Gauntlet AUSD
100% of this vault sits in higher-risk collateral, yet it earns 7.1% on AUSD versus 9.35% for a plain AUSD vault (-225 bps). You're not being paid for the extra risk.
The Gauntlet AUSD Vault will list a selection of liquid collateral markets and allocate across them to optimize risk-adjusted yield. The Vault's risk strategy will follow the CORE framework, where Gauntlet curates deposits to balance security and yield to provide a moderate risk profile and competitive APY for AUSD suppliers.
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 96.1%, 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.