Gauntlet USDC on Katana
⚠ Deposits switched offA Morpho vault on Katana that lends out vbUSDC deposits, curated by Gauntlet. Depositors earn 0.00% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.00%
after fees, paid to depositors
30-day APY
0.00%
7-day 0.00%, from the share price
Deposits
$1.8K
1.77K vbUSDC
Withdrawable now
$1.8K
100% of deposits
Performance fee
10%
of the interest earned
Depositors
115
largest holds 54.0%
Warnings from Morpho
- Deposits switched off
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Gauntlet USDC 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 |
|---|---|---|
| Idle cashnot lent out | $1.9K | 100.0% |
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.
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.00% |
|---|---|
| Last 7 days | 0.00% |
| Last 30 days | 0.00% |
| Last 90 days | 3.01% |
| Last year | 2.19% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0x5D8C…F69f4-of-7 multisig |
| Guardian | 0xd381…B251 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | June 24, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | vbUSDCprice $0.9996 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.00% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xE424…15f7 |
| vbUSDC token | 0x203A…FD36 |
| Network | Katana |
The curator's description: "The Gauntlet USDC Vault will list a selection of liquid collateral markets and allocate across them to optimize risk-adjusted yield. The Vault's 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 USDC suppliers."
Largest depositors
115 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xE509…04E8 | $953 | 54.0% |
| 0xeE18…cadb | $731 | 41.4% |
| 0xE131…b422 | $34.00 | 1.9% |
| 0xD46d…776A | $27.00 | 1.5% |
| 0xcb44…c960 | $20.00 | 1.1% |
| 0x5907…121e | $20.00 | 1.1% |
| 0x5471…bb6D | $13.00 | 0.7% |
| 0x64a2…4Ec0 | $12.00 | 0.7% |
| 0xB47f…0F1F | $10.00 | 0.6% |
| 0x218f…FcbE | $10.00 | 0.6% |
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
Gauntlet USDC is a MetaMorpho vault (Morpho V1) on Katana, created on June 24, 2025. It takes vbUSDC deposits and lends them to borrowers in 0 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $1.8K (1.77K vbUSDC) from 115 depositors and pays a net APY of 0.00% after its 10% performance fee. Over the last 30 days depositors actually earned 0.00% a year, and 2.19% over the last year.
100% sits idle, not lent out. 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 USDC: quick answers
What is the APY of Gauntlet USDC on Katana?
Gauntlet USDC pays 0.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.00% over the last 30 days. The rate changes every day with what its borrowers pay.
Can I withdraw from Gauntlet USDC right now?
Yes: all of its $1.8K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed vbUSDC left. That can change quickly when borrowing picks up.
Who runs Gauntlet USDC 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 USDC?
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 vbUSDC vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Yearn OG USDCV2Yearn · Katana · $2.87M | 2.38% |
| Yearn Degen USDCV2Yearn · Katana · $1.93M | 8.00%incl. 5.97% rewards |
| Steakhouse Prime USDCSteakhouse Financial · Katana · $1.77M | 2.18% |
| Steakhouse Prime USDCV2Steakhouse Financial · Katana · $959K | 2.18% |
| Clearstar Core USDCV2Clearstar · Katana · $740K | 8.00%incl. 4.77% rewards |
| Steakhouse High Yield USDCV2Steakhouse Financial · Katana · $719K | 2.18% |
