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Gauntlet WETH Core
WETH·Base·curated by Gauntlet
APY1.51%-0.16% vs 30d
TVL$474.66K
Risk score38/ 100
Same yield, exotic risk
28% of this vault sits in higher-risk collateral, yet it earns 1.68% on WETH versus 1.68% 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 WETH Core Vault will list a range of liquid collateral markets and continuously optimize risk-adjusted yield across those 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 92.8%. 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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