Woofun AI data shows that the Robinhood Earn vault, operated by Steakhouse Financial on Morpho, has accumulated $16 million in total value locked while offering a 7.1% annual percentage yield. This return comprises 1.7% from protocol revenue and 5.4% from incentive subsidies. Tom Wan, Head of Data at Entropy Advisors, highlighted that Robinhood dedicates an annual $115 million USDG incentive budget to this vault. At the current ~5% incentive rate, this funding could theoretically support deposits up to $2 billion, implying a potential TVL range of $1.5 billion to $2.5 billion.