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Gauntlet USDC Core

0x8eb67a509616cd6a7c1b3c8c21d48ff57df3d458View on depeg monitor →

etherc4626 vault42.4 (medium)Needs attentionStale (53d)

Last scored: 4/16/2026, 9:25:18 AM⚠ May be stale

Low risk42.4/100High risk

Top 3 risk drivers

  1. Centralization40 pts(+4.80 to score)
  2. Depeg95 pts(+4.75 to score)
  3. Strategy50 pts(+2.50 to score)

Share price: $0.8163(below peg — drives Depeg flag)

Score history (30d, 63 snapshots)+12 pts since 2026-04-02
1628050100

Alert History

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⚠ List with caution

Moderate risk — recommend disclosing risk tier to users.

Withdrawal risk: Some liquidity pressure

87% utilization — withdrawals may be slow or partially queued.

TVL trend

TVL down 8480% in 30 days— outflow risk

What's in this vault

Deposits

USDC

LST / LRT collateral— 5.2% of TVL

weETH

LST/LRT collateral carries redemption lag — under correlated sell pressure, exit queues can stretch hours to days.

What this vault is exposed to

You deposit USDC. Here's what backs your position.

stcUSD
25.0%
$2.7M92% LTV
AA_FalconXUSDC
24.5%
$2.6M77% LTV
LBTC
20.1%
$2.1M86% LTV
siUSD
19.5%
$2.1M92% LTV
weETH
5.2%
$553K86% LTV
tBTC
4.9%
$527K77% LTV
sUSDe
0.6%
$68K92% LTV
syrupUSDC
0.1%
$15K92% LTV
?
0.0%
$0
cbBTC
0.0%
$45186% LTV
WBTC
0.0%
$15086% LTV
PT-srUSDe-2APR2026
0.0%
$13492% LTV

Source: Morpho markets

Rating breakdown

Sub-scores sorted by contribution. Each bar is relative to the top contributor.

TVL outflow100
Depeg95
momentum87.6
liquidation_proximity85
Volatility80
Sharpe78.4
Strategy50
Centralization40
oracle20
looping18.5
utilization15
Asset5
fee_drain5
Drawdown1.5
Protocol risk1
Return loss1

Score 43 (MEDIUM). Primary drivers: centralized governance, active depeg signal, complex strategy.

Risk flags

DepegEOA ownerHigh utilisationliquidation_proximity_riskLST redemption lagmetamorpho_fork_donation_riskDeclining momentumNegative returnshared_curator_riskshared_market_risk

Recursive lending & looping

Loop exposure

24.6%

Looping TVL

$2.6M

Morpho looping markets

syrupUSDC → USDC
LLTV 92%$15K↗ Morpho
AA_FalconXUSDC → USDC
LLTV 77%$2.6M↗ Morpho

Trading Strategy technical risk

From Trading Strategy's Vault Technical Risk Framework

Negligible

Funding regime

Perp funding rate data (healthy vs compressed/inverted) will indicate when vault yield is from stable vs stressed conditions. Coming soon.