Nicholas Cannon

March 13, 2024


Key Takeaways

Today, we are thrilled to expand our partnership with Morpho and announce the launch of three MetaMorpho vaults: the Gauntlet WETH Prime Vault, the Gauntlet USDC Prime Vault, and the Gauntlet MKR Blended Vault

A Composable Approach to DeFi Lending

Morpho has set a new standard in DeFi lending. Morpho Blue’s elegant and efficient architecture allows users to seamlessly launch permissionless MetaMorpho vaults and externalize the risk management specifications, simplifying their DeFi yield strategies. By creating an open marketplace for specifying liquidation LTVs, oracles, collateral selection, caps, and more, MetaMorpho vaults can be curated by experts, like Gauntlet, that use dynamic strategies to maximize capital efficiency for users.

As a MetaMorpho vault curator, we will employ battle-tested yield optimization strategies based on sound risk management practices and industry leading technical expertise to launch custom lending markets at scale. Fees on the first three Gauntlet vaults will be set at 0% for the first six months following launch. 

Gauntlet Vault Details

Gauntlet WETH Prime Vault

  • Symbol: gtWETH
  • Objective: The Gauntlet WETH Prime vault aims to optimize for risk-adjusted yield across liquid staking recursive yield markets.

Gauntlet USDC Prime

  • Symbol: gtUSDC
  • Objective: The Gauntlet USDC Prime vault aims to optimize for risk-adjusted yield across large market cap and high liquidity collateral markets.

Gauntlet MKR Blended Vault

  • Symbol: gtUSDCmkr
  • Objective: The Gauntlet MKR Blended vault aims to optimize for risk-adjusted yield across MKR collateral markets.

Gauntlet’s MetaMorpho Vault Philosophy: Listen to the Market

The evolution of risk management in DeFi lending markets was inevitable with increased DAO sophistication, the emergence of dynamic communities across the ecosystem and market complexities. This progression sparked a wealth of new ideas, yet it generated some unnecessary obstacles.

Morpho has effectively targeted some of the drawbacks with its composable approach to DeFi lending markets, allowing for the efficient infusion of risk management-based optimization strategies into MetaMorpho vaults. This increased speed to launch means more value is generated for both sides of the market. MetaMorpho’s architecture allows Gauntlet to listen to the market and rapidly launch in-demand lending vaults for users while maintaining healthy risk management profiles.

We are dedicated to curating vaults on Morpho and harnessing our expertise to drive rapid and sustainable protocol growth. If you have a vault strategy in mind, tell us about it here. 

Disclaimer - Please Read All of This

Gauntlet’s (also “we” and “us”) provision of vault services is not investment, tax, legal, or technological advice. None of Gauntlet’s vaults are depository or custodial products, and none of your digital assets are guaranteed by Gauntlet or any other person. We are not a fiduciary for any vault user, nor will we act as a broker, custodian, investment adviser, or asset manager through our provision of the vault services. Vault users will always deploy their assets to listed vault markets at their own risk, with full understanding that (i) their digital assets may lose some or all of their market value; (ii) their digital asset positions may be liquidated partially or entirely as a result of parameters that they cannot control or change; and that (iii) their only recourse to prevent such risks after deploying to a vault is to fully withdraw during the applicable time lock period, which may be as few as twenty-four (24) hours’ prior notice.

Performance fees paid to Gauntlet cannot be reclaimed after the vault pays them. Gauntlet’s only contractual obligations arising under this protocol are those that we have to Morpho. We have no contractual obligation to you, any vault user, or any other third-party arising from providing vault services.

Be advised that our interests as a separate entity may at times conflict with our interests as a vault service provider. In such cases, we will not be required to give priority to anyone else’s best interests. Be further advised that your only rights and remedies as a vault user will be those included in Morpho’s Terms of Use.

While we exert our best efforts to select vault markets that we think will optimize vault performance; we do not guarantee the accuracy or reliability of our modeling and analysis, and in no event does our modeling and analysis reliably predict or guarantee expected performance or yield. It further does not provide assurance against risk of loss. Make your own risk-reward decisions based on your own sophisticated market perspectives. Finally, remember that you bear full responsibility for lawful possession, custody, and security of your digital assets when you transact with our vaults. In short, we set parameters and open vault markets. The rest is up to you.


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