Steakhouse USDG (steakUSDG) stablecoin analytics
Answer First
What is Steakhouse USDG (steakUSDG)?
steakUSDG is Steakhouse’s Morpho V2 USDG lending vault; shares accrue yield, absorb strategy losses, and redeem against available liquidity. The static profile records its USDG-denominated NAV accounting mechanism as: ERC-4626 shares represent a proportional USDG-denominated lending position. Interest and fee-share accrual change assets per share; bad debt reduces NAV.
Is steakUSDG safe?
Pharos does not mark steakUSDG as absolutely safe. Static metadata says Steakhouse USDG 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.
Static Profile
Static stablecoin profile
Steakhouse USDG (steakUSDG) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDG-denominated NAV.
Variant Relationship
Steakhouse USDG (steakUSDG) is modeled as a strategy vault variant of Global Dollar (USDG). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Oct 2, 2026
steakUSDG is a Steakhouse-curated Morpho Vault V2 receipt over USDG, with lending interest reflected in assets per share. Holders redeem to the underlying token through idle balances and a selected liquidity adapter, so withdrawal capacity depends on available market liquidity. The immutable core requires deposited assets for user minting, but fee-share issuance and strategy losses can change each holder’s claim. Morpho flags new deposits as disabled while existing holders retain a working redemption path.
- Collateral
- USDG held idle in the exact Morpho VaultV2 and supplied through its sole MorphoMarketV1 adapter; borrower collateral and market liquidity determine strategy risk.
- Peg Mechanism
- ERC-4626 shares represent a proportional USDG-denominated lending position. Interest and fee-share accrual change assets per share; bad debt reduces NAV. Holder withdrawals burn shares and pay USDG atomically when idle assets plus the selected liquidity adapter suffice.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Robinhood Chain.
Next Actions
Exact bot target: /subscribe dews,depeg,safety steakusdg-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 Oct 2, 2026.
steakUSDG quick answers
What is Steakhouse USDG (steakUSDG)?
steakUSDG is Steakhouse’s Morpho V2 USDG lending vault; shares accrue yield, absorb strategy losses, and redeem against available liquidity. The static profile records its USDG-denominated NAV accounting mechanism as: ERC-4626 shares represent a proportional USDG-denominated lending position. Interest and fee-share accrual change assets per share; bad debt reduces NAV.
Is steakUSDG safe?
Pharos does not mark steakUSDG as absolutely safe. Static metadata says Steakhouse USDG 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.
What backs steakUSDG?
Pharos classifies steakUSDG backing as Crypto-Collateralized. Collateral, per the static profile: USDG held idle in the exact Morpho VaultV2 and supplied through its sole MorphoMarketV1 adapter; borrower collateral and market liquidity determine strategy risk. Reserve evidence: live reserve feed configured.
Can steakUSDG 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 steakUSDG, when applicable, appear in the dossier below.