Gauntlet USDG PremiumV2
A Morpho V2 vault on Arbitrum that lends out USDG deposits, curated by Gauntlet. Depositors earn 0.00% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.00%
after fees, paid to depositors
30-day APY
–
the vault is younger than 30 days
Deposits
$5.00M
5.00M USDG
Withdrawable now
$5.00M
100% of deposits
Performance fee
10%
of the interest earned
Depositors
2
largest holds 100.0%
Gauntlet USDG Premium APY history
Net APY earned each day, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| syrupUSDG / USDGLLTV 91.5% · under $1,000, not tracked here | $2.00 | <0.01% |
| Idle cashnot lent out | $5.00M | 100.0% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| Small or unlisted markets | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 2.10% |
|---|
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0x5a4E…d4D03-of-7 multisig |
| Timelock to raise a cap | 3 dayswait before more can go into a market |
| Timelock to add an adapter | 7 dayswait before a new kind of investment |
| Timelock to raise fees | 1 day |
| Allocators | 1addresses that move money between markets |
| Sentinels | 2can pull money back or cut caps in an emergency |
| Created | October 1, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDGprice $1.0000 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.00% |
| Vault contract | 0x390c…BCfa |
| USDG token | 0x004B…9bbC |
| Network | Arbitrum |
The curator's description: "The Gauntlet USDG Premium is designed to optimize risk-adjusted returns by lending USDG to Real World Asset collateral markets including credit and tokenized equities ensuring robust risk."
Largest depositors
2 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x7c59…D311 | $5.00M | 100.0% |
| 0x3470…b1b2 | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet USDG Premium
Gauntlet USDG Premium is a Morpho V2 vault on Arbitrum, created on October 1, 2026. It takes USDG deposits and lends them to borrowers in 1 Morpho market. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $5.00M (5.00M USDG) from 2 depositors and pays a net APY of 0.00% after its 10% performance fee.
Its largest position is syrupUSDG / USDG at <0.01% of its deposits. 100% sits idle, not lent out. Counting every market, its loans are backed mainly by Small or unlisted markets (100%). 100% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. The owner is a 3-of-7 multisig wallet. Morpho's app shows no warnings for this vault.
Gauntlet USDG Premium: quick answers
What is the APY of Gauntlet USDG Premium on Arbitrum?
Gauntlet USDG Premium pays 0.00% net APY right now, after its fees. The rate changes every day with what its borrowers pay.
What does Gauntlet USDG Premium lend against?
It lends USDG through 1 Morpho market. The biggest is syrupUSDG / USDG with <0.01% of its deposits. 100% sits idle. Overall its loans are backed mainly by Small or unlisted markets (100%).
Can I withdraw from Gauntlet USDG Premium right now?
Yes: all of its $5.00M in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USDG left. That can change quickly when borrowing picks up.
Who runs Gauntlet USDG Premium and what does it charge?
Gauntlet curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Gauntlet USDG Premium?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
Other USDG vaults
The same deposit asset, other curators and networks
