Key Takeaways
Today, we present the Gauntlet VaultBook, a resource for capital allocators seeking a comprehensive understanding of our approach to vault curation across Morpho, Drift, and Symbiotic.
Over 40 Gauntlet-curated Vaults deliver risk-adjusted DeFi yields for $700M+, with strategies informed and optimized by our automated risk models. We observe market conditions, execute on growth opportunities, and build sustainable vaults that cater to a range of risk appetites.
The Gauntlet VaultBook was born from our mission to drive adoption and understanding of the financial systems of the future. With eight years of experience working with the largest DeFi protocols, we are acutely aware of the importance of showing our work. As we guide capital allocations through the DeFi ecosystem in search of the best risk-adjusted yields, visibility is the most effective way to build trust with users.
With the Gauntlet VaultBook, you can explore our curation frameworks, risk assessment processes, and the technical methodologies we implement across our vaults. Our goal is to give you the tools to gain a deeper understanding of our role as Vault Curator by clearly outlining vault structures and elaborating on the specific actions we take as Curator.
What’s in the Gauntlet VaultBook?
As we add new vaults and expand our yield strategies, we will continually add to and refine our VaultBook. At launch, you can find information about Morpho, Drift, and Symbiotic Vaults.
Morpho Vaults
We began curating vaults on Morpho in early 2024. We now curate 30+ vaults across Ethereum, Base, and Polygon, with more to come. We’ve become the leading Curator on Morpho by applying our risk methodologies and unmatched due diligence to BTC, ETH, and stablecoin vaults, with yields that hold through varying market conditions.
Our Morpho Vaults are categorized into three distinct risk levels:
- Gauntlet Prime Vaults target conservative low-risk yields, allocating supply to maximize risk-adjusted yield while targeting minimal risk of insolvent debt even under extreme market conditions.
- Gauntlet Core Vaults allocate to a blend of large and lower cap collateralized markets while ensuring exposure to any one asset remains within acceptable bounds based on our risk guidelines.
- Gauntlet Frontier Vaults target the best risk-optimized yields across Morpho Markets by allocating to potentially higher volatility markets that may face liquidity risks in exchange for the potential of greater supplier returns.
The Morpho section of our VaultBook expands on these strategies and our approach to curation by examining our due diligence processes, automated risk management solutions, market allocation strategies, and more. You can also find illustrative examples of how our vault management actions fared during extreme market moves.
Drift Vaults
We use perpetual futures to craft strategies that enable capital allocators to effectively manage downside risk, capture yield, and preserve upside potential. Our work with onchain perpetuals began with our Jupiter partnership, which encompassed publishing comprehensive risk methodologies, building custom parameter optimizations, a real-time dashboard, and more. We built on our experience as a risk manager for perpetual exchanges to launch perpetual vault strategies on Drift in October 2024.
Our hJLP Vaults form the foundational layer of our vault curation on Drift. They are designed to mitigate risks associated with providing liquidity to Jupiter's perpetual exchange while maintaining attractive returns. The Gauntlet Basis Alpha (GBA) strategy generates yield on funding rates by holding the spot asset, shorting the perp in positive regimes, and trading the inverse when funding rates invert. Our Gauntlet Plus strategies overlay delta-neutral yields from GBA on top of other crypto assets.
Explore the Drift chapter of our VaultBook to dive into how our strategies function and our approach to curation on Drift, with explorations into each strategy type. You can check out our extensive FAQs as well.
Symbiotic Vaults
Our Symbiotic Vault set aims to best take advantage of the Symbiotic points campaign by maximizing the number of network allocations without exposing depositors to excess slashing risk across all preferred collateral options.
Building on our research on restaking network allocation, collateral analysis, and experience working with leading restaking protocols, we began curating Restaking Vaults on Symbiotic in January following its mainnet launch.
Check out the Symbiotic part of our VaultBook, where you can learn about our Restaking Vaults, our approach to curation, our operator and network allocation strategy, and peruse our catalog of restaking research and presentations.
We became the premier Curator in DeFi by leveraging our cryptoeconomic modeling and research knowledge and track record as a leading risk model provider. We invite you to journey through the Gauntlet VaultBook and explore the world of DeFi vault curation like never before.
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