Gauntlet WETH Core
A Morpho vault on Base that lends out WETH deposits, curated by Gauntlet. Depositors earn 1.83% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
1.83%
after fees, paid to depositors
30-day APY
1.75%
7-day 1.60%
Deposits
$526K
195.78 WETH
Withdrawable now
$357K
68% of deposits
Performance fee
10%
of the interest earned
Depositors
4,085
largest holds 10.8%
Gauntlet WETH Core 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 |
|---|---|---|
| wsuperOETHb / WETHLLTV 91.5% | $174K | 33.0% |
| weETH / WETHLLTV 91.5% | $132K | 25.0% |
| wstETH / WETHLLTV 94.5% | $129K | 24.4% |
| wstETH / WETHLLTV 96.5% | $40.3K | 7.7% |
| cbBTC / WETHLLTV 91.5% | $26.1K | 5.0% |
| cbETH / WETHLLTV 96.5% | $24.2K | 4.6% |
| Idle cashnot lent out | $2.0K | 0.4% |
| cbETH / WETHLLTV 94.5% | $66.00 | 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
| wsuperOETHb | 33.0% |
|---|---|
| wstETH | 32.1% |
| weETH | 25.0% |
| cbBTC | 5.0% |
| cbETH | 4.6% |
| Other | 0.4% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 1.82% |
|---|---|
| Last 7 days | 1.60% |
| Last 30 days | 1.75% |
| Last year | 2.02% |
| Since the vault started | 2.38% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0x5a4E…d4D04-of-7 multisig |
| Guardian | 0x7084…84cD |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | June 3, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.7K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 2.04% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x6b13…8844 |
| WETH token | 0x4200…0006 |
| Network | Base |
The curator's description: "The WETH Core Vault will list a range of liquid collateral markets and continuously optimize risk-adjusted yield across those markets."
Largest depositors
4,085 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xEFbC…0242 | $57.1K | 10.8% |
| 0x8B28…23c9 | $42.5K | 8.1% |
| 0xf7bb…3100 | $39.6K | 7.5% |
| 0x3dc4…51Cf | $28.0K | 5.3% |
| 0x5773…7432 | $19.4K | 3.7% |
| 0x8Cea…2A78 | $15.4K | 2.9% |
| 0xaCd0…2D96 | $14.2K | 2.7% |
| 0xD4c1…D286 | $13.9K | 2.6% |
| 0xA043…4E3A | $12.4K | 2.4% |
| 0x9f1b…C446 | $11.7K | 2.2% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet WETH Core
Gauntlet WETH Core is a MetaMorpho vault (Morpho V1) on Base, created on June 3, 2024. It takes WETH deposits and lends them to borrowers in 7 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $526K (195.78 WETH) from 4,085 depositors and pays a net APY of 1.83% after its 10% performance fee. Over the last 30 days depositors actually earned 1.75% a year, and 2.02% over the last year.
Its largest position is wsuperOETHb / WETH at 33% of what it lends, followed by weETH / WETH (25%) and wstETH / WETH (24%). Counting every market, its loans are backed mainly by wsuperOETHb (33%), wstETH (32%) and weETH (25%). 68% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock, 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 WETH Core: quick answers
What is the APY of Gauntlet WETH Core on Base?
Gauntlet WETH Core pays 1.83% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.75% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Gauntlet WETH Core lend against?
It lends WETH through 7 Morpho markets. The biggest is wsuperOETHb / WETH with 33% of its lending. Overall its loans are backed mainly by wsuperOETHb (33%), wstETH (32%) and weETH (25%).
Can I withdraw from Gauntlet WETH Core right now?
About $357K of its $526K in deposits (68%) 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 WETH Core 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 WETH Core?
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. This is not advice.
Other WETH vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Steakhouse Prime ETHV2Steakhouse Financial · Monad · $45.77M | 2.88%incl. 1.50% rewards |
| Steakhouse ETHSteakhouse Financial · Ethereum · $31.21M | 1.84% |
| Gauntlet WETH PrimeV2Gauntlet · Ethereum · $26.24M | 1.71% |
| Steakhouse Prime ETHV2Steakhouse Financial · Ethereum · $21.33M | 1.87% |
| Vault Bridge WETHGauntlet · Ethereum · $17.36M | 1.65% |
| Uniswap ETHV2Gauntlet · Ethereum · $10.45M | 1.90% |
| Gauntlet WETH PrimeGauntlet · Ethereum · $8.72M | 1.82% |
| Clearstar Core ETHV2Clearstar · Base · $8.53M | 3.50%incl. 2.00% rewards |