Gauntlet vaults
About Gauntlet
Gauntlet has 39 vaults with $836.0M TVLand a 4.4% APY over the last 30 days. Gauntlet is a quantitative risk-modelling firm, active in DeFi since 2018, that curates risk-tiered lending and yield vaults on Morpho, Kamino and Aera.
The curator may have more vaults outside supported blockchains and vault protocols.
Gauntlet is a quantitative risk and optimisation firm, active in DeFi since 2018, whose applied research team works with protocols including Compound and Uniswap. Gauntlet began curating Morpho vaults in early 2024 and now runs them on Ethereum, Base, Arbitrum, OP Mainnet and other networks; it added Kamino vaults on Solana in November 2025 and runs the Gauntlet USD Alpha stablecoin vault on Aera.
Gauntlet vaults on Morpho use three risk tiers. Prime vaults lend against blue-chip collateral such as BTC, ETH and wstETH; Balanced vaults (formerly Core) add selected yield-bearing or moderately higher-risk markets; and Frontier vaults accept less liquid, more speculative collateral for higher yields. On Morpho v2 vaults, adding markets or raising allocation caps carries a seven-day timelock in Prime and three days in Balanced and Frontier. Exchanges and custodians including Bitpanda, Gemini and Anchorage Digital offer Gauntlet-curated vaults to their users.
In March 2026 the Resolv USR exploit hit USR, wstUSR and RLP lending markets held by its USDC Core and USDC Frontier vaults on Ethereum and three other Gauntlet-curated vaults. Gauntlet removed the affected markets and, after an agreement with Resolv, announced 4,379,827 USDC of recovery proceeds for affected depositors, claimable through Merkl, with claim timing varying by vault.
39
vaults out of 5871 TVL $836M Avg. return 4.40% Stablecoin-only Updated
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The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gauntlet USDC Prime Morpho | 4.4% | 4.4% | 11.4% | 39.8 | 0.1% | 0.0% | USDC | $414.25M $442.62M | 2.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Prime Morpho | 4.4% | 4.4% | 4.2% | 136.4 | 0.0% | 0.0% | USDC | $175.81M $185.98M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Prime Morpho | 4.5% | 4.1% | 3.4% | 101.4 | 0.0% | 0.0% | USDC | $117.38M $120.10M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Frontier Morpho | 5.9% | 5.6% | 5.0% | 82.0 | 0.1% | 0.0% | USDC | $23.09M $121.84M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Prime Morpho | 4.3% | 4.1% | 13.4% | 61.5 | 0.1% | 0.0% | USDC | $22.08M $212.53M | 2.6 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Gauntlet USDC RWA Morpho | 5.7% | 5.5% | 10.0% | 33.6 | 0.2% | 0.0% | USDC | $10.87M $13.83M | 1.6 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDT Frontier Morpho | 3.4% | 3.9% | 5.9% | 16.5 | 0.2% | 0.0% | USDT | $9.23M $470.81M | 1.3 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Gauntlet USDG Premium Morpho | --- | --- | 0.0% | --- | 0.0% | 0.0% | USDG | $8.98M $8.98M | 0.003 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDC RWA Morpho | --- | --- | 0.3% | 26.1 | 0.2% | 0.0% | USDC | $7.13M $7.13M | 0.05 | 0.0%/ 0.0% | Instant | Negligible |  | ||
USDT Prime Vault Morpho | 3.5% | 3.4% | 0.9% | 24.3 | 0.1% | 0.0% | USDT | $6.65M $11.26M | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Gauntlet USDT Core Kiln | 2.9%* | 3.2%* | 4.0%* | 25.0 | 0.1% | -0.0% | USDT | $5.11M $40.77M | 1.1 | 0.0%/ 15.0% | Instant | Low |  | ||
Gauntlet USDC Frontier Morpho | 5.4% | 5.7% | 4.9% | 134.0 | 0.0% | 0.0% | USDC | $5.06M $13.56M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
USDC Prime Vault Morpho | 4.5% | --- | 0.9% | 38.6 | 0.1% | 0.0% | USDC | $5.04M $11.36M | 0.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Vault Bridge USDT Morpho | 3.2% | 3.0% | 4.1% | 7.1 | 0.4% | 0.0% | USDT | $3.29M $301.65M | 1.4 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Gauntlet USDT Prime Morpho | 3.4% | 3.4% | 12.4% | 8.1 | 0.4% | 0.0% | USDT | $3.00M $313.76M | 2.5 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Gauntlet USDC Morpho | 4.7% | 6.0% | 6.5% | 67.8 | 0.1% | -0.1% | USDC | $2.70M $5.94M | 1.0 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Gauntlet USDC Prime Kiln | 3.7%* | 3.4%* | 5.6%* | 17.6 | 0.2% | -0.0% | USDC | $2.59M $14.44M | 1.6 | 0.0%/ 15.0% | Instant | Low |  | ||
Gauntlet DAI Core Morpho | 5.4% | 5.1% | 17.9% | 26.4 | 0.2% | 0.0% | DAI | $2.55M $58.46M | 2.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDC Core Morpho | 3.9% | 3.9% | 11.2% | 83.9 | 0.0% | 0.0% | USDC | $1.80M $18.65M | 2.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDT Frontier Morpho | 4.1% | 4.3% | 3.0% | 43.1 | 0.1% | 0.0% | USDT | $1.46M $35.03M | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Gauntlet USDC Core Kiln | 3.3%* | 3.3%* | 7.6%* | 62.2 | 0.1% | 0.0% | USDC | $1.01M $16.06M | 1.6 | 0.0%/ 15.0% | Instant | Low |  | ||
Trust Wallet Morpho Gauntlet USDC Frontier Kiln | 0.0%* | 0.0%* | 3.9%* | --- | 0.0% | -0.1% | USDC | $973.50K $18.61M | 1.1 | 0.0%/ 15.0% | Capped | Low |  | ||
Gauntlet USDC Core Morpho | 2.9% | 4.3% | 4.9% | 7.0 | 0.6% | 0.0% | USDC | $763.90K $98.10M | 1.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDC Prime Morpho | 3.4% | 4.5% | 2.8% | 31.2 | 0.1% | 0.0% | USDC | $719.09K $37.33M | 1.0 | 0.0%/ 20.0% | Instant | Negligible |  | ||
TBD USDC Prime Morpho | 4.2% | --- | 0.4% | 82.8 | 0.0% | 0.0% | USDC | $716.56K $716.56K | 0.1 | 0.0%/ 5.0% | Instant | Negligible |  | ||
Trust Wallet Morpho Gauntlet USDT Prime Kiln | 2.8%* | 2.8%* | 4.9%* | 14.9 | 0.2% | -0.1% | USDT | $637.71K $4.95M | 1.6 | 0.0%/ 15.0% | Instant | Low |  | ||
Trust Wallet Morpho Gauntlet DAI Core Kiln | 4.5%* | 4.3%* | 3.8%* | 9.7 | 0.4% | -0.0% | DAI | $619.78K $669.35K | 1.0 | 0.0%/ 15.0% | Instant | Low |  | ||
Gauntlet USDC Prime Morpho | 3.2% | 3.7% | 2.3% | 49.0 | 0.1% | 0.0% | USDC | $572.74K $858.46K | 0.7 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Prime Morpho | 3.1% | 3.3% | 3.7% | 23.4 | 0.1% | 0.0% | USDC | $463.31K $23.36M | 1.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDT Prime Morpho | 3.5% | 3.4% | 2.5% | 14.4 | 0.2% | 0.0% | USDT | $303.45K $39.39M | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet pathUSD Prime Morpho | 0.2% | 0.1% | 0.0% | 7.2 | 0.0% | 0.0% | pathUSD | $277.90K $1.20M | 0.4 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Balanced Morpho | 3.2% | 4.6% | 2.8% | 36.5 | 0.1% | 0.0% | USDC | $263.14K $947.65K | 0.7 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Bitpanda Gauntlet USDC Core Kiln | 3.9%* | 3.9%* | 5.0%* | 17.3 | 0.2% | 0.0% | USDC | $228.79K $235.37K | 1.1 | 0.0%/ 0.0% | Instant | Low |  | ||
Gauntlet USDT Morpho | 4.3% | 2.8% | 1.4% | 4.1 | 0.7% | 0.0% | vbUSDT | $112.08K $293.56M | 1.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDC Prime Morpho | 0.2% | 0.1% | 0.0% | 4.8 | 0.0% | 0.0% | USDC | $95.29K $96.18K | 0.3 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Gauntlet USDC Morpho | 5.0% | 6.2% | 2.3% | 33.3 | 0.2% | 0.0% | USDC | $73.10K $578.99K | 0.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDC Frontier Morpho | 5.0% | 5.3% | 7.7% | 7.1 | 0.7% | 0.0% | USDC | $65.47K $27.21M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Gauntlet USDT Morpho | 3.9% | 2.4% | 0.6% | 7.0 | 0.3% | 0.0% | vbUSDT | $24.57K $3.22M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Bitpanda Gauntlet USDT Core Kiln | 3.4%* | 3.8%* | 4.8%* | 17.8 | 0.2% | 0.0% | USDT | $21.26K $25.19K | 1.1 | 0.0%/ 0.0% | Instant | Low |  |
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