Gauntlet EURC BalancedV2
A Morpho V2 vault on Base that lends out EURC deposits, curated by Gauntlet. Depositors earn 2.50% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
2.50%
after fees, paid to depositors
30-day APY
3.15%
7-day 2.73%
Deposits
$767K
673.49K EURC
Withdrawable now
$588K
77% of deposits
Performance fee
0%
of the interest earned
Depositors
126
largest holds 19.1%
Gauntlet EURC Balanced APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| cbBTC / EURCLLTV 86% | $590K | 76.7% |
| wstETH / EURCLLTV 86% | $179K | 23.3% |
| WETH / EURCLLTV 86% | $6.00 | <0.01% |
| cbETH / EURCLLTV 86% | $1.00 | <0.01% |
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
| cbBTC | 76.7% |
|---|---|
| wstETH | 23.3% |
| WETH | <0.01% |
| cbETH | <0.01% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 2.56% |
|---|---|
| Last 7 days | 2.73% |
| Last 30 days | 3.15% |
| Since the vault started | 2.25% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0x5a4E…d4D04-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 | 2addresses that move money between markets |
| Sentinels | 2can pull money back or cut caps in an emergency |
| Created | January 21, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | EURCprice $1.1385 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 2.50% |
| Vault contract | 0x94Af…778D |
| EURC token | 0x60a3…db42 |
| Network | Base |
The curator's description: "The Gauntlet EURC Balanced vault aims to optimize for risk-adjusted yield across large and medium market cap assets and high liquidity yield sources. The vaults risk strategy follows Gauntlets Balanced framework whereby we curate supply to balance security and yield to provide a low risk profile at competitive APYs."
Largest depositors
126 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xFd18…bad1 | $146K | 19.1% |
| 0xD8Ff…634F | $115K | 15.0% |
| 0x1a66…9E4a | $108K | 14.0% |
| 0xCc11…C80c | $94.1K | 12.3% |
| 0x68C3…955d | $49.7K | 6.5% |
| 0xC2d9…34f4 | $34.3K | 4.5% |
| 0x8014…8e80 | $10.5K | 1.4% |
| 0xf87f…c7AB | $10.2K | 1.3% |
| 0xC198…4b0B | $10.2K | 1.3% |
| 0x0BEa…6513 | $10.0K | 1.3% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet EURC Balanced
Gauntlet EURC Balanced is a Morpho V2 vault on Base, created on January 21, 2026. It takes EURC deposits and lends them to borrowers in 4 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $767K (673.49K EURC) from 126 depositors and pays a net APY of 2.50% after its 0% performance fee. Over the last 30 days depositors actually earned 3.15% a year.
Its largest position is cbBTC / EURC at 77% of what it lends, followed by wstETH / EURC (23%) and WETH / EURC (<0.01%). Counting every market, its loans are backed mainly by cbBTC (77%), wstETH (23%) and WETH (<0.01%). 77% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. The owner is a 4-of-7 multisig wallet. Morpho's app shows no warnings for this vault.
Gauntlet EURC Balanced: quick answers
What is the APY of Gauntlet EURC Balanced on Base?
Gauntlet EURC Balanced pays 2.50% net APY right now, after its fees. Measured from the growth of its share price, it paid 3.15% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Gauntlet EURC Balanced lend against?
It lends EURC through 4 Morpho markets. The biggest is cbBTC / EURC with 77% of its lending. Overall its loans are backed mainly by cbBTC (77%), wstETH (23%) and WETH (<0.01%).
Can I withdraw from Gauntlet EURC Balanced right now?
About $588K of its $767K in deposits (77%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs Gauntlet EURC Balanced and what does it charge?
Gauntlet curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Gauntlet EURC Balanced?
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. Changes to it wait behind a 3-day timelock on raising caps. This is not advice.
Other EURC vaults
The same deposit asset, other curators and networks