Gauntlet USDT Frontier

USDT·Ethereum·curated by Gauntlet

APY4.06%+0.48% vs 30d

TVL$11.47M

Risk score29/ 100

Thin premium for the risk

63% of this vault is in higher-risk collateral, but it earns just +74 bps over a plain USDT vault — a thin premium for the added tail risk.

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

What this vault actually does

The Gauntlet USDT Frontier Vault targets maximum yield by allocating to potentially higher volatility markets that may face liquidity risks in exchange for greater supplier returns.

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 90.2%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Weighted LLTV across markets is 90.0%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

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