Universe-level structural risk

Concentration, dependency chokepoints, and modeled stress impact across every tracked vault. The view an allocator builds before committing capital, not after.

Cap-weighted risk score

20Composite (0–100)

Cap-weighted complexity

29Simple universe

Stablecoin-denominated TVL

86.5%Share of tracked TVL

Top curator concentration

41.4%Steakhouse Financial · $1.76B

Elevated/high risk vaults

0 / 107Score ≥ 60

Cross-vault exposure

Concentration matrix

Where each vault is exposed and where the exposures pile up. The bottom row shows the dollar concentration that survives diversification.

Cross-vault concentration matrix

Dollar exposure of every vault to every protocol — direct and indirect. Reading right-to-left shows where structural risk piles up across the curator universe.

Vault	Morpho Blue	USDC	Circle	Morpho V2	Coinbase	cbBTC	Morpho Blue Market (downstream)	Morpho V1 Vault (downstream)	PYUSD	PayPal	RLUSD	Ripple	USDT	Tether
Steakhouse Prime USDC$468.38M	100%	100%	100%		97%	96%
Gauntlet USDC Prime$368.56M	100%	100%	100%		94%	94%
Steakhouse USDC$294.02M	100%	100%	100%		97%	97%
Sentora PYUSD$279M	100%				10%	10%			100%	100%
Paypal USD Main$279M				100%				100%	100%	100%
Sentora RLUSD$204.79M	100%				8%	8%					100%	100%
Sentora RLUSD Main$204.79M				100%				100%			100%	100%
Gauntlet USDC Prime$145.77M	100%	100%	100%		59%	59%
Steakhouse USDC$124.74M	100%	100%	100%		30%	30%
Steakhouse Prime USDC$123.27M		100%	100%	100%			100%
Steakhouse USDT$116.73M	100%				7%	7%							100%	100%
sky.money USDT Savings$115.11M				100%			100%						100%	100%
Steakhouse Ethena USDtb$105.16M	100%
Gauntlet USDC Prime$101.81M		100%	100%	100%			0%	100%
Gauntlet USDC Prime$80.05M		100%	100%	100%			0%	100%
Steakhouse Prime USDC$63.22M		100%	100%	100%			100%
Steakhouse Reservoir USDC$58.24M		100%	100%	100%			100%
Steakhouse Prime EURCV$56.86M				100%			24%	76%
Vault Bridge WBTC$56.3M	100%				0%	0%
Steakhouse EURCV$55.18M	100%				17%	17%
sky.money USDS Flagship$51.24M				100%			100%
Gauntlet WETH Prime$40.63M	100%				0%	0%
Sentora PRIME Main$34.76M				100%			100%		100%	100%
Pangolins USDC$34.09M	100%	100%	100%		100%	100%
Steakhouse High Yield USDC$32.64M		100%	100%	100%			100%
Wintermute USDC Select$29.99M		100%	100%	100%			100%
Vault Bridge WETH$29.87M	100%				0%	0%
Steakhouse Prime USDT$28.3M				100%			100%						100%	100%
Steakhouse ETH$28.27M	100%				0%	0%
Grove x Steakhouse AUSD$27.96M				100%			100%
Smokehouse USDT$26.47M	100%				0%	0%							100%	100%
Alpha USDC Delta V2$25.54M		100%	100%	100%			100%
Steakhouse High Yield USDC$25.33M		100%	100%	100%			100%
Vault Bridge USDC$24.86M	100%	100%	100%		96%	96%
Galaxy USDC Quality$24.54M		100%	100%	100%			100%
Smokehouse USDC$23.93M	100%	100%	100%		5%	5%
Galaxy USDT Quality$23.43M				100%			100%						100%	100%
Flowdesk AUSD RWA Strategy$23.42M				100%			100%
KPK USDC Prime$21.35M		100%	100%	100%			100%
Steakhouse Prime ETH$21.14M				100%			100%
Vault Bridge USDT$20.58M	100%				0%	0%							100%	100%
Wintermute USDC Prime$20M		100%	100%	100%			100%
Galaxy WETH Quality$19.94M				100%			100%
Gauntlet USDC Frontier$19.68M		100%	100%	100%			100%
Hakutora USDC$16.18M	100%	100%	100%		100%	100%
Steakhouse High Yield USDT0$15.77M				100%			100%
Metronome msUSD Vault$14.91M	100%
Steakhouse High Yield USDC$14.63M		100%	100%	100%			100%
Gauntlet USDT Frontier$13.9M	100%				0%	0%							100%	100%
Gauntlet USDT Prime$12.44M	100%				4%	4%							100%	100%
Gauntlet USDC RWA$12.31M	100%	100%	100%		0%	0%
SwissBorg Morpho USDC$10.52M	100%	100%	100%		25%	25%
Moonwell Flagship USDC$9.93M	100%	100%	100%		36%	36%
Clearstar USDC Reactor$9.67M	100%	100%	100%		3%	3%
Gauntlet USDC Core$9.12M	100%	100%	100%		0%	0%
Spark USDC Vault$9M	100%	100%	100%		0%	0%
Moonwell Flagship ETH$8.42M	100%	0%	0%		0%	0%
August AUSD$8.02M	100%				0%	0%
Hakutora USDT$7.64M	100%												100%	100%
Metronome msETH Vault$6.82M	100%
Metronome msETH Vault$6.05M	100%
Gauntlet USDC Prime$5.47M	100%	100%	100%
Gauntlet WBTC Core$5.46M	100%
Steakhouse Reservoir USDC$5.18M	100%	100%	100%
Usual Boosted USDC$4.9M	100%	100%	100%
Steakhouse infiniFi USDC$4.76M	100%	100%	100%
Smokehouse WSTETH$4.66M	100%
Gauntlet LRT Core$4.47M	100%				0%	0%
Index Coop hyETH$4.46M	100%
MEV Capital wETH$4.12M	100%				0%	0%
Yearn OG USDC$3.76M	100%	100%	100%
Gauntlet USDC Core$3.6M	100%	100%	100%
Steakhouse High Yield USDC v1.1$3.45M	100%	100%	100%		21%	21%
Hyperithm USDC Apex$3.44M	100%	100%	100%		0%	0%
Gauntlet WETH Core$3.28M	100%				80%	2%
Compound POL$3.27M	100%
Clearstar USDC Reactor$2.65M	100%	100%	100%		2%	1%
Yearn OG WETH$2.53M	100%				0%	0%
Steakhouse High Yield USDC$2.47M	100%	100%	100%
Gauntlet USDC Frontier$2.37M	100%	100%	100%		16%	16%
ALPHA wETH Core$2.29M	100%
Gauntlet EURC Core$2.2M	100%				0%	0%
ALPHA USDC Core$2.13M	100%	100%	100%
Yearn OG USDC$2.11M	100%	100%	100%		66%	66%
SingularV ETH$2.06M	100%
Gauntlet USDC Prime$2.03M	100%	100%	100%
Gauntlet USDC Core$2M	100%	100%	100%		30%	12%
Moonwell Frontier cbBTC$1.99M	100%				100%	100%
Moonwell Flagship EURC$1.61M	100%				53%	48%
Gauntlet DAI Core$1.58M	100%
Compound USDC$1.55M	100%	100%	100%
Cronos USDC$1.53M	100%	100%	100%
Spark Blue Chip USDC Vault$999.8K	100%	100%	100%		50%	50%
Re7 WETH$916.26K	100%				0%	0%
Hyperithm USDC Apex$772.85K	100%	100%	100%
Steakhouse ETH$768.92K	100%				45%	1%
Gauntlet eUSD Core$716.32K	100%
UltraYield USDC$685.16K	100%	100%	100%		0%	0%
Extrafi XLend WETH$679.63K	100%				58%	43%
Yield Clearstar USDC$550.57K	100%	100%	100%		12%	9%
Flagship USDT$506.86K	100%												100%	100%
Steakhouse EURC$492.07K	100%				21%	19%
Gauntlet LBTC Core$465.7K	100%				0%	0%
Smokehouse DAI$458.01K	100%
Gauntlet EURC Core$443.24K	100%				0%	0%
Clearstar ETH Reactor$353.51K	100%	1%	1%		0%	0%
Yearn USDC$320.47K	100%	100%	100%		0%	0%
Aggregate $	$2.71B	$2.26B	$2.26B	$1.54B	$1.36B	$1.36B	$833.31M	$708.7M	$592.77M	$592.77M	$409.57M	$409.57M	$365.1M	$365.1M

directindirect dependencyDarker = larger $ exposure

Protocol exposure ranking

Where the tracked universe's capital sits, direct or indirect. Click any row to expand the per-vault breakdown; sort by $, breadth, concentration (HHI), or composite blast radius.

Sort

Type

#ProtocolTypeAggregate $Per-vault concentrationVaultsHHIBlast

Dependency topology

Systemic dependency graph

Visualizing every vault → protocol relationship. Nodes with many heavy incoming lines are the protocols whose failure would damage multiple vaults simultaneously.

Systemic dependency graph

Every vault → every protocol it touches, edge width = dollar exposure. Hover a node to isolate its dependencies, click to pin and read the stats panel.

ChainTypeMin $

1005 edges·107 vaults·148 protocols

directindirect!chokepoint

Top chokepoints

Highest combined $-blast × breadth × concentration. Click to pin and inspect.

Tip: hover any node to see its dependencies, click to pin.

Stress library

Modeled scenarios

Standardized tail events applied to every vault. Use to rank by drawdown profile rather than headline APY.

Stress scenario library

Modeled NAV impact per vault across a shared set of historically plausible and structurally relevant tail events. Useful for ranking vaults the way an allocator would: by worst case, not best case.

Vault	LRT collective discount 5%EigenLayer or major LRT issuer event creates a sustained 5% discount across weETH/ezETH/rsETH.	USDe depeg 3%Ethena funding-rate collapse or exchange counterparty event triggers a sustained 3% discount on USDe.	ETH -25% in 24hCascading liquidations across ETH-collateral markets.	Pendle protocol pausePendle AMM cannot process redemptions or trades; liquidations of PT collateral freeze.	Base sequencer halt 48hMulti-day L2 sequencer downtime blocks redemptions and oracle updates.	$50M same-day redemptionLarge allocator exits an individual vault in a single block.
Steakhouse Prime USDCSteakhouse Financial	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Gauntlet USDC PrimeGauntlet	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Steakhouse USDCSteakhouse Financial	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Sentora PYUSDSentora	-0.3%	-5.2%	-0.6%	-4.8%	—	-0.7%
Paypal USD MainSentora	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Sentora RLUSDSentora	-0.4%	-5.2%	-0.4%	-0.1%	—	—
Sentora RLUSD MainSentora	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Gauntlet USDC PrimeGauntlet	-0.4%	-0.2%	-0.3%	-0.1%	—	-1.0%
Steakhouse USDCSteakhouse Financial	-0.6%	-0.2%	-0.4%	-0.1%	—	-1.0%
Steakhouse Prime USDCSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	-0.6%	—
Steakhouse USDTSteakhouse Financial	-0.4%	-0.2%	-0.4%	-0.1%	—	—
sky.money USDT SavingsSky Money	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Steakhouse Ethena USDtbSteakhouse Financial	-0.4%	-5.2%	-0.5%	-0.1%	—	—
Gauntlet USDC PrimeGauntlet	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Gauntlet USDC PrimeGauntlet	-0.4%	-0.2%	-1.1%	-0.1%	-0.6%	—
Steakhouse Prime USDCSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Steakhouse Reservoir USDCSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Steakhouse Prime EURCVSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Vault Bridge WBTCGauntlet	-0.4%	-0.2%	-0.2%	-0.1%	—	—
Steakhouse EURCVSteakhouse Financial	-0.4%	-0.2%	-0.2%	-0.1%	—	—
sky.money USDS FlagshipSky Money	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Gauntlet WETH PrimeGauntlet	-0.4%	-0.2%	-0.5%	-0.1%	—	—
Sentora PRIME MainSentora	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Pangolins USDCPangolins	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Steakhouse High Yield USDCSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Wintermute USDC SelectArmitage by Wintermute	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Vault Bridge WETHGauntlet	-1.4%	-0.2%	-0.5%	-0.1%	—	—
Steakhouse Prime USDTSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Steakhouse ETHSteakhouse Financial	-0.4%	-0.2%	-0.4%	-0.1%	—	—
Grove x Steakhouse AUSDSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Smokehouse USDTSteakhouse Financial	-0.2%	-5.2%	-0.4%	-0.2%	—	—
Alpha USDC Delta V2AlphaPing	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Steakhouse High Yield USDCSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	-0.6%	—
Vault Bridge USDCSteakhouse Financial	-0.4%	-0.2%	-0.5%	-0.1%	—	-1.0%
Galaxy USDC QualityGalaxy Curation	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Smokehouse USDCSteakhouse Financial	-1.1%	-5.2%	-0.7%	-0.4%	—	—
Galaxy USDT QualityGalaxy Curation	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Flowdesk AUSD RWA StrategyFlowdesk	-0.4%	-0.2%	-1.1%	-0.1%	—	—
KPK USDC PrimeKPK	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Steakhouse Prime ETHSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Vault Bridge USDTGauntlet	-0.4%	-0.2%	-0.2%	-0.1%	—	—
Wintermute USDC PrimeArmitage by Wintermute	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Galaxy WETH QualityGalaxy Curation	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Gauntlet USDC FrontierGauntlet	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Hakutora USDCHakutora	-0.4%	-0.2%	-0.5%	-0.1%	—	-1.0%
Steakhouse High Yield USDT0Steakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Metronome msUSD VaultGauntlet	-0.4%	-5.2%	-0.5%	-0.1%	—	—
Steakhouse High Yield USDCSteakhouse Financial	-0.4%	-0.2%	-1.1%	-0.1%	—	—
Gauntlet USDT FrontierGauntlet	-0.2%	-0.2%	-0.4%	-4.8%	—	—
Gauntlet USDT PrimeGauntlet	-0.4%	-0.2%	-0.3%	-0.1%	—	—
Gauntlet USDC RWAGauntlet	-0.4%	-0.2%	-1.1%	-0.1%	—	—
SwissBorg Morpho USDCGauntlet	-0.4%	-0.2%	-0.2%	-0.1%	—	—
Moonwell Flagship USDCAnthias Labs	-0.4%	-0.2%	-0.4%	-0.1%	-0.6%	-1.0%
Clearstar USDC ReactorClearstar	-0.4%	-0.2%	-0.5%	-4.8%	—	-0.8%
Gauntlet USDC CoreGauntlet	-0.2%	-0.2%	-0.6%	-0.1%	—	—
Spark USDC VaultSparkDAO	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Moonwell Flagship ETHAnthias Labs	-0.7%	-0.2%	-0.5%	-0.1%	-0.6%	—
August AUSDAugust Digital	-0.4%	-0.2%	-1.8%	-0.1%	—	-1.0%
Hakutora USDTHakutora	-0.4%	-5.2%	-0.3%	-4.8%	—	—
Metronome msETH VaultGauntlet	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Metronome msETH VaultGauntlet	-0.8%	-0.2%	-0.4%	-0.1%	—	—
Gauntlet USDC PrimeGauntlet	-0.4%	-0.2%	-0.5%	-0.1%	—	-1.0%
Gauntlet WBTC CoreGauntlet	-0.4%	-0.2%	-0.2%	-0.1%	—	—
Steakhouse Reservoir USDCSteakhouse Financial	-0.4%	-0.2%	-0.9%	-0.1%	—	-1.0%
Usual Boosted USDCMEV Capital	-0.4%	-0.2%	-0.6%	-0.1%	—	-0.7%
Steakhouse infiniFi USDCSteakhouse Financial	-0.4%	-0.2%	-0.7%	-4.8%	—	-1.0%
Smokehouse WSTETHSteakhouse Financial	-0.5%	-0.2%	-0.3%	-0.1%	—	—
Gauntlet LRT CoreGauntlet	-1.0%	-0.2%	-0.5%	-0.1%	—	—
Index Coop hyETHGauntlet	-1.0%	-0.2%	-0.6%	-0.1%	—	—
MEV Capital wETHMEV Capital	-0.8%	-0.2%	-0.5%	-0.1%	—	-0.2%
Yearn OG USDCYearn	-0.7%	-0.2%	-0.4%	-4.8%	—	-1.0%
Gauntlet USDC CoreGauntlet	-0.4%	-0.2%	-0.7%	-0.8%	—	-0.7%
Steakhouse High Yield USDC v1.1Steakhouse Financial	-0.8%	-0.2%	-0.5%	-0.3%	-0.6%	-1.0%
Hyperithm USDC ApexHyperithm	-0.4%	-0.2%	-0.5%	-0.6%	—	-0.5%
Gauntlet WETH CoreGauntlet	-0.4%	-0.2%	-0.5%	-0.1%	-0.6%	-0.9%
Compound POLGauntlet	-0.4%	-0.2%	-0.3%	-0.1%	—	—
Clearstar USDC ReactorClearstar	-0.4%	-0.2%	-0.7%	-0.1%	-0.6%	-1.0%
Yearn OG WETHYearn	-0.1%	-0.2%	-0.5%	-0.1%	—	—
Steakhouse High Yield USDCSteakhouse Financial	-1.3%	-0.2%	-0.9%	-0.1%	—	—
Gauntlet USDC FrontierGauntlet	-0.4%	-0.2%	-0.4%	-0.1%	-0.6%	-1.0%
ALPHA wETH CoreAlphaPing	-0.4%	-0.2%	-0.4%	-0.1%	—	—
Gauntlet EURC CoreGauntlet	-0.4%	-0.2%	-0.3%	-0.1%	—	—
ALPHA USDC CoreAlphaPing	-0.4%	-0.2%	-0.8%	-1.0%	—	—
Yearn OG USDCYearn	-0.7%	-0.2%	-0.4%	-0.1%	-0.6%	-1.0%
SingularV ETHSingularV	-0.7%	-0.2%	-0.4%	-0.1%	—	—
Gauntlet USDC PrimeGauntlet	-0.4%	-0.2%	-0.5%	-0.1%	—	—
Gauntlet USDC CoreGauntlet	-0.8%	-0.2%	-0.5%	-0.1%	-0.6%	-1.0%
Moonwell Frontier cbBTCAnthias Labs	-0.4%	-0.2%	-0.2%	-0.1%	-0.6%	—
Moonwell Flagship EURCAnthias Labs	-0.4%	-0.2%	-0.2%	-0.1%	-0.6%	—
Gauntlet DAI CoreGauntlet	-0.4%	-5.2%	-1.0%	-4.8%	—	—
Compound USDCGauntlet	-0.4%	-0.2%	-0.6%	-0.1%	—	-1.0%
Cronos USDCSteakhouse Financial	-0.4%	-0.2%	-0.7%	-0.1%	—	-1.0%
Spark Blue Chip USDC VaultSparkDAO	-0.4%	-0.2%	-0.4%	-0.1%	—	-1.0%
Re7 WETHRE7 Labs	-2.2%	-0.2%	-0.5%	-0.1%	—	—
Hyperithm USDC ApexHyperithm	-0.2%	-0.2%	-0.6%	-0.6%	—	-0.8%
Steakhouse ETHSteakhouse Financial	-0.4%	-0.2%	-0.5%	-0.1%	-0.6%	-1.0%
Gauntlet eUSD CoreGauntlet	-0.4%	-0.2%	-0.3%	-0.1%	—	—
UltraYield USDCUltraYield	-0.4%	-0.2%	-0.6%	-0.1%	-0.6%	-1.0%
Extrafi XLend WETHGauntlet	-0.7%	-0.2%	-0.4%	-0.1%	-0.6%	-0.6%
Yield Clearstar USDCClearstar	-0.4%	-0.2%	-0.4%	-0.1%	-0.6%	-1.0%
Flagship USDTB.Protocol	-0.4%	-0.2%	-0.2%	-0.1%	—	—
Steakhouse EURCSteakhouse Financial	-0.4%	-0.2%	-0.3%	-0.1%	-0.6%	—
Gauntlet LBTC CoreGauntlet	-0.4%	-0.2%	-0.4%	-4.8%	—	—
Smokehouse DAISteakhouse Financial	-0.4%	-5.2%	-1.0%	-4.8%	—	—
Gauntlet EURC CoreGauntlet	-0.4%	-0.2%	-0.3%	-0.1%	-0.6%	—
Clearstar ETH ReactorClearstar	-0.7%	-0.2%	-0.4%	-0.1%	-0.6%	—
Yearn USDCYearn	-0.4%	-0.2%	-0.6%	-0.1%	—	-1.0%