Gauntlet USD Alpha
The best risk-adjusted USDC yield across DeFi
There are over 200 stablecoin vaults across more than 10 networks and dozens of protocols available to the $200B+ in stablecoin supply onchain. Allocators face immobilizing hurdles to optimizing for the best yield. Until now.
Gauntlet USD Alpha automatically rebalances into a mix of battle-tested and novel opportunities alike to drive growth and preserve capital.
Institutional-grade, real yield. Optimized across chains. Built on Base. Now available to everyone in DeFi.
Institutional-grade is a term thrown around these days. Few in the space have the expertise across protocols, networks, and security posture. Even fewer have a track record of high performance over the long-term. We aspire to deliver a strategy worthy of the name Alpha.
All from the most vigilant, quantitative minds in crypto.
Opportunity Set
Our main goal: maximize risk-adjusted, real yield on USDC.
Annualized APY based on backtest
Weighted average of APY across all stablecoin yield vaults
[source: vaults.fyi]
Vault strategies across several stablecoin supply assets in the opportunity set
Who We Work With
Real stablecoin yield. Wide applicability onchain.
USD-based yield higher than most cryptonative and traditional market opportunities.
Can be integrated into a variety of portfolios for a range of needs.
Aera Protocol enables custom yield strategies across many sources.
Seamless access to best-in-class, real yield on stablecoins.
Gauntlet USD Alpha can be offered as a value-add service by custodians.
Powered by DeFi, not CeFi - scalable for institutional capital at-scale and retail programs alike.
RWA issuers and platforms can generate yield by combining Gauntlet USD Alpha with other strategies like Gauntlet Levered RWA.
Protocols and networks can bootstrap growth by offering native yield.
Gauntlet USD Alpha
Learn more about this strategy directly from the quants building it.
Levered RWA Strategy
Frequently Asked Questions
Gauntlet USD Alpha presents several risks. We manage and mitigate these risks to preserve capital and drive growth:
Liquidity: large moves in/out of the strategy that may move rates or incur slippage on swaps and bridging. Positions and collateral caps are tied to real-time DEX and vault liquidity. Our risk management team monitors real-time data to optimize for yield but also to protect from long-tail risks as market conditions change. Underlying token turnover is constrained by spot DEX liquidity (e.g. swaps for rebalancing must go through and not incur abnormally high costs/slippage).
Stablecoin risk: risk-on stablecoins have a higher chance of a depeg. To mitigate this, we have a parameter set (40%) on the mix of risk-on vs. blue chip stables.
Smart contract risk: smart contract or oracle failures in Morpho or vault adapters. The universe of vaults we supply into follow strict risk management standards that we regularly update. We also monitor health in real time.
Yes. Real, sustainable stablecoin yield is for the trenches, too. Visit The Gauntlet App (https://app.gauntlet.xyz/) to learn more about this strategy and access all vaults curated by Gauntlet.
We considered the most competitive stablecoin yield opportunities on vaults.fyi, weighted by TVL. Over the past year, these yields have ranged from 5-15%. As of June 2025, these yields had a weighted average of 4.5%. To learn more about the backtest, contact us using the form above.
Rewards are regularly claimed by the vault address. These rewards are automatically converted to USDC and reinvested back into the strategy via Sablier.
Deposits are non-custodial. To deposit, visit The Gauntlet App, select Base as your network, and deposit USDC from your wallet.
Often transactions complete quickly. This may vary depending on vault activity. Withdrawal requests may occasionally take up to 12 hours to be processed, after which they become available in your wallet. The maximum withdrawal amount is based on the vault share value, though final amounts may differ slightly.
Yes, Gauntlet USD Alpha rebalances across an opportunity set that includes bluechip stablecoin yield vaults and novel opportunities. Steakhouse is a respected vault curator. We believe Alpha means delivering yield no matter what and putting meat on the table for depositors. No beef.
Over time, we expect to add more curators as market conditions and yield opportunities evolve.
Gauntlet USD Alpha deposits into the vaults denominated in the following assets: USDC, USDT, DAI/USDS, eUSD, AUSD, USDA, PYUSD, USDR, USDQ, USDL, USDM. You can find a complete list of vaults by visiting Vault Book (https://vaultbook.gauntlet.xyz/).
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