Smokehouse USDC (bbqUSDC) stablecoin analytics
bbqUSDC is Steakhouse's high-yield MetaMorpho USDC vault; share price accrues borrower interest across wider-risk Morpho markets.
Static Profile
Static stablecoin profile
Smokehouse USDC (bbqUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Variant Relationship
Smokehouse USDC (bbqUSDC) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Jun 20, 2026
Smokehouse USDC is Steakhouse's high-yield MetaMorpho vault over USDC, built for borrowers and collateral types that sit outside the calmer Prime line. The wrapper still starts with Circle's dollar, but the yield stack is Morpho lending exposure curated toward wider and more...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 20, 2026 · facts as of Jun 20, 2026
- Collateral
- USDC deposited into Steakhouse's Smokehouse MetaMorpho vault, allocated across Morpho Blue lending markets that intentionally include wider and more exotic borrower collateral than Steakhouse's Prime line
- Peg Mechanism
- ERC-4626 MetaMorpho vault shares appreciate against USDC as borrower interest accrues; withdrawals redeem shares for available USDC liquidity or wait for Morpho market liquidity to return
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is bbqUSDC safe?
Pharos does not mark bbqUSDC as absolutely safe. Static metadata says Smokehouse USDC uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety bbqusdc-steakhouse
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 20, 2026.
bbqUSDC quick answers
What is Smokehouse USDC (bbqUSDC)?
bbqUSDC is Steakhouse's high-yield MetaMorpho USDC vault; share price accrues borrower interest across wider-risk Morpho markets. The static profile records its US Dollar peg mechanism as: ERC-4626 MetaMorpho vault shares appreciate against USDC as borrower interest accrues; withdrawals redeem shares for available USDC liquidity or wait for Morpho market liquidity to return
What backs bbqUSDC?
Pharos classifies bbqUSDC backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited into Steakhouse's Smokehouse MetaMorpho vault, allocated across Morpho Blue lending markets that intentionally include wider and more exotic borrower collateral than Steakhouse's Prime line Reserve evidence: live reserve feed configured.
Can bbqUSDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for bbqUSDC, when applicable, appear in the dossier below.