ETH Steakhouse Prime V2
About ETH Steakhouse Prime V2
ETH Steakhouse Prime V2 is an autocompounder on Ethereum with ETH as its underlying token, in which the yield is distributed. It earns yield from its underlying lending venue and automatically converts any claimed rewards into more ETH, removing the manual claim and conversion steps a user would otherwise need to perform on their own.
Rewards earned by the strategy (MORPHO) are periodically converted into ETH and added back to the vault. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders rather than borne by each user individually.
Live since March 2026. Currently indexed at $24 TVL across 1 holder, with a 1.34% 24-hour APY and 1.55% across the trailing 30 days.
Performance Overview
Historical indexer data. Past onchain performance is not a predictive forecast.
Market benchmarking
WETH Looping
Base6.70%$27K#2WETH AutopilotBase3.76%$4.6M#3ETH Base ETH Lending OptimizerBase3.28%$3.5M#12ETH Gauntlet Prime V2
Ethereum1.41%$3ETH Steakhouse Prime V2You are hereEthereum1.34%$24ETH FluidEthereum1.33%$2#28ETH Core
Arbitrum0.27%$2Among the 28 ETH strategies we currently monitor, this product ranks #13. Its 1.34% yield runs 54.0% lower than the cohort average of 2.91%. On a 1 ETH position, that's ~0.001308 ETH per month lower than the cohort average. 12 strategies in the cohort are currently delivering higher APY; 15 are delivering lower. It currently holds $24 in TVL, ranking #18 of 28 by TVL.
Ecosystem context
On Ethereum, this product's yield runs 43.5% lower than the network average across the ETH strategies we monitor. By APY it ranks #4 of 5 in that set. Yields on Ethereum for ETH have averaged 2.37% in our index.
ETH on Ethereum#4 of 5See all 5 ETH strategies on EthereumBy TVL, this product ranks #2 of 5 ETH strategies on Ethereum in our index.
Yield trajectory
Historical indexer data. Past onchain performance is not a predictive forecast.
Strategy stability
Based on APY volatility over the last 30 days. Higher scores indicate steadier yields.
ETHThis strategy currently holds $24, below our $50K liquidity mark. Thin liquidity can mean higher slippage on entry and exit, and the headline yield can be skewed by a small number of holders.
Long-term performance
- Share price has compounded at an annualized rate of 2.10% over 232 days, growing from 1.0000 to 1.0133. This represents a gain of ~0.0133 ETH per 1 ETH supplied at launch.
- TVL experienced a 12% drawdown from its $27 peak, bottoming at $24 over 16 days. It currently stands at $24, 88% of the peak value.
- Best performing month was April 2026 at 5.40% average APY; weakest was July 2026 at 1.32%.
Historical statistics
Over the past 232 days, this vault's APY has moved from an early average of 3.82% to a recent average of 1.45%, a 62.0% decrease. At the start of the window, 1 ETH would have earned ~0.003183 ETH/mo at then-current rates; at recent rates, ~0.00121 ETH/mo.
Total value locked currently sits at $24, up from $21 at the start of tracking. The vault has been live for 232 days.
APY
| 30D Low | 1.23% |
|---|---|
| 30D High | 2.24% |
| 30D Average | 1.55% |
| Lifetime avg (232d) | 2.11% |
| Median APY | 1.50% |
| Best day | 2.24% · Oct 3 |
| Worst day | 1.23% · Oct 13 |
| Volatility | ±0.31% |
| APY range | 1.01pp |
TVL
| 30D Low | $24 |
|---|---|
| 30D High | $27 |
| 30D Average | $26 |
| Lifetime avg (232d) | $22 |
| Median TVL | $27 |
| Best day | $27 · Oct 6 |
| Worst day | $24 · Oct 23 |
| Current TVL | $24 |
| Largest daily change | $2 |
Historical Data
Download CSV| Date | APY |
|---|---|
| Oct 23, 2026 | 1.85% |
| Oct 22, 2026 | 1.85% |
| Oct 21, 2026 | 1.32% |
| Oct 20, 2026 | 1.32% |
| Oct 19, 2026 | 1.32% |
| Oct 18, 2026 | 1.28% |
| Oct 17, 2026 | 1.28% |
Strategy details
Frequently Asked Questions
What's the current APY for ETH Steakhouse Prime V2 on Ethereum?
ETH Steakhouse Prime V2 on Ethereum is showing a 24-hour APY of 1.34%, with a 30-day average of 1.55%. Rates are variable and move with market conditions, liquidity, and the underlying protocol's incentives. The figures reflect the realised yield over the trailing window; they are not a forward guarantee.
How does the autocompounding work?
The strategy holds positions in its underlying lending venue and periodically claims any rewards that accrue. Those rewards (MORPHO) are then converted into more ETH and added back to the vault, increasing the value of each holder's share. The process repeats automatically; holders are not required to claim, swap, or add anything back themselves. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders.
Can I withdraw at any time?
There are no withdrawal periods or lockups. If the underlying strategy holds enough liquidity to satisfy the request, exits are instant. During periods of liquidity stress in the underlying venue, withdrawal capacity can be limited until liquidity returns. See the risk page for details on how this works.
Where does the yield come from?
Yield is sourced from its underlying lending venue. The income stream is a combination of interest paid by the underlying market and reward emissions in MORPHO, which the strategy claims and converts back into ETH on a recurring basis. The rate moves with the underlying venue's utilisation and incentive schedule.
How stable has the APY been?
Over the last 30 days, this vault's APY has ranged from 1.23% to 2.24%, averaging 1.55%, with measured volatility of ±0.31%. The Strategy stability section above shows where this falls on the scale from very volatile to very consistent.
How much is currently in the vault?
The vault currently holds $24 in TVL across 1 holders. The Historical statistics section above shows how this compares to the vault's 30-day range and lifetime peak.
What are the risks?
Like any onchain yield strategy, this vault is exposed to smart contract risk in both the Harvest contracts and its underlying lending venue, market risk in the underlying venue it routes to, and protocol-specific risks of the assets it interacts with. Harvest's core vault infrastructure was audited by Halborn in January 2025. Audits reduce but do not eliminate risk.
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Harvest is an onchain yield index. Performance data reflects historical onchain activity and is not a forecast. See the methodology, risk framework, terms, and disclosures for details on how data is calculated and the risks associated with onchain yield strategies.