Steakhouse Confidential Prime USDC

The circulating supply of 32,935,446.52 steakcUSDC tokens, measured at a point in time, reflects how much capital is currently deployed in the vault, and changes in it would indicate whether depositors are entering or leaving. The price of 1.023 USD per share, sitting 1.30 percent below the all-time high recorded 39 days ago, reflects accumulated yield since inception, because vault share tokens in lending protocols typically appreciate in price rather than distribute cash — so the trajectory of that price over time is informative about yield generation. The ratio of fully diluted value to market cap is 1.0 and dilution overhang is 0.0 percent at this point in time, meaning all possible shares are already in circulation, so those figures would only become informative if the vault structure were changed to allow new share classes or caps.

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