🔐 Governance Upgrade Extends Timelocks and Shifts Control to Independent Entities

Steakhouse Finance has enhanced its Prime USDC Vault on Morpho, allowing users to extract more value from their collateral in what's described as the platform's most conservative venue. **Key Updates:** - weETH now supports 86% loan-to-value (LTV) ratios across Steakhouse Prime Morpho Vaults - Security improvements implemented to enable higher LTV thresholds - Available on [Morpho Base](https://app.morpho.org/base/vault/0xBEEFE94c8aD530842bfE7d8B397938fFc1cb83b2/steakhouse-prime-usdc?tab=vault#allocation) The upgrade follows ether.fi's work on [hardening weETH](https://ether.fi/blog/hardening-weeth-creating-the-market-standard#why-harden-weeth) to create a market standard for liquid staking tokens. This allows users to borrow more against their collateral while maintaining conservative risk parameters.

Ether.fi has unveiled **Phase 2** of its protocol development, introducing thirteen upgrades distributed across five core areas. The upgrades focus on **hardening weETH** and establishing it as the market standard for liquid staking tokens. This follows broader industry efforts to strengthen Ethereum infrastructure and security. **Key highlights:** - 13 distinct protocol improvements - Enhancements span 5 different operational areas - Focus on weETH robustness and market positioning Full technical details and implementation specifics are available in the official blog post at [ether.fi/blog](https://ether.fi/blog/hardening-weeth-creating-the-market-standard). The announcement aligns with ongoing ecosystem-wide initiatives to bolster network security and support broader onchain adoption.

Steakhouse Finance has developed a rigorous risk framework focused on reducing depositor reliance on operators. The framework operates across three distinct phases: - **Prime tier**: Blue-chip collateral with highest safety standards - **High yield tier**: Exotic assets with transparent risk profiles The approach emphasizes transparency over risk elimination, giving depositors clear frameworks to make informed decisions. This "hardening process" represents some of the most stringent standards in DeFi vault management.

Ether.fi has separated its liquid staking and restaking products into two distinct tokens: - **weETH** is now a pure liquid staking token (LST) with no restaking exposure - **weETHs** handles all restaking functionality, powered by Symbiotic This unbundling means users can choose their risk profile more precisely - holding weETH for straightforward ETH staking rewards, or weETHs for additional restaking yields. The move eliminates the previous bundled risk structure where both activities were combined in a single asset.