# Morpho Vault Curation Token incentives Methodology

## 1. Overview

**Token incentives** is measured as the value of native tokens paid out by a project to its supply/demand-side users, core contributors, and/or investors. For **Morpho Vault Curation**, this metric is set to zero. The product is operated as a curation service where revenue is derived from performance fees, and no native protocol tokens are distributed to stakeholders through the curated vault infrastructure.

## 2. Data sources

- **None**: This metric is set to a constant value and does not consume blockchain events

## 3. Step-by-step calculation

### Component A: Metric initialization

- **Purpose**: A numerical value is assigned to the token incentives metric for **Morpho Vault Curation**.
- **Logic**: The token incentives metric is hardcoded to zero. No native token incentive distributions are identified within the smart contracts associated with the curated vaults. A model is reflected where stakeholder compensation is limited to yield and performance fee-sharing rather than native token-based incentives.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

Token incentives

Risk curators

Steakhouse earns performance fees on the yield generated within their curated vaults. Depositors supply capital to Steakhouse-curated vaults, which deploy it into selected lending markets. The curator fee is taken as a percentage of gross vault yield, with the remainder passed through to depositors as supply-side fees.

Steakhouse Financial operates as a risk curator, offering vault products across multiple DeFi lending protocols. They curate yield strategies for institutional and retail depositors, managing risk parameters, collateral selection, and allocation across vaults.

Steakhouse Financial is a blockchain-focused financial services company that provides institutional-grade DeFi infrastructure and advisory services for the emerging stablecoin economy.

Morpho Vault Curation

Token incentives

Token incentives

Chain breakdown