Gauntlet USDC Core
63% of this vault is in exotic / elevated-risk collateral, but it earns just +56 bps over a plain USDC vault — a thin premium for the added tail risk.
The USDC Core Vault will list a range of liquid collateral markets and continuously optimize risk-adjusted yield across those markets. This vault targets a higher risk level than Gauntlet's Prime Vaults.
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.
Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.
Cap-weighted utilization is 89.9%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.