You can now earn up to 12% yield on $EURCV (EUR CoinVertible) with Euro-native onchain savings, directly inside your Safe.

We’re bringing institutional-grade EUR yield into self-custody through a dedicated Morpho vault. In addition to native lending and borrowing yield, eligible deposits may receive additional $EURCV rewards – check the Earn interface for current campaign details.

Below is the exact flow inside your Safe.

1. Navigate to Earn

Ensure you are holding $EURCV in your Safe{Wallet}. 

You have two options to take you to the $EURCV vault interface:

• Click the banner: EURCV is now available → select Start earning

• Or click Earn in the left sidebar

2. Enter deposit amount

• Select Deposit EURCV

• Enter the amount of $EURCV you want to allocate

• Click Review deposit

3. Review vault details

You’ll now see:

• The amount of safestmEURCV you will receive

• Its current USD value

• Expected annual and monthly rewards

• Performance fee (currently 0%)

• Additional rewards available (e.g. 2.3% in MORPHO with 0% fee)

At this stage, you’ll also set an allowance for how much of your $EURCV tokens the dedicated spender can spend.

Before clicking continue, you’ll review a full summary of actions:

• Approving $EURCV

• Depositing into the Safe Steakhouse EURCV vault

• Transaction details

• Your resulting balance change

4. Confirm and Execute

Safe{Wallet} automatically runs security checks before execution, allowing you to verify the transaction details.

• Click Continue

• Click Execute

• Approve the transaction request in your Safe

Once executed, your $EURCV is deposited into the dedicated Morpho vault and begins earning yield. 

You receive vault tokens (safestmEURCV) representing your share. Yield accrues based on lending activity inside Morpho.

All actions are executed directly from your Safe – without giving up custody.

How does the Steakhouse EURCV vault generate yield?

The Steakhouse EURCV vault follows a dual engine strategy.

It allocates capital across blue chip crypto and real world asset collateral markets. Allocation shifts depending on market conditions to optimise risk-adjusted yield.

Steakhouse Financial curates the vault, supervises eligible collateral, manages capital allocation, and oversees risk controls. This is structured capital deployment, not passive yield farming.

Infrastructure behind the vault

This integration combines multiple institutional-grade layers:

Kiln: Deposits and yield execution happen via the Kiln widget embedded inside Safe, enabling seamless, scalable in-app access to euro yield.

Morpho: Powers the lending infrastructure and vault mechanics.

Steakhouse Financial: Curates and risk-manages the dedicated EURCV vault.

Société Générale-FORGE: Issuer of $EURCV, a MiCA-compliant euro-pegged stablecoin designed for euro-denominated onchain use cases.

Safe{Wallet}

3 March 2026

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