Gauntlet USDC

vbUSDC·Katana·curated by Gauntlet

APY2.43%-0.06% vs 30d

TVL$1.41M

Risk score34/ 100

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

What this vault actually does

The Gauntlet USDC 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 USDC suppliers.

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.

Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.

Cap-weighted utilization is 86.8%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

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