Cap Ecosystem USDC

USDC·Ethereum·curated by Gauntlet

APY4.43%-0.07% vs 30d

TVL$102.62K

Risk score25/ 100

Paid for the risk

100% of this vault is in higher-risk collateral, earning +161 bps over a plain USDC vault.

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

The Cap Ecosystem USDC Vault curated by Gauntlet is intended to optimize risk-adjusted yield across listed liquid collateral markets on Ethereum.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Weighted LLTV across markets is 91.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Cap-weighted utilization is 90.6%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

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