Where your money goes
The vault may lend to the places below. Autopilot picks among them using its rules. The table shows each place's rate now, after fees, and the vault's share in it.
Lending vaults on Morpho
Morpho vaults lend to borrowers who put up more collateral than they borrow. A curator sets which collateral is allowed and how much.
| Place | Curator | What it lends against |
|---|---|---|
| Steakhouse High Yield | Steakhouse Financial | A wider set of collateral, for a higher rate |
| Steakhouse Prime | Steakhouse Financial | Blue-chip collateral |
| Gauntlet Prime | Gauntlet | Blue-chip collateral |
| Spark | Spark | Blue-chip collateral |
| Clearstar | Clearstar | Coinbase-wrapped assets such as cbBTC and cbETH |
Morpho markets
The vault can also lend straight to two Morpho markets.
| Place | Borrowers put up |
|---|---|
| Bitcoin loans | Coinbase Bitcoin (cbBTC) |
| Ether loans | Ether (WETH) |
Lending markets
| Place | How it works |
|---|---|
| Fluid | Lends to borrowers on Fluid. The pool is small, so large withdrawals from it can wait for borrowers to repay. |
| Aave | Lends to borrowers on Aave, the largest lending market onchain. The rate follows borrowing demand. |
Protocol limits
All Morpho vaults and markets count as one protocol, so together they hold at most 40% of the vault. Fluid and Aave each hold at most 40% too. A problem at one protocol can't touch more than 40% of savings.