incentive subsidies.Tom Wan noted that Robinhood allocates an annual incentive budget of $115 million in USDG to this vault. Based on the current incentive rate of approximately 5%, this could theoretically support a deposit scale of around $2 billion, corresponding to a TVL potential of between $1.5 billion and $2.5 billion.
According to The Block, Zama, Morpho, and Steakhouse Financial will launch Steakhouse Confidential USDC Prime Vault, an Ethereum-based confidential DeFi yield product that enables institutional users to deposit encrypted USDC and earn yield without revealing on-chain positions, transaction amounts, or strategy information.