Key Takeaways
Gauntlet USD Alpha (gtUSDa) now allocates to stablecoin opportunities on Pendle. Integrating Pendle PTs enables gtUSDa to harness fixed-rate yields and drive risk-adjusted user returns across market cycles.
We designed gtUSDa to capture the best risk-adjusted stablecoin yields in DeFi. The vault is cross-chain by default and can tap any yield source on any chain to deliver an institutional-grade strategy worthy of the name “Alpha.”
In just over two months, Gauntlet USD Alpha has become a premier stablecoin yield vault on Base, with $35M TVL and APYs consistently among the best on Base according to vaults.fyi (USDC vaults on Base above $25M TVL).
Capital allocators of all sizes can supply USDC on Base to the vault and get risk-optimized yields on Base and Ethereum Mainnet, plus Gauntlet and Morpho rewards. We work with Sablier to stream Gauntlet USDC Rewards to the vault, which are accrued on a recurring basis and auto-compounded. Round 2 of Gauntlet Rewards is live!
The full opportunity set of vaults and tokens Gauntlet USD Alpha allocates to is available in VaultBook. Stay up to date with topline gtUSDa metrics and vault allocations on the Gauntlet App.
Composability: Gauntlet USD Alpha is now transferable
Composability is core to the DeFi ethos. Staying true to our roots, gtUSDa is now transferable and can be integrated across DeFi protocols.
We’ll launch our first composability use case with Pendle in the coming weeks. When entering the Gauntlet USD Alpha vault, suppliers receive a token representing their share of the vault. Once the integration goes live, tokenholders can wrap their gtUSDa tokens in Pendle’s SY contract, enabling them to create PTs (principal tokens) or YTs (yield tokens). Using Pendle, Gauntlet USD Alpha holders will get more control of their yield as we continue delivering alpha.
Learn more about Pendle and SY, PTs, and YTs here.
This is just the start. We’re open to discussing additional integrations as Gauntlet USD Alpha grows. Get in touch with us.
Backtest: historical performance with Pendle markets
A backtest is crucial for institutional allocators to understand how a strategy has performed over time and during different market conditions. We’ve updated our Gauntlet USD Alpha backtest to include Pendle stablecoin markets.
Institutional capital allocators can contact us to learn more about this backtest and how to integrate Gauntlet USD Alpha into your protocol, app, or portfolio strategy.
Aera: institutional-grade vault architecture for DeFi
Gauntlet USD Alpha is built on Aera, a decentralized blockchain protocol incubated by Gauntlet that autonomously manages digital assets in a non-custodial fashion. Aera’s vault infrastructure allows our models and allocations to look beyond one protocol or chain to find the optimal yield sources across DeFi.
The Gauntlet Alpha strategy is built by seasoned quantitative engineers and backed by battle-tested models, research, and real-time monitoring. The approach goes beyond simple yield chasing; it seeks to optimize for available yields within the opportunity set while considering:
- TVL impact: How our allocation size affects the underlying strategy performance
- Market conditions: Dynamic adjustment based on anticipated market shifts
- Liquidity constraints: Position sizing tied to real-time DEX and vault liquidity
Central to our curation approach across all our vaults is ensuring each vault meets our robust risk guidelines, is attractive to the DeFi community, and remains resilient enough to handle inherent crypto market volatility. Our approach to risk on Gauntlet USD Alpha is no different.
Stay connected with us for alpha and more
- Visit our website to learn more and read our FAQs
- Follow Office Hours, our Telegram Alpha support channel
- See stats for all of our vaults in the Gauntlet App
- Learn more about this and other strategies from VaultBook
- Follow us on social: @gauntlet_xyz on X, @gauntlet on Farcaster, and Gauntlet on LinkedIn
- Oh, and keep up with the intern
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