Benchmark/Katana/Gauntlet USDT
Vault tear-sheet

Gauntlet USDT

Morpho · Katana · Curated by Gauntlet · vbUSDT
3 passed · 1 failed · 1 not checked
Checks at $25,000, an example size

Key metrics

APY now
0.0%6-hour average
0.00pp vs its 30-day mean to 7 Nov
Performance fee
10%
management 0%
TVL
$108K
as of 7 Nov 14:04 UTC
daily: +0.01% vs 6 Nov, at 00:00 UTC
Dollars free to leave
$107.6Kmeasured
100% of TVL, read 14:05 UTC
$46K on its worst day in 20 of the last 90

Read November 7, 2026, 14:04 UTC from Morpho; rate: Morpho API, six-hour average net APY without rewards. APY now is Morpho's six-hour average, after fees and without reward tokens; Morpho publishes no averaged gross rate, so no gross figure is set beside it. Performance fee: read on chain at block 47266789 (1e18 = 100% of interest (Morpho V1)); the Morpho API in the benchmark of 7 Nov 2026 reads 10.0%.

Checks

Your size$25,000Example size
TVL against its 14-day high
Today's TVL against the highest daily TVL of the last 14 days measured
Fails above a 93.7% drop. Its own 99th percentile, 365 days.
TVL off 1.5% from 14-day highdaily TVL to 7 Nov 00:00 UTC
Pass
Rate spike while TVL falls
Today's APY against its own range; a fail needs the TVL check to fail too measured
A spike is above 8.91%. Its own 99th percentile, 90 days.
Rate 0.00%, under its 8.91% 99th percentiledaily APY to 7 Nov 00:00 UTC
Pass
Your size against the vault
Your size at most 1% of the vault's TVL stated default
A fixed bound, 1% of the vault, since the size effect is not priced here.
$25K is 23.21% of this vaultTVL as of 7 Nov 14:04 UTCLive 16 months
Failat $25,000
Exit at your size
Your size against the dollars free to leave now, and on its worst day in 20 of the last 90 where 75 days count. Passes only when each covers your size. measured
$25K against $107.6K free to leave now$46K on its worst day in 20 of the last 90Now: 7 Nov 14:05 UTC
Passat $25,000
Collateral class
The class of every collateral the vault holds, looked through
Collateral not classed
Not checked

Checked November 7, 2026, 14:33 UTC, on the data read November 7, 2026, 14:04 UTC. A check with a missing or stale input is not checked, never passed; what does not apply is left out of the count.

How these are checked

TVL against its 14-day high. Today's TVL against the highest daily TVL of the 14 days ending today (12 of 14 read). Fails when the drop is above its own 99th percentile of daily drops over the past year (90 read at least) or above a floor set from every vault in this benchmark, whichever is higher; with less history, above 20%, a stated default.

Rate spike while TVL falls. Today's daily APY against its own 99th percentile of the 90 days before today (75 read); with less history, its 30-day mean plus 2 standard deviations (25 of 30 read), a stated default. Fails only when that spike comes with a fail on TVL against its 14-day high.

Your size against the vault. The size you set ($25K as an example) at most 1% of the vault's TVL: a fixed bound, because the size effect is not priced on this page. The vault's age is printed beside it.

Exit at your size. The size you set against the dollars free to leave the vault now and, where 75 of the last 90 days count, its worst day in 20 of them; it passes only when each covers your size. A day counts when its figure was read and the vault held at least your size; with fewer, today's read decides alone, tagged one read. A forced exit pulls money from the vault's other markets at the penalty the vault sets, if any, and never counts as a pass. Not checked where that figure is not read.

Collateral class. The class of every collateral the vault holds, looked through. Not checked where its collateral is not classed; a vault that holds only its deposit asset does not apply.

A measured threshold comes from this vault's own daily series. A stated default is a bound Priime sets until that series is long enough, or where nothing is priced.

Performance

APY, 30 days0.00%
daily, last point 7 Nov 00:00 UTC
TVL, 30 days$108K
daily, last point 7 Nov 00:00 UTC

One point per UTC day, the last reading of the day, as the source serves it: daily APY realized by the share price, without rewards where the source separates them, and TVL in dollars. Nothing is capped or smoothed. A day the source does not serve, or a reading beyond 200% that is a feed error, is left out and breaks the line.

Who can change it

Dependencies
at least 13
Assets
1
Oracles
Not read
Control accounts
at least 9

Each account or contract this vault names, up to three steps out. Open a row to see the read that found it and what that address names in turn.

Control

OwnerMultisig, 4 of 70x5d8c…f69f

0x5d8c96b76a342c640d9605187dab780f8365f69f0x5d8c96b7…8365f69f ▸

Named by the vault as its owner, at block 47,318,970.

SignerWallet, no contract code0x1d8e…d9d9

0x1d8e0b8f4ced9262c9ac0c0870bf8b45d74ad9d90x1d8e0b8f…d74ad9d9 ▸

Named by the multisig above as its signer, at block 47,318,970.

SignerWallet, no contract code0x1f6d…d2b6

0x1f6da8198fe51236e279009b325f107ddce4d2b60x1f6da819…dce4d2b6 ▸

Named by the multisig above as its signer, at block 47,318,970.

SignerWallet, no contract code0x5952…64c7

0x59520256bfd073d131da8c8f58c4eef979bc64c70x59520256…79bc64c7 ▸

Named by the multisig above as its signer, at block 47,318,970.

SignerWallet, no contract code0x61e5…cd0a

0x61e532dd50eea5cd3f7148753a399df71e70cd0a0x61e532dd…1e70cd0a ▸

Named by the multisig above as its signer, at block 47,318,970.

SignerWallet, no contract code0x6c80…b843

0x6c8038257c618fd7d25269fc97c04de8a5b2b8430x6c803825…a5b2b843 ▸

Named by the multisig above as its signer, at block 47,318,970.

SignerWallet, no contract code0xa3a8…a01d

0xa3a845fcde05ea884ea033b150300f0f8bdfa01d0xa3a845fc…8bdfa01d ▸

Named by the multisig above as its signer, at block 47,318,970.

SignerWallet, no contract code0xd064…ff2e

0xd0644e17c6ad2b34932cb6d8dc6026000da5ff2e0xd0644e17…0da5ff2e ▸

Named by the multisig above as its signer, at block 47,318,970.

GuardianMultisig, 3 of 70xd381…b251

0xd3811e075104c72ef8209fd213ce187b4318b2510xd3811e07…4318b251 ▸

Named by the vault as its guardian, at block 47,318,970.

Signers7 signers, the same as the owner's

Assets and markets

Deposit assetvbUSDT0x2dca…d2f2

0x2dca96907fde857dd3d816880a0df407eeb2d2f20x2dca9690…eeb2d2f2 ▸

Named by the vault as its deposit asset, at block 47,318,970.

Upgrade adminContract0xf54e…9407

0xf54e837b578def7b1564ea2b9ea07ce94dd194070xf54e837b…4dd19407 ▸

Named by vbUSDT as its upgrade admin, at block 47,318,970.

OwnerMultisig, 3 of 50xd067…98cc

0xd0673f989bc3ba9314d0aaf28bfc84e99b7898cc0xd0673f98…9b7898cc ▸

Named by the contract above as its owner, at block 47,318,970.

Runs the code ofContract0x58bb…f2f1

0x58bb667d48152c1931cc1a2bf84ba6a68b07f2f10x58bb667d…8b07f2f1 ▸

Named by vbUSDT as the code it runs, at block 47,318,970.

Priime reads this Morpho vault as it reads any vault; its curator, allocators and markets are not read.

Read on Katana at block 47,318,970, 7 Nov 2026, 14:29 UTC. Contracts the vault calls only inside its transactions are not listed, and a role holder shows only where the contract lists its holders.

Returns

0.0%
30d return
0.5%
90d return
1.2%
1y return
-35.2
Sharpe
0.1%
Volatility
1.1%
CAGR
0.0%
Max drawdown
1.4y
Age
How returns are computed

Computed by Priime from the vault's daily share price since June 28, 2025. A return is shown only when the history covers its whole window; CAGR only past a year. Sharpe is the excess return over the 3-month US Treasury bill, for dollar vaults only, and shows as >50 where volatility is near zero. Net APY on this vault is Morpho's six-hour average, after fees and without reward tokens; Morpho publishes no averaged gross rate, so no gross figure is set beside it.

Details

Vault address0x1ecdc3f2b5e90bfb55ff45a7476ff98a8957388e
ChainKatana · id 747474
ProtocolMorpho
CuratorGauntlet
DenominationvbUSDT
Share tokengtUSDT
InceptionJune 24, 2025
History fromJune 28, 2025
Rank by TVL534 overall, 15 on Katana, 59 for Gauntlet

Ranks are by TVL within this benchmark as of November 7, 2026, 14:04 UTC.