SwissBorg Morpho USDC

deposits closed

USDC·Ethereum·curated by Gauntlet

APY3.4%+0.42% vs 30d

TVL$10.89M

Risk score28/ 100

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

What this vault actually does

The SwissBorg USDC vault focuses on optimizing risk-adjusted returns in high-liquidity collateral markets with dynamic asset allocation and strict adherence to Gauntlet’s risk management practices. Deposit into that vault via the SwissBorg App.

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.

Cap-weighted utilization is 85.9%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Primary loan or collateral asset is a stablecoin. A sustained depeg below 99 cents impacts NAV and disables liquidation routing for non-USD collateral.

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