Gauntlet WETH Prime

WETH·Ethereum·curated by Gauntlet

APY1.55%-0.21% vs 30d

TVL$15.34M

Risk score40/ 100

Same yield, exotic risk

14% of this vault sits in higher-risk collateral, yet it earns 1.63% on WETH versus 1.64% for a plain WETH vault (+0 bps). You're not being paid for the extra risk.

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

What this vault actually does

The Gauntlet WETH Prime vault aims to optimize for risk-adjusted yield across liquid staking recursive yield markets.

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 96.1%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.

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