Key Takeaways
“Privy expands onchain yield to a new universe of financial applications with Gauntlet. Idle capital embedded in a smart wallet can now be productive, helping apps retain users and compound value over time. Gauntlet's experience managing DeFi risk since 2018, with $1.8 billion+ in capital across 150+ fintech and institutional integrations, means Privy's customers get the benefits of onchain yield without the operational complexity." — Matt Dobel, Vice President of Revenue, Gauntlet
Today, every builder using Privy’s wallet infrastructure has the opportunity to level up their customer experience. Users can earn on their onchain idle balances when applications using Privy integrate yield strategies built by Gauntlet on Morpho and Kamino directly through the Privy API.
The Rise of Smart Wallets: Powering Fintech Experiences
One of the trends we’re most excited by is the rapidly expanding range of financial services products offering onchain solutions across stablecoins and cryptoassets. These products embed smart wallets directly into the existing user experience, abstracting the complexities of DeFi. One of the teams leading this effort is Privy. Builders choose the smart wallet architecture that helps them best deliver incredible onchain experience for mainstream audiences. You can read more about our integration partners here.
Gauntlet: Where the Yield Comes From
Privy powers onchain experiences for the most prolific financial services applications in fintech and beyond. Trading platforms, agentic services, exchanges, neobanks, and other financial institutions have customers that hold idle balances in their integrated smart wallets.
When these assets earn, they are lent out to borrowers on premier lending protocols such as Morpho and Kamino through vaults. These vaults are customized by risk profile, supply asset, chain, and more. Allocations and risk are managed by Gauntlet to balance capital preservation, security, and sustainable growth. When your users need their funds, they simply withdraw their liquidity. In addition, users can see their balances and vault positions.
All through the permissionless, decentralized infrastructure that makes DeFi so powerful for end users.
Retain Users, Drive Revenue: Trust and Security all the Way Down
Privy enables applications to configure revenue sharing. As vault returns accrue, a configurable portion can be captured as vault shares in a designated wallet, enabling apps to collect fees generated through their platform.
Gauntlet is a public-facing, US-based partner. We have the security, compliance, and performance track record to back up our strategies. Many say institutional-grade, but few can back it up. Pick from our Morpho or Kamino vaults.
To learn more, explore Privy’s documentation and contact reach out to [email protected].
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