Gauntlet USDC RWA
67% of this vault sits in exotic / elevated-risk collateral, yet it earns 4.62% on USDC versus 4.56% for a plain USDC vault (+6 bps). You're not being paid for the extra risk.
The Gauntlet USDC RWA Vault is designed to optimize risk-adjusted returns by lending USDC to Real World Asset collateral markets, including private credit and tokenized equities, ensuring robust risk management and sustainable yield strategies.
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 89.3%, 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.