Vaults Overview

Two vaults are planned, one is live. Both are deployed on Lagoon Finance on Ethereum mainnet.

Flint USD (live)

Asset	USDC
Network	Ethereum
APR	~10% target yield
Distribution	Weekly, on-chain
Underlying	opLend bonds backed by real estate operations
Duration	~18 months average
Currency exposure	EUR (the underlying bonds are euro-denominated)
Access	app.lagoon.finance

The flagship vault. Your USDC gets deployed into euro-backed real estate debt bonds originated through lend.xyz. Interest from real estate operations flows back weekly to depositors.

While you deposit and receive USDC, the bonds underneath are EUR-denominated, so there's indirect EUR/USD exposure baked in. It's disclosed, it's not hedged by default. More detail in the Risk Framework.

Flint EUR (coming soon)

Asset	EUR stablecoin
Network	Ethereum
APR	~10% (planned)

The same strategy without the currency conversion layer, for depositors who prefer EUR-denominated exposure end to end.

Idle liquidity: Steakhouse Prime USDC

Between deployment cycles or while a deposit is pending settlement, idle USDC gets routed to Steakhouse Prime USDC on Morpho Blue. It earns yield in the meantime (~4% APY) with no lock-up, so capital isn't sitting dormant while it waits.

Operator	Steakhouse Financial
APY	~4% (live)
TVL	$64M+
Lock-up	None

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