This market will resolve to “Yes” if any Steakhouse Financial product (such as Steakhouse-curated vaults on lending platforms, or Steakhouse yield vault products in collaboration with other protocols) suffers an exploit or incurs bad debt of $1,000,000 or more in a single incident, after the creation of this market and before December 1, 2026 - 00:00 UTC.

Otherwise, this market will resolve to “No.”

For the purposes of this market:

• An “exploit” is a smart contract vulnerability, security incident, oracle manipulation/failure, or compromised key that causes a verifiable loss of 1,000,000 or more.

• “Bad debt” is defined as realized, unrecovered losses to a Steakhouse product's depositors arising from liquidated or underwater loan positions in markets the vault is allocated to, of $1,000,000 or more in a single incident.

• Incidents occurring or initiated before market creation are not eligible.

• Losses at third-party protocols that do not affect a Steakhouse product's depositors do not qualify.