Overview

Allocation

Performance

Returns

Risk

Risk Disclosures

Gauntlet Curated Vaults are designed to optimize for risk-adjusted yield, programmatically allocating against liquid collateral that has cleared our due diligence, inside supply caps set by our risk models. Changes that raise exposure run through the vault's timelock, so you have notice before they take effect. Changes that cut exposure take effect at once. Yield tracks what borrowers pay for the liquidity, so it moves with demand and can fall to zero.

None of this removes risk. You may lose some or all of the assets you supply. In a severe move, collateral prices can fall faster than liquidators clear the positions behind them, and the shortfall lands in the vault as bad debt. Smart contracts can carry faults. Oracles can fail or be manipulated. When utilization runs high, withdrawal waits until borrowers repay or new liquidity arrives.

Our curation methodology and risk factor overview sets out how we assess each of these risks and what we do about them. Our VaultBook product pages document the vaults we curate. Each user confirms they have read and understood the Gauntlet Vault Disclaimer.

Gauntlet vaults are curated by Gauntlet Networks, Inc.

Ratings

Risk Curation

Activity

User Distribution

All Transactions

Market Exposure	Vault Allocation (USDe)	Liquidity (USDe)	Underlying Liquidity (USDe)	Supply Cap	APY	Utilization
USDebacked byUBTC 86% LLTV	6567.06	5271.65	5271.65	$999.66k	6.47%	68.40%
USDebacked byhbUSDT 86% LLTV	2426.96	500	500	$0	1.39%	79.40%
USDebacked byUETH 86% LLTV	2314.3	0	0	$999.66k	19.97%	100.00%
USDebacked bysUSDe 91.5% LLTV	70.03	0	0	$0	16.43%	100.00%
USDeIdle Liquidity	0	0	-	-	-	-

Date	Amount	Market
2026-08-26 19:44:29	+451.68 USDe+$451.53	USDeIdle Liquidity
2026-08-26 19:44:29	-14.181 USDe-$14.17	USDebacked bysUSDe 91.5% LLTV
2026-08-26 19:44:29	-187.012 USDe-$186.95	USDebacked byhbUSDT 86% LLTV
2026-08-26 19:44:29	-250.486 USDe-$250.40	USDebacked byUETH 86% LLTV
2026-06-19 21:34:12	+169.242 USDe+$169.18	USDebacked byUBTC 86% LLTV

User	Deposit	% of Deposits
	2,877.43 USDe$2876.52	25.28%
	2,302.5 USDe$2301.78	20.23%
	1,503.89 USDe$1503.42	13.21%
	1,068.05 USDe$1067.71	9.38%
	900.87 USDe$900.58	7.91%

Date	Type	Amount
2026-09-20 02:28:25	Vault Withdraw	0.616 USDe$0.61
2026-09-16 12:58:21	Vault Withdraw	2.174 USDe$2.17
2026-09-16 06:11:33	Vault Withdraw	1.998 USDe$1.99
2026-09-14 23:45:42	Vault Withdraw	0.001 USDe$< 0.01
2026-09-12 19:50:19	Vault Withdraw	1.098 USDe$1.09
2026-09-12 07:53:02	Vault Withdraw	1,609.57 USDe$1609.03
2026-09-11 10:50:17	Vault Withdraw	2,199.93 USDe$2199.19
2026-09-09 16:06:53	Vault Withdraw	1,585.55 USDe$1585.02
2026-09-08 08:25:51	Vault Withdraw	37.269 USDe$37.25
2026-09-01 19:10:10	Vault Withdraw	537.099 USDe$536.92

User	Deposit	% of Deposits
	2,877.43 USDe$2876.52	25.28%
	2,302.5 USDe$2301.78	20.23%
	1,503.89 USDe$1503.42	13.21%
	1,068.05 USDe$1067.71	9.38%
	900.87 USDe$900.58	7.91%

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

GauntletUSDe Core

Overview

Allocation

Performance

Risk

Activity

GauntletUSDe Core