Gauntlet

Q: How much does Gauntlet manage on Morpho?

Gauntlet curates 66 vaults listed in the Morpho app, holding $1.02B on 11 networks. The largest is Gauntlet USDC Prime on Base with $398.2M.

Q: What do Gauntlet's Morpho vaults pay?

Weighted by size, its vaults pay 4.47% net APY right now. The best with at least $1M deposited is Gauntlet DAI Core on Ethereum at 9.84% net APY. Rates change daily with borrowing demand.

Q: What do Gauntlet's vaults lend against?

Mostly loans backed by cbBTC (72%), wstETH (6%) and syrupUSDG (6%), counting money lent directly into markets. Each vault's page shows its own mix.

Q: Which networks does Gauntlet run Morpho vaults on?

Base, Ethereum, Arbitrum, Stable, HyperEVM, Polygon, OP Mainnet, Arc, Tempo, Unichain and Katana.

Verified

Gauntlet curates 66 listed Morpho vaults holding $1.02B on 11 networks. A curator chooses which markets its vaults lend to and sets a cap for each one; depositors earn what those loans pay, minus the curator's fee.

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Data from Morpho's API · updated 2026-11-12 18:01 UTC

In their vaults

$1.02B

listed vaults only

Vaults

on 11 networks

Average net APY

4.47%

weighted by vault size

Best vault right now

9.84%

Gauntlet DAI Core

Gauntlet's vaults

Every listed vault Gauntlet curates, largest first. Fees are the share of interest the curator keeps.

Vaults curated by Gauntlet
Vault	Deposits	Net APY	30‑day APY	Fee	Withdrawable
Gauntlet USDC PrimeGauntlet · Base · $398.2M	$398.2M398.28M USDC	4.50%	5.20%	0%	$306.4M
Gauntlet USDC PrimeV2Gauntlet · Base · $229.7M	$229.7M229.79M USDC	4.50%	5.22%	0%	$224.4M
Gauntlet USDC PrimeV2Gauntlet · Ethereum · $110.5M	$110.5M110.51M USDC	4.41%	4.86%	0%	$46.94M
Gauntlet USDG PremiumV2Gauntlet · Arbitrum · $57.06M	$57.06M57.07M USDG	7.11%incl. 4.50% rewards	2.75%	10%	$40.0K
Gauntlet USDC FrontierV2Gauntlet · Ethereum · $23.35M	$23.35M23.36M USDC	5.60%	6.12%	0%	$6.24M
Gauntlet USDC PrimeGauntlet · Ethereum · $21.37M	$21.37M21.38M USDC	4.17%	4.61%	5%	$21.37M
StableEarnV2Gauntlet · Stable · $20.22M	$20.22M20.24M USDT0	6.24%	6.19%	0%	$3.80M
Gauntlet WETH PrimeV2Gauntlet · Ethereum · $19.85M	$19.85M9.85K WETH	2.97%	2.03%	0%	$19.5K
Metronome msUSD VaultGauntlet · Ethereum · $16.97M	$16.97M20.95M msUSD	<0.01%	0.11%	10%	$16.44M
Vault Bridge WETH⚠ Deposits switched offGauntlet · Ethereum · $12.63M	$12.63M6.27K WETH	2.81%	1.73%	5%	$7.01M
Uniswap USDCV2Gauntlet · Ethereum · $10.84M	$10.84M10.84M USDC	4.43%	4.86%	0%	$6.13M
Osero x Gauntlet USDC PrimeV2Gauntlet · Ethereum · $10.02M	$10.02M10.02M USDC	4.39%	4.87%	0%	$8.51M
Vault Bridge WBTCGauntlet · Ethereum · $8.39M	$8.39M116.83 WBTC	0.00%	0.00%	5%	$8.39M
Gauntlet USDT FrontierGauntlet · Ethereum · $8.13M	$8.13M8.14M USDT	2.85%	3.69%	5%	$7.51M
SwissBorg Morpho USDC⚠ Name flagged by MorphoGauntlet · Ethereum · $8.08M	$8.08M8.08M USDC	3.99%	4.37%	5%	$8.08M
Gauntlet USDC RWAGauntlet · Ethereum · $6.71M	$6.71M6.72M USDC	5.71%	5.19%	0%	$1.77M
Gauntlet WETH Prime⚠ Deposits switched offGauntlet · Ethereum · $6.24M	$6.24M3.10K WETH	3.04%	1.92%	5%	$5.46M
Metronome msETH VaultGauntlet · Base · $6.19M	$6.19M3.54K msETH	<0.01%	0.01%	5%	$6.18M
Gauntlet USDC FrontierV2Gauntlet · Base · $4.87M	$4.87M4.87M USDC	5.50%	6.06%	0%	$2.92M
Gauntlet USDC RWAV2Gauntlet · Ethereum · $4.60M	$4.60M4.60M USDC	6.25%	6.95%	0%	$1.89M
Gauntlet USDC CoreGauntlet · Ethereum · $3.55M	$3.55M3.55M USDC	5.51%	5.11%	5%	$2.56M
Uniswap USDTV2Gauntlet · Ethereum · $2.82M	$2.82M2.82M USDT	3.28%	3.94%	0%	$1.23M
Uniswap ETHV2Gauntlet · Ethereum · $2.51M	$2.51M1.24K WETH	3.20%	1.89%	0%	$2.0K
Gauntlet USDT PrimeGauntlet · Ethereum · $2.50M	$2.50M2.51M USDT	2.92%	3.70%	5%	$2.50M
Vault Bridge USDTGauntlet · Ethereum · $2.44M	$2.44M2.45M USDT	2.89%	3.70%	5%	$2.44M
Bitso USDC PrimeV2Gauntlet · Base · $2.35M	$2.35M2.36M USDC	4.27%	4.97%	5%	$1.52M
Gauntlet DAI CoreGauntlet · Ethereum · $2.04M	$2.04M2.04M DAI	9.84%	6.97%	10%	$178K
Gauntlet EURC BalancedV2Gauntlet · Base · $2.01M	$2.01M1.82M EURC	6.85%	3.45%	0%	$367K
Gauntlet WETH BalancedV2Gauntlet · Base · $1.89M	$1.89M938.04 WETH	1.63%	1.73%	0%	$747K
Gauntlet USDC CoreGauntlet · Base · $1.87M	$1.87M1.88M USDC	4.13%	4.71%	10%	$1.74M
Gauntlet LRT CoreGauntlet · Ethereum · $1.76M	$1.76M874.26 WETH	2.89%	1.82%	10%	$1.74M
Juno MXNB PrimeV2Gauntlet · Base · $1.40M	$1.40M26.11M MXNB	0.96%	2.87%	0%	$1.18M
Gauntlet USDCGauntlet · HyperEVM · $1.38M	$1.38M1.38M USDC	4.26%	5.33%	10%	$1.27M
Index Coop hyETHGauntlet · Ethereum · $1.31M	$1.31M651.30 WETH	2.60%	1.80%	10%	$1.31M
Gauntlet EURC CoreGauntlet · Ethereum · $1.12M	$1.12M1.01M EURC	2.11%	2.42%	10%	$336K
Gauntlet USDT FrontierV2Gauntlet · Ethereum · $1.09M	$1.09M1.09M USDT	3.50%	4.61%	0%	$309K
Gauntlet WETH CoreGauntlet · Base · $991K	$991K492.13 WETH	1.45%	1.60%	10%	$853K
Gauntlet WETH BalancedV2Gauntlet · Ethereum · $959K	$959K476.21 WETH	3.20%	2.02%	0%	$769K
Gauntlet WBTC CoreGauntlet · Ethereum · $926K	$926K12.90 WBTC	0.00%	0.00%	10%	$926K
Gauntlet USDC PrimeGauntlet · Arbitrum · $487K	$487K486.92K USDC	5.90%	2.93%	10%	$234K
Compound USDC⚠ Deposits switched offGauntlet · Polygon · $457K	$457K456.63K USDC	6.57%	8.79%	10%	$138K
Gauntlet USDC PrimeGauntlet · OP Mainnet · $454K	$454K453.96K USDC	6.68%	5.30%	20%	$54.4K
Gauntlet USDC CoreGauntlet · Arbitrum · $373K	$373K373.20K USDC	5.78%	2.92%	10%	$198K
Gauntlet USDT PrimeV2Gauntlet · Ethereum · $360K	$360K360.33K USDT	3.02%	3.95%	0%	$254K
Gauntlet eUSD Core⚠ Deposits switched offGauntlet · Ethereum · $347K	$347K349.02K eUSD	4.12%	5.05%	10%	$47.8K
Gauntlet cbBTC CoreGauntlet · Base · $299K	$299K4.17 cbBTC	0.19%	0.06%	10%	$250K
Gauntlet USDC BalancedV2Gauntlet · Arc · $209K	$209K208.93K USDC	12.61%	6.22%	0%	$209
Tempo EarnV2Gauntlet · Tempo · $200K	$200K200.05K OUSD	3.60%incl. 3.60% rewards	–	0%	$200K
Gauntlet USDT0 Vault⚠ Deposits switched offGauntlet · HyperEVM · $185K	$185K185.33K USD₮0	6.35%	6.90%	10%	$185K
Compound WETH⚠ Deposits switched offGauntlet · Polygon · $176K	$176K87.80 WETH	0.03%	0.02%	10%	$176K
Gauntlet USDC BalancedV2Gauntlet · Arbitrum · $166K	$166K165.98K USDC	6.55%	3.43%	0%	$71.5K
Gauntlet USDC PrimeV2Gauntlet · Arbitrum · $164K	$164K163.68K USDC	6.51%	3.26%	0%	$97.7K
Compound USDT⚠ Deposits switched offGauntlet · Polygon · $162K	$162K162.50K USDT0	1.35%	1.43%	10%	$117K
Gauntlet WETH⚠ Deposits switched offGauntlet · Unichain · $157K	$157K78.05 WETH	4.15%	3.59%	10%	$91.0K
Extrafi XLend WETH⚠ Deposits switched offGauntlet · Base · $131K	$131K65.16 WETH	1.32%	1.41%	10%	$52.8K
Gauntlet USDT⚠ Deposits switched offGauntlet · Katana · $108K	$108K107.78K vbUSDT	0.00%	0.00%	10%	$108K
Gauntlet USDC PrimeV2Gauntlet · Arc · $97.8K	$97.8K97.82K USDC	6.87%	3.26%	0%	$95.00
Tempo EarnV2Gauntlet · Tempo · $64.0K	$64.0K64.41K pathUSD	0.80%	1.29%	0%	$1.00
Gauntlet USDC Frontier⚠ Deposits switched offGauntlet · Base · $41.0K	$41.0K41.03K USDC	5.07%	5.53%	10%	$41.0K
Gauntlet USDC⚠ Deposits switched offGauntlet · Unichain · $33.8K	$33.8K33.77K USDC	1.05%	2.72%	10%	$32.9K
Gauntlet USDCV2Gauntlet · HyperEVM · $29.1K	$29.1K29.16K USDC	4.28%	5.37%	10%	$29.1K
Gauntlet EURC CoreV2Gauntlet · Ethereum · $25.6K	$25.6K23.14K EURC	2.35%	2.70%	0%	$19.3K
Gauntlet EURC PrimeV2Gauntlet · Arc · $9.8K	$9.8K8.90K EURC	1.97%	1.94%	0%	$1.00
Gauntlet WETH⚠ Deposits switched offGauntlet · Katana · $9.3K	$9.3K4.61 vbETH	0.00%	0.00%	10%	$9.3K
Gauntlet USDC⚠ Deposits switched offGauntlet · Katana · $1.8K	$1.8K1.77K vbUSDC	0.00%	0.00%	10%	$1.8K
Osero x Gauntlet USDC PrimeV2Gauntlet · Base · $1.00	$1.001.02 USDC	4.49%	–	0%	$0
Nothing matches that filter.

What these vaults lend against

Money lent directly to markets, grouped by the collateral borrowers post. Higher-risk collateral usually pays more.

Collateral	Lent against it	Share	Markets
cbBTC	$710.4M	72.1%	8
wstETH	$60.66M	6.2%	15
syrupUSDG	$55.97M	5.7%	1
WBTC	$52.94M	5.4%	11
WETH	$28.89M	2.9%	8
sthUSD	$16.42M	1.7%	1
weETH	$13.29M	1.3%	8
cbETH	$10.45M	1.1%	6
PT-reUSD-10DEC2026	$7.84M	0.8%	1
AA_FalconXUSDC	$4.55M	0.5%	1
cbXRP	$2.96M	0.3%	1
PRIME	$2.54M	0.3%	1
reUSD	$2.40M	0.2%	1
LBTC	$2.35M	0.2%	3
sUSDe	$2.05M	0.2%	4
sUSDS	$1.94M	0.2%	3
PT-sUSDS-26NOV2026	$1.90M	0.2%	2
siUSD	$1.43M	0.1%	1
kHYPE	$1.22M	0.1%	2
GLV [USDG-USDG]	$1.06M	0.1%	1

Gauntlet on Morpho: quick answers

How much does Gauntlet manage on Morpho?

Gauntlet curates 66 vaults listed in the Morpho app, holding $1.02B on 11 networks. The largest is Gauntlet USDC Prime on Base with $398.2M.

What do Gauntlet's Morpho vaults pay?

Weighted by size, its vaults pay 4.47% net APY right now. The best with at least $1M deposited is Gauntlet DAI Core on Ethereum at 9.84% net APY. Rates change daily with borrowing demand.

What do Gauntlet's vaults lend against?

Mostly loans backed by cbBTC (72%), wstETH (6%) and syrupUSDG (6%), counting money lent directly into markets. Each vault's page shows its own mix.

Which networks does Gauntlet run Morpho vaults on?

Base, Ethereum, Arbitrum, Stable, HyperEVM, Polygon, OP Mainnet, Arc, Tempo, Unichain and Katana.

How to judge a curator's vaults

Look at three things on each vault page. First, what the vault lends against: loans backed by Bitcoin or ETH are usually safer than loans backed by newer or thinly traded tokens. Second, how much cash the vault could pay out today, shown as "withdrawable": if nearly everything is lent out, withdrawals may have to wait. Third, the fee and the timelock, which is how long depositors get to react before the curator's changes take effect. Comparing curators? See the curator ranking, the best vault yields, or read what can go wrong with a vault.