Frequently Asked Questions
What is the current APY for Gauntlet USDC Vault?
The current spot APY for Gauntlet USDC Vault on Morpho (Katana) is 0.79%. The 30-day average APY is 3.16%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Gauntlet USDC Vault?
The total value locked (TVL) in Gauntlet USDC Vault is $4.2M. TVL measures the total USDC assets currently deposited in this vault.
Does the Gauntlet USDC Vault yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Who curates Gauntlet USDC Vault?
Gauntlet USDC Vault is curated by Gauntlet. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by Gauntlet on the Gauntlet curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Coinshift Conservative USPC | Lagoon | Ethereum | 23.83% | $192.8K |
| Bitcoin Dollar USDC | IPOR Fusion | Ethereum | 18.81% | $310.9K |
| USDC Yield | Morpho | Arbitrum | 18.76% | $104.3K |
| 9Summits Flagship USDC | Lagoon | Ethereum | 16.68% | $4.1M |
| Syntropia Boosted | Lagoon | Ethereum | 16.05% | $345.2K |
| Arcadia V2 Pool | Arcadia | Base | 15.15% | $324.3K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| USDC Vault | Morpho | Mainnet | 14.09% | $38.1K |
| Arcadia Autocompounder | Harvest | Base | 12.40% | $131.7K |
| USDC Vault | 40 Acres | Base | 12.09% | $8.3M |
More Morpho Strategies
Gauntlet USDC Vault
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Yield Overview
Gauntlet USDC Vault is a USDC yield strategy on Morpho, curated by Gauntlet. It currently generates 0.79% APY (24h) with a 30-day average of 3.16%. The vault holds $4.2M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Katana
Market Benchmarking
Within the USDC ecosystem, this product ranks #130 out of 153 strategies. Its 0.79% yield is 83.9% lower than the market average of 4.91%.
How Gauntlet USDC Vault Compares
Gauntlet USDC Vault currently ranks #130 among 153 monitored USDC strategies. However, with a TVL of $4.2M, it holds significantly less capital than higher-TVL alternatives like USDC Vault #1 ($6.8M).
Ecosystem Context
Positioned within the Katana ecosystem, this product's yield is 65.4% lower than the network average for USDC strategies. This strategy is curated by Gauntlet, with 14 Gauntlet strategies tracked on Earnbase across 5 networks. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #1 of 2 USDC strategies on Katana.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 61 strategies on Morpho.
USDC on Katana#2 of 2
Yield Sustainability
An extreme 75.0% deviation from the historical average suggests the current yield level is unlikely to persist. This pattern is often driven by temporary incentive programs, one-off events, or rapid capital reallocation.
Yield Trajectory
Gauntlet USDC Vault recorded a 24h APY of 0.79% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have increased by 1.7%. The strongest 7-day period was Apr 19–Apr 25 averaging 4.16%, while the weakest was Apr 12–Apr 18 at 1.10%. Current 24h APY of 0.79% is 74.3% below the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 3.51% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 56 days, Gauntlet USDC Vault's yield has shown a upward trend, with yields expanding from 0.77% to 3.75%, a 383.9% increase. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 56 days, Gauntlet USDC Vault's total value locked has experienced a contraction, declining from $9.5M to $3.8M, a 59.5% reduction.
History
FAQ
Yield & Performance
Gauntlet USDC Vault on Morpho offers a 24-hour APY of 0.79%, a 30-day average of 3.16% on USDC. Yields are variable and update daily based on protocol activity.
Gauntlet USDC Vault ranks #130 out of 153 monitored USDC strategies. Its current yield of 0.79% is 83.9% below the market average of 4.91%.
Earnbase rates the yield sustainability of Gauntlet USDC Vault at 10/100, classified as "Very Low Stability". An extreme 75.0% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 56 days, Gauntlet USDC Vault has shown an upward yield trajectory. The average APY moved from 0.77% to 3.75%.
Gauntlet USDC Vault has a yield volatility rating of "Moderate" (standard deviation: 1.60pp over 56 days). The APY has ranged from 0.55% to 6.19% in the tracked period, with an average of 2.03%.
Liquidity & TVL
Gauntlet USDC Vault currently has a total value locked (TVL) of $4.2M in USDC deposits.
Gauntlet USDC Vault holds $4.2M in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $4.2M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Gauntlet USDC Vault ranks #1 of 2 USDC strategies on Katana. It currently holds $4.2M.
Gauntlet USDC Vault's TVL is currently declining. Over the past 56 days, TVL moved from $9.5M to $3.8M, a -59.5% change. The 30-day high was $13.5M and the 30-day low was $2.6M.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, Gauntlet USDC Vault had 10 days of inflows and 19 days of outflows. The largest single-day inflow was +$1.8M (Apr 29, 2026) and the largest outflow was -$3.3M (Apr 23, 2026). Net 30-day TVL change: -51.4%.
Strategy & Access
Gauntlet USDC Vault operates on the Katana network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Gauntlet.
To deposit into Gauntlet USDC Vault, you need USDC tokens on the Katana network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Gauntlet USDC Vault ranks among 2 monitored USDC strategies on Katana. Its yield of 0.79% is 65.4% below the Katana average of 2.28%.
Gauntlet USDC Vault is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that Gauntlet USDC Vault operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Katana network.
For illustrative purposes only. Based on the current 0.79% on-chain APY for USDC. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Morpho before depositing.
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