Extrafi XLend WETH

deposits closed

WETH·Base·curated by Gauntlet

APY1.4%-0.44% vs 30d

TVL$477.59K

Risk score40/ 100

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

What this vault actually does

The Extrafi WETH Vault curated by Gauntlet is intended to optimize risk-adjusted yield across high-demand collateral markets on Base.

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 94.2%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Cap-weighted utilization is 90.9%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

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