Gauntlet EURC Balanced on Base
V2A Morpho V2 vault on Base that lends out EURC deposits, curated by Gauntlet. Depositors earn 6.88% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
6.88%
after fees, paid to depositors
30-day APY
3.45%
7-day 2.52%, from the share price
Deposits
$2.01M
1.82M EURC
Withdrawable now
$365K
18% of deposits
Performance fee
0%
of the interest earned
Depositors
140
largest holds 126.4%
Gauntlet EURC Balanced 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 |
|---|---|---|
| cbBTC / EURCLLTV 86% | $2.71M | 83.5% |
| wstETH / EURCLLTV 86% | $477K | 14.7% |
| cbETH / EURCLLTV 86% | $57.0K | 1.8% |
| Idle cashnot lent out | $1.6K | 0.0% |
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
| cbBTC | 83.1% |
|---|---|
| wstETH | 15.7% |
| cbETH | 1.0% |
| WETH | 0.1% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 4.61% |
|---|---|
| Last 7 days | 2.52% |
| Last 30 days | 3.45% |
| Last 90 days | 3.38% |
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 $1.1047 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 6.88% |
| 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
140 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x72F5…6efd | $2.54M | 126.4% |
| 0xFd18…bad1 | $144K | 7.1% |
| 0x5A54…6C28 | $122K | 6.0% |
| 0xCc11…C80c | $87.4K | 4.3% |
| 0x68C3…955d | $48.7K | 2.4% |
| 0x8328…A7A0 | $33.8K | 1.7% |
| 0xD8Ff…634F | $31.2K | 1.5% |
| 0x107f…E1E9 | $25.6K | 1.3% |
| 0x57bE…0862 | $24.2K | 1.2% |
| 0xF30D…dDdb | $20.6K | 1.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet 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 3 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $2.01M (1.82M EURC) from 140 depositors and pays a net APY of 6.88% after its 0% performance fee. Over the last 30 days depositors actually earned 3.45% a year.
Its largest position is cbBTC / EURC at 83% of its deposits, followed by wstETH / EURC (15%) and cbETH / EURC (2%). Counting every market, its loans are backed mainly by cbBTC (83%), wstETH (16%) and cbETH (1%). 18% 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 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 6.88% net APY right now, after its fees. Measured from the growth of its share price, it paid 3.45% 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 3 Morpho markets. The biggest is cbBTC / EURC with 83% of its deposits. Overall its loans are backed mainly by cbBTC (83%), wstETH (16%) and cbETH (1%).
Can I withdraw from Gauntlet EURC Balanced right now?
About $365K of its $2.01M in deposits (18%) 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. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
Other EURC vaults
The same deposit asset, other curators and networks
