Гаманець для Steakhouse ETH Morpho Vault

What is Steakhouse ETH Morpho Vault (STEAKETH)?

What the token represents

STEAKETH is the share token of an ETH-denominated vault on Morpho curated by Steakhouse. ETH goes in, the vault lends it out across Morpho markets that the curator selects - markets collateralized by major crypto assets and, depending on conditions, tokenized real-world collateral - and the share you receive is your claim on that pool.

A few things follow from that structure and they matter more than any description of the strategy.

• The vault works in wrapped ETH. Native ETH has to be wrapped before it enters and comes back out wrapped, so a redemption leaves you holding WETH until you unwrap it.
• The share count does not move. Your STEAKETH balance is the same number tomorrow as today; the redeemable amount of ETH behind one share is what shifts.
• Exits are not instant by nature. Redemption draws on liquidity that is not currently lent out in the underlying markets, so a large withdrawal can depend on the state of those markets.
• The curator can reallocate. Which Morpho markets your deposit sits behind is a decision made on the vault's side, not a fixed list.

Every one of those actions - depositing, redeeming, unwrapping - is an Ethereum transaction, and each one needs ETH in the same wallet to pay for it. With Tangem that ETH sits next to the vault share in one wallet, and the transaction is authorized by holding the card against the phone, no cable and nothing to charge. Handling a position whose entry and exit both cost gas is simply less fiddly that way. Supported networks in Tangem (1): Ethereum.