Gauntlet uETH Vault
A Morpho vault on HyperEVM that lends out UETH deposits, curated by Gauntlet. Depositors earn 0.03% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.03%
after fees, paid to depositors
30-day APY
0.04%
7-day 0.03%
Deposits
$198K
73.59 UETH
Withdrawable now
$154K
78% of deposits
Performance fee
10%
of the interest earned
Depositors
850
largest holds 51.2%
Gauntlet uETH Vault 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 |
|---|---|---|
| Idle cashnot lent out | $147K | 74.3% |
| cmETH / UETHLLTV 91.5% | $50.8K | 25.7% |
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
| Other | 74.3% |
|---|---|
| cmETH | 25.7% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.03% |
|---|---|
| Last 7 days | 0.03% |
| Last 30 days | 0.04% |
| Last year | 0.92% |
| Since the vault started | 0.80% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0x0934…Ec574-of-7 multisig |
| Guardian | 0x0685…5E8f |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | May 6, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | UETHprice $2.7K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.04% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x0571…BEAA |
| UETH token | 0xBe67…7907 |
| Network | HyperEVM |
The curator's description: "The Gauntlet WETH Vault will list a selection of liquid collateral markets and allocate across them to optimize risk-adjusted yield. The Vaults risk strategy will follow the CORE framework where Gauntlet curates deposits to balance security and yield to provide a moderate risk profile and competitive APY for WETH suppliers."
Largest depositors
850 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x1cb8…fDA4 | $101K | 51.2% |
| 0x6edE…3d4c | $62.6K | 31.7% |
| 0x1924…41A5 | $3.4K | 1.7% |
| 0x93FF…B647 | $3.2K | 1.6% |
| 0x6B92…8B82 | $2.9K | 1.5% |
| 0xEF66…b883 | $2.7K | 1.4% |
| 0xD6FC…4326 | $2.7K | 1.4% |
| 0x3FFb…171E | $2.1K | 1.1% |
| 0x1358…2c3E | $1.4K | 0.7% |
| 0x174a…8506 | $1.0K | 0.5% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet uETH Vault
Gauntlet uETH Vault is a MetaMorpho vault (Morpho V1) on HyperEVM, created on May 6, 2025. It takes UETH 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 $198K (73.59 UETH) from 850 depositors and pays a net APY of 0.03% after its 10% performance fee. Over the last 30 days depositors actually earned 0.04% a year, and 0.92% over the last year.
Its largest position is cmETH / UETH at 26% of what it lends. Counting every market, its loans are backed mainly by Other (74%) and cmETH (26%). 78% 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 uETH Vault: quick answers
What is the APY of Gauntlet uETH Vault on HyperEVM?
Gauntlet uETH Vault pays 0.03% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.04% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Gauntlet uETH Vault lend against?
It lends UETH through 1 Morpho market. The biggest is cmETH / UETH with 26% of its lending. Overall its loans are backed mainly by Other (74%) and cmETH (26%).
Can I withdraw from Gauntlet uETH Vault right now?
About $154K of its $198K in deposits (78%) 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 uETH Vault 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 uETH Vault?
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.
