Morpho Gauntlet USDC Frontier DeFi Yield & Risk Rating
Morpho Gauntlet USDC Frontier is a lending vault on Ethereum curated by Gauntlet. It allocates USDC deposits across Morpho Blue lending markets targeting higher-risk collateral for maximum yield.
AUM
$2m
Net APY
0%
Active Users
101
Type
Vault
Network
Ethereum
CCC+
High RiskCeiling B+
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CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. The range from CCC+ to B+ reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.
SCSSmart Contract Security80
KMPKey Management Permissions92
MMarket42
LLiquidity36
CCollateral18
PMProtocol Mechanics28
ICEInfra Counterparty Exposures48
PCEProtocol Counterparty Exposures42
GGovernance100
FRFinancial Resilience51
TLCTeam Legal Compliance68
DTDocumentation Transparency100
Performance
Assets Under Management · 30D▼ 0.00%
$2m
Over the last 30 days, the total value of Morpho Gauntlet USDC Frontier has dropped 0.00% with $75.00 in outflows.
Net APY · 30D▲ 0.00%
0%
Over the last 30 days, the APY has increased from 0.00% to 0.00%.
Active Users · 30D▲ 0.00%
101
Over the last 30 days, active users have increased by 0.00%, reaching 101 wallets.
Market Details
ChainEthereum
Treasury$34.08M
Oracles UsedChainlink ↗Morpho Custom Oracle Adapters ↗
Asset ManagerGauntlet
Stated Withdrawal TimeInstant
Infrastructure ProviderMorpho
Component Ratings
Contract Addresses (5)
Key Strengths
S1Immutable and minimal Morpho Blue core with extensive independent audit coverage and formal verification, removing upgrade risk at the protocol layer
S2Owner, guardian, and curator duties are split across separate verified multisigs with a multi-day timelock, giving depositors advance notice of parameter changes
S3An active, well-funded bug bounty program covers both current and next-generation contracts and has drawn sustained researcher attention
S4The curator is an established, well-capitalized risk management firm with publicly identified leadership and a large portfolio of curated vaults
Key Risks
R1A March 2026 stablecoin exploit left confirmed bad debt in several of this vault's markets, with a substantial share of remaining deposits stuck at full utilization
R2Each market depends on a single immutable oracle with no fallback; stale prices could not be corrected during the depeg, which is what enabled the losses
R3Vault-level supply caps were bypassed during the incident and automated allocation continued for hours with no circuit breaker, as set out in post-incident analysis
R4Deposits have fallen sharply following two contagion events within five months, and collateral is entirely wrapped or synthetic assets rather than majors
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