Nearly 6,000 users have already interacted with Steakhouse Financial’s yield vaults on the Robinhood Chain, a surprisingly fast uptake for a product that went live alongside the chain’s mainnet on July 1, 2026.
The product, called Robinhood Earn, lets eligible users deposit USDG stablecoins into Morpho-based vaults curated by Steakhouse Financial, earning variable yields projected around 7% APY. No lock-up periods.
What Steakhouse built and why it matters
Steakhouse Financial serves as the exclusive risk curator for Robinhood Earn, meaning it decides which collateral strategies get approved and how risk gets managed across the vaults.
The firm manages over $4.5 billion in total value locked across its various vault deployments as of July 2026. It has been partnered with Morpho since January 2024 to build out yield infrastructure, and it runs comparable curation efforts for other platforms, including Coinbase, where TVL has historically reached into the hundreds of millions.
