Gauntlet USDC Prime
A Morpho vault on Ethereum that lends out USDC deposits, curated by Gauntlet. Depositors earn 4.49% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
4.49%
after fees, paid to depositors
30-day APY
4.25%
7-day 4.26%
Deposits
$23.02M
23.02M USDC
Withdrawable now
$16.29M
71% of deposits
Performance fee
5%
of the interest earned
Depositors
1,528
largest holds 16.4%
Gauntlet USDC Prime 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 |
|---|---|---|
| WBTC / USDCLLTV 86% | $16.42M | 71.4% |
| WETH / USDCLLTV 86% | $3.32M | 14.4% |
| wstETH / USDCLLTV 86% | $1.75M | 7.6% |
| wstETH / USDCLLTV 86% | $1.30M | 5.6% |
| WBTC / USDCLLTV 86% | $213K | 0.9% |
| cbBTC / USDCLLTV 86% | $2.2K | <0.01% |
| cbBTC / USDCLLTV 86% | $0 | 0.0% |
| Idle cashnot lent out | $0 | 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
| WBTC | 72.3% |
|---|---|
| WETH | 14.4% |
| wstETH | 13.2% |
| cbBTC | 0.1% |
| Other | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 4.39% |
|---|---|
| Last 7 days | 4.26% |
| Last 30 days | 4.25% |
| Last year | 3.70% |
| Since the vault started | 4.96% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0xC684…fAec4-of-7 multisig |
| Guardian | 0x7084…84cD |
| Timelock | 7 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | March 5, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9999 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 4.74% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xdd0f…490d |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "The Gauntlet USDC Prime vault aims to optimize for risk-adjusted yield across large market cap and high liquidity collateral markets."
Largest depositors
1,528 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xA118…FAe7 | $3.78M | 16.4% |
| 0x5296…2834 | $3.04M | 13.2% |
| 0xc81a…EEb2 | $2.61M | 11.3% |
| 0xC45a…1D1e | $2.35M | 10.2% |
| 0x9fC3…213e | $2.07M | 9.0% |
| 0x25ea…ba4E | $1.34M | 5.8% |
| 0xA501…529b | $1.04M | 4.5% |
| 0xfeA6…07cc | $858K | 3.7% |
| 0xb0E8…715C | $414K | 1.8% |
| 0x774d…d587 | $342K | 1.5% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet USDC Prime
Gauntlet USDC Prime is a MetaMorpho vault (Morpho V1) on Ethereum, created on March 5, 2024. It takes USDC deposits and lends them to borrowers in 6 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $23.02M (23.02M USDC) from 1,528 depositors and pays a net APY of 4.49% after its 5% performance fee. Over the last 30 days depositors actually earned 4.25% a year, and 3.70% over the last year.
Its largest position is WBTC / USDC at 71% of what it lends, followed by WETH / USDC (14%) and wstETH / USDC (8%). Counting every market, its loans are backed mainly by WBTC (72%), WETH (14%) and wstETH (13%). 71% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 7-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 USDC Prime: quick answers
What is the APY of Gauntlet USDC Prime on Ethereum?
Gauntlet USDC Prime pays 4.49% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.25% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Gauntlet USDC Prime lend against?
It lends USDC through 6 Morpho markets. The biggest is WBTC / USDC with 71% of its lending. Overall its loans are backed mainly by WBTC (72%), WETH (14%) and wstETH (13%).
Can I withdraw from Gauntlet USDC Prime right now?
About $16.29M of its $23.02M in deposits (71%) 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 USDC Prime and what does it charge?
Gauntlet curates it. It keeps 5% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Gauntlet USDC Prime?
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 7-day timelock. This is not advice.
Other USDC vaults
The same deposit asset, other curators and networks