Gauntlet USDT0 Vault on HyperEVM
⚠ Deposits switched offA Morpho vault on HyperEVM that lends out USD₮0 deposits, curated by Gauntlet. Depositors earn 6.35% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
6.35%
after fees, paid to depositors
30-day APY
6.90%
7-day 5.95%, from the share price
Deposits
$185K
185.33K USD₮0
Withdrawable now
$185K
100% of deposits
Performance fee
10%
of the interest earned
Depositors
2,030
largest holds 16.4%
Warnings from Morpho
- Deposits switched off
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Gauntlet USDT0 Vault 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 |
|---|---|---|
| kHYPE / USD₮0LLTV 62.5% | $216K | 80.2% |
| UBTC / USD₮0LLTV 77% | $53.2K | 19.8% |
| 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
| kHYPE | 92.1% |
|---|---|
| UBTC | 7.9% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 6.31% |
|---|---|
| Last 7 days | 5.95% |
| Last 30 days | 6.90% |
| Last 90 days | 7.15% |
| Last year | 6.44% |
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 7, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USD₮0price $0.9990 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 7.08% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x53A3…2FfA |
| USD₮0 token | 0xB8CE…5ebb |
| Network | HyperEVM |
The curator's description: "The Gauntlet USDT0 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 USDT0 suppliers."
Largest depositors
2,030 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xEbB9…d61b | $30.4K | 16.4% |
| 0x11d6…Eb81 | $30.2K | 16.3% |
| 0x1368…bd66 | $30.2K | 16.3% |
| 0x2526…e4f4 | $30.0K | 16.2% |
| 0x4de8…9B21 | $20.6K | 11.1% |
| 0x4A35…b371 | $17.2K | 9.3% |
| 0xBC00…C3D2 | $14.8K | 8.0% |
| 0x261B…67f3 | $14.0K | 7.6% |
| 0xa3e0…8591 | $12.5K | 6.8% |
| 0xFe9F…2016 | $9.4K | 5.1% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Gauntlet USDT0 Vault
Gauntlet USDT0 Vault is a MetaMorpho vault (Morpho V1) on HyperEVM, created on May 7, 2025. It takes USD₮0 deposits and lends them to borrowers in 2 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $185K (185.33K USD₮0) from 2,030 depositors and pays a net APY of 6.35% after its 10% performance fee. Over the last 30 days depositors actually earned 6.90% a year, and 6.44% over the last year.
Its largest position is kHYPE / USD₮0 at 80% of its deposits, followed by UBTC / USD₮0 (20%). Counting every market, its loans are backed mainly by kHYPE (92%) and UBTC (8%). 100% 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 a warning for this vault: deposits switched off.
Gauntlet USDT0 Vault: quick answers
What is the APY of Gauntlet USDT0 Vault on HyperEVM?
Gauntlet USDT0 Vault pays 6.35% net APY right now, after its fees. Measured from the growth of its share price, it paid 6.90% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Gauntlet USDT0 Vault lend against?
It lends USD₮0 through 2 Morpho markets. The biggest is kHYPE / USD₮0 with 80% of its deposits. Overall its loans are backed mainly by kHYPE (92%) and UBTC (8%).
Can I withdraw from Gauntlet USDT0 Vault right now?
Yes: all of its $185K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USD₮0 left. That can change quickly when borrowing picks up.
Who runs Gauntlet USDT0 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 USDT0 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. Adding a market or raising a cap waits behind a timelock of 3 days. Morpho's app flags: deposits switched off. This is not advice.
Other USD₮0 vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Felix USDT0 V2V2Felix · HyperEVM · $3.43M | 6.33% |
| Felix USDT0Felix · HyperEVM · $2.14M | 6.21% |
| Felix USDT0 (Frontier)Felix · HyperEVM · $181K | 6.56% |
