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September 21, 2026

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CRYPTO·COINBEAT

Journalism for the digital-asset economy

Best DeFi Vault Curators · Rank 06 of 14

Gauntlet review

Depositors who want low-fee Prime-tier stablecoin vaults across many chains from a long-running quant risk firm.

gauntlet.xyz ↗

Scored by Maria FernandezLast verified September 21, 20267 scored facts

Score6.7

67 of 100 points

The short answer

Gauntlet scores 6.7 out of 10 and ranks #6 of 14 in the best defi vault curators table, strongest on assets under curation (10.0) and weakest on depositor losses (0.0).

Gauntlet is a quantitative risk-management firm, operating since 2018, that curates yield vaults for institutions and retail distribution partners. Its vaults run on Morpho (Prime, Balanced and Frontier tiers), on Morpho-fork Lista vaults on BNB Chain, on Kamino on Solana, and on Aera. Distribution partners include Uniswap and Coinbase.

Key facts on record

Primitives
Morpho, Lista (Morpho fork), Kamino
Networks
14

What the record shows

7 facts, each converted to points by the tables published in the table’s methodology. Each score below is read from the fact printed under it, with its source and the date it was checked.

Gauntlet on assets under curation

10.0/ 20% of the score

$1.65B under curation.

20 of 20 pts · api.llama.fi · checked September 21, 2026

Gauntlet on tenure as curator

10.0/ 10% of the score

First vault 2024-03 — 2 years 6 months as of 2026-09-21. First Morpho vault; Gauntlet's own Aera vaults go back to 2023.

10 of 10 pts · api.morpho.org · checked September 21, 2026

Gauntlet on depositor losses

0.0/ 25% of the score

Bad debt on record, not covered. Resolv USR exploit, March 2026: the Gauntlet USDC Core share price fell 29.5%, and a $4.38M recovery did not make depositors whole.

0 of 25 pts · bitget.com · checked September 21, 2026

Gauntlet on public reporting

4.7/ 15% of the score

One-off reports only.

7 of 15 pts · gauntlet.xyz · checked September 21, 2026

Gauntlet on performance fee

10.0/ 10% of the score

0% performance fee.

10 of 10 pts · api.morpho.org · checked September 21, 2026

Gauntlet on safeguards

10.0/ 10% of the score

Timelock and guardian.

10 of 10 pts · api.morpho.org · checked September 21, 2026

Gauntlet on primitives and networks

10.0/ 10% of the score

14 primitive–network pairs.

10 of 10 pts · api.morpho.org · checked September 21, 2026

Quick answers

What is Gauntlet best for?
Depositors who want low-fee Prime-tier stablecoin vaults across many chains from a long-running quant risk firm.. Gauntlet is a quantitative risk-management firm, operating since 2018, that curates yield vaults for institutions and retail distribution partners.
Where does Gauntlet rank among best defi vault curators?
#6 of 14, scoring 6.7 out of 10 — 67 of 100 points.
What is the weakest part of Gauntlet?
Depositor losses at 0.0. Bad debt on record, not covered. Resolv USR exploit, March 2026: the Gauntlet USDC Core share price fell 29.5%, and a $4.38M recovery did not make depositors whole.

Strengths and weaknesses

In its favour

  • Widest footprint in this table: 14 verified primitive–network deployments across 13 networks.
  • Main vaults have 0% performance fees and both timelocks and guardians/sentinels.

Against it

  • Depositors lost money in the March 2026 Resolv USR exploit: Gauntlet USDC Core's share price fell 29.5% on 2026-04-01. Recovery funds of $4.38M were only partly offsetting, and separate reports put Drift-hack exposure at about $6.4M.
  • No recurring public vault report was found; Gauntlet's reports are one-off, event-driven market reports and an annual recap.

How Gauntlet compares

14 services in best defi vault curators

  1. 01Steakhouse FinancialStablecoin depositors and fintech integrators who want conservative, blue-chip-collateral Morpho vaults.10.0
  2. 02SentoraInstitutions and stablecoin issuers looking for a white-label curated vault with a research-heavy risk desk.9.8
  3. 03kpkConservative USDC/ETH depositors and DAOs who want low-fee Morpho vaults with strong governance controls.9.2
  4. 04YearnDeFi-native depositors who want Morpho USDC/ETH exposure with an openly published risk-scoring method.8.2
  5. 05RockawayXDepositors who want RWA and private-credit yield through Morpho or Kamino and accept a newer curator.8.1
  6. 06Gauntletyou are hereDepositors who want low-fee Prime-tier stablecoin vaults across many chains from a long-running quant risk firm.6.7
  7. 07KeyrockInstitutions that want a market maker's credit view on USDC lending, including on the Arc chain.6.7
  8. 08BitwiseAdvisers and institutions that want a known asset-manager brand curating an RWA-backed stablecoin lending vault.6.4
  9. 09SparkStablecoin depositors who want long timelocks and Sky-ecosystem backing.6.2
  10. 10K3 CapitalDepositors looking for Euler-based ETH and stablecoin yield on newer chains like Monad and Plasma.5.9
  11. 11HyperithmStablecoin depositors who want tiered-risk Morpho vaults on Monad and Ethereum from a quant-trading firm.5.4
  12. 12MEV CapitalMainly a case study in curator risk; what remains is a small set of Morpho vaults.5.2
  13. 13Re7 LabsExperienced users who want long-tail chains and assets and accept higher curator risk.4.7
  14. 14UltraYieldUsers who want Edge Capital's market-neutral strategy vaults more than a large Morpho/Euler lending book.4.1