Gauntlet USD Alpha Vault (gtUSDa)

Premier vault for cross-chain stablecoin yield

There are over 200 stablecoin vaults across more than 10 networks and dozens of protocols available to the $200B+ in stablecoin supply onchain. Allocators face immobilizing hurdles to optimizing for the best yield. Until now.

Gauntlet USD Alpha automatically rebalances into a mix of battle-tested and novel opportunities alike to drive growth and preserve capital.

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Institutional-grade, real yield. Optimized across chains.

Built on Base. Now available to everyone in DeFi.

Institutional-grade is a term thrown around these days. Few in the space have the expertise across protocols, networks, and security posture. Even fewer have a track record of high performance over the long-term. We aspire to deliver a strategy worthy of the name Alpha.

All from the most vigilant, quantitative minds in crypto.

Opportunity Set

Gauntlet USD Alpha automatically rebalances into the optimal opportunity set at a given time across chains.

Our main goal: maximize risk-adjusted, real yield on USDC.

11.0% Annualized APY based on backtest
7.7% Weighted average of APY across all stablecoin yield vaults
10+ Vault strategies across several stablecoin supply assets in the opportunity set

Who We Work With

Real stablecoin yield. Wide applicability onchain.

Capital Allocators

USD-based yield higher than most cryptonative and traditional market opportunities.
Can be integrated into a variety of portfolios for a range of needs.
Aera Protocol enables custom yield strategies across many sources.

Wallets, exchanges, & qualified custodians

Seamless access to best-in-class, real yield on stablecoins.
Gauntlet USD Alpha can be offered as a value-add service by custodians.
Powered by DeFi, not CeFi - scalable for institutional capital at-scale and retail programs alike.

DeFi Protocols

RWA issuers and platforms can generate yield by combining Gauntlet USD Alpha with other strategies like Gauntlet Levered RWA.
Protocols and networks can bootstrap growth by offering native yield.

Gauntlet USD Alpha

Learn more about this strategy directly from the quants building it.

Speak with our team

Frequently Asked Questions

What is the risk management framework for this strategy?

Gauntlet USD Alpha presents several risks. We manage and mitigate these risks to preserve capital and drive growth:

Liquidity: large moves in/out of the strategy that may move rates or incur slippage on swaps and bridging. Positions and collateral caps are tied to real-time DEX and vault liquidity. Our risk management team monitors real-time data to optimize for yield but also to protect from long-tail risks as market conditions change. Underlying token turnover is constrained by spot DEX liquidity.
Stablecoin risk: risk-on stablecoins have a higher chance of a depeg. To mitigate this, we have a parameter set (40%) on the mix of risk-on vs. blue chip stables.
Smart contract risk: smart contract or oracle failures in Morpho or vault adapters. The universe of vaults we supply into follow strict risk management standards that we regularly update.

I’m an individual DeFi user. Can I deposit into this strategy?

Yes. Real, sustainable stablecoin yield is for the trenches, too. Visit The Gauntlet App to learn more about this strategy and access all vaults curated by Gauntlet.

Say more about the backtest.

We considered the most competitive stablecoin yield opportunities on vaults.fyi, weighted by TVL. Over the past year, these yields have ranged from 5-15%. As of June 2025, these yields had a weighted average of 4.5%.

How are rewards reinvested back into the strategy?

Rewards are regularly claimed by the vault address. These rewards are automatically converted to USDC and reinvested back into the strategy via Sablier.

How do deposits and withdrawals work?

Deposits are non-custodial. To deposit, visit The Gauntlet App, select Base as your network, and deposit USDC from your wallet.Often transactions complete quickly. Withdrawal requests may occasionally take up to 12 hours to be processed, after which they become available in your wallet.

Where can I see the full opportunity set for this strategy?

Gauntlet USD Alpha deposits into the vaults denominated in the following assets: USDC, USDT, DAI/USDS, eUSD, AUSD, USDA, PYUSD, USDR, USDQ, USDL, USDM. You can find a complete list of vaults by visiting Vault Book.