Gauntlet USDC
85% of this vault sits in higher-risk collateral, yet it earns 3.77% on USDC versus 4% for a plain USDC vault (-23 bps). You're not being paid for the extra risk.
The Gauntlet USDC vault optimizes for maximum yield within an aggressive risk framework. The Vault follows Gauntlet’s Frontier Strategy, actively managing allocations to potentially higher volatility yield sources that may face liquidity risks in exchange for greater returns, providing enhanced APY for USDC suppliers.
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.
Primary loan or collateral asset is a stablecoin. A sustained depeg below 99 cents impacts NAV and disables liquidation routing for non-USD collateral.
Vault is split across 7 markets. More markets means more parameter surface area for the curator to monitor.