GTUSDA, issued by Gauntlet Networks, Inc., is a tokenized vault interest representing a depositor's claim on supplied U.S. dollar (USD) stablecoin assets plus accrued earnings, curated through agent-based risk optimization across onchain lending markets. [S1][S2]

Each token represents a claim on USD Coin (USDC) allocated across lending markets, primarily Morpho, plus Aera, Kamino, and Symbiotic. [S3][S2] Yield derives from these markets and incentives, which are regularly claimed, converted to USDC, and reinvested automatically, targeting approximately 11.0% annualized APY based on backtest. [S1][S2] The token is NAV-accruing rather than rebasing, its USDC value rising via share-price conversion. [S1] Morpho vaults charge no management fee and a performance fee capped at 50% of native onchain yield. [S2]

The operating entity is Gauntlet Networks, Inc., governed by the laws of Delaware, United States. [S4] Gauntlet states it is not registered with the U.S. Securities and Exchange Commission as a national securities exchange, broker-dealer, investment adviser, or in any other capacity, and does not act as a fiduciary, custodian, or asset manager. [S4][S5] Tokenholders receive a transferable ERC-20 vault token representing a claim on deposited supply plus earnings; digital assets are not guaranteed by Gauntlet. [S1][S5] Users must hold contracting authority and must not be sanctioned, on prohibited-party lists, or resident in comprehensively sanctioned jurisdictions. [S4] Products are non-custodial, with assets held in smart contracts under user control. [S5]

GTUSDA is a transferable ERC-20 token, explicitly not ERC-4626, available across Base, Arbitrum, Optimism, and Ethereum Mainnet. [S1][S2] Depositors approve USDC to the provisioner contract and call requestDeposit(); redemptions call requestRedeem() and settle in USDC, reflected onchain within approximately 6 to 12 hours, subject to lock and queue periods. [S1][S2] NAV is published via an onchain pricing helper returning units' USDC value. [S1]

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://www.gauntlet.xyz/gauntlet-strategies/gtusda" },
    { id: "S2", url: "https://vaultbook.gauntlet.xyz/introduction/readme.md" },
    { id: "S3", url: "https://www.gauntlet.xyz/vaults/lending" },
    { id: "S4", url: "https://www.gauntlet.xyz/tos" },
    { id: "S5", url: "https://vaultbook.gauntlet.xyz/introduction/readme.md?ask=eligibility-and-legal" },
  ]}
/>


Tokenized funds

Gauntlet operates through an automated risk platform that continuously monitors market conditions and executes algorithmic trading strategies to optimize risk-adjusted returns. The platform supports over $42 billion in DeFi TVL through its risk models, manages $2+ billion in vault strategies across multiple chains, and generates revenue by providing institutional-grade vault curation, risk analysis services, and applied research to DeFi protocols, DAOs, and capital allocators.

The platform offers risk-optimized DeFi vaults, automated yield strategies, and comprehensive risk management services across multiple blockchain protocols. Gauntlet provides institutional investors with self-custodial vault strategies spanning yield lending, restaking, perpetual futures, and real-world asset exposure while maintaining sophisticated risk controls and monitoring systems.

Gauntlet is an institutional-grade DeFi risk management and yield optimization platform that provides quantitative analysis and vault strategies for decentralized finance protocols and capital allocators.

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Risk curators

Gauntlet

Gauntlet USD Alpha (GTUSDA) is a token providing exposure to a tokenized fund issued by Gauntlet and managed by Gauntlet Networks, Inc.

Each token is a collateral-backed contractual exposure rather than a direct claim on the issuer.

The fund is open-ended and invests in crypto assets.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can subscribe and redeem in USDC and two-to-five-business-day subscription settlement, and holders have a right to redeem at net asset value with same- or next-business-day settlement.

GTUSDA has been issued on public blockchains since June 2025 and is native to Base, Arbitrum One, OP Mainnet, and Ethereum.

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