GTUSDTB, issued by Gauntlet Networks, Inc., is a tokenized vault interest that represents a depositor's claim on supplied assets plus accrued earnings allocated across onchain lending markets under Gauntlet's agent-based risk-optimization strategies. [S1][S2]

Each token represents a share of deposited assets earning yield from allocated lending markets, primarily Morpho, plus Aera, Kamino, and Symbiotic, with incentive rewards regularly claimed, converted to U.S. dollars (USD) via USDC, and reinvested automatically. [S3][S2] The token is price-tracking and NAV-accruing rather than rebasing, rising in value through a share-price conversion. [S1][S2] Morpho vaults charge no management fee under v1 and a performance fee capped at 50% of native onchain yield. [S2]

The operating entity is Gauntlet Networks, Inc., governed by the laws of the State of Delaware, USA. [S4] Gauntlet states it is not registered with the United States 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] The holder's claim is an ERC-20 vault token on supplied assets plus earnings. [S1][S2] Users must have authority to contract, must not be sanctioned or OFAC SDN-listed, and must not reside in comprehensively U.S.-sanctioned jurisdictions. [S4] Products are non-custodial, with assets held in smart contracts under user control. [S5]

Vault tokens are transferable ERC-20 tokens, explicitly not ERC-4626, operating across Ethereum Mainnet, Base, Optimism, Unichain, Katana, Polygon, Arbitrum, and Hyperliquid. [S3][S1][S2] Depositors approve USDC and call requestDeposit(); redemptions approve the vault token and call requestRedeem(), settling in USDC within roughly 6 to 12 hours subject to lock and queue. [S1][S2] Price is published onchain via convertUnitsToTokens. [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" },
  ]}
/>


# Gauntlet USDT Balanced APY methodology

## 1. Overview

The annualized yield of Gauntlet USDT Balanced is measured by this metric. The yield is derived from an ERC-4626 vault share price, which represents the value of the vault's shares in terms of the underlying USDT asset. A 7-day trailing window is utilized to calculate the growth of the share price over time. Gauntlet USDT Balanced is deployed on Ethereum, and the canonical APY is established from this deployment.

## 2. Data sources

- **EVM chain state reads**: `convertToAssets` on the Gauntlet USDT Balanced contract at `0xe571b648569619566cf6ce1060c97b621cb635d3` on Ethereum.
- **Asset metadata**: token addresses and decimal precision.
- **External data**: end-of-day price feeds.

## 3. Step-by-step calculation

### Component A: Yield index retrieval

- **Purpose**: Retrieve the daily yield index for Gauntlet USDT Balanced.
- **Logic**: The daily yield index is determined by querying the `convertToAssets` function on the Gauntlet USDT Balanced contract at `0xe571b648569619566cf6ce1060c97b621cb635d3` on Ethereum. The amount of underlying USDT corresponding to a single unit of the vault share token is returned by this function. All amounts are normalized by decimal precision.
- **On-chain reads**: `` `convertToAssets(uint256 shares) → uint256` `` — vault share-to-asset conversion at the current block

### Component B: Trailing yield annualization

- **Purpose**: Annualize the growth of the yield index.
- **Logic**: A 7-day trailing window is applied to the yield index. The index value from 7 days prior is compared to the current index, and the resulting ratio is annualized by raising it to the power of 365 / 7 and subtracting 1.

### Component C: Cross-chain selection

- **Purpose**: Choose a single canonical APY across all chain deployments.
- **Logic**: Gauntlet USDT Balanced is deployed on a single chain (Ethereum), so cross-chain selection is a no-op.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Annualized yield that holding the token accrues relative to its underlying asset.

Asset APY

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.

twitter

website

Risk curators

Gauntlet

Gauntlet USDT Balanced (GTUSDTB) is a tokenized fund share issued by Gauntlet.

The fund is open-ended and charges a 0% annual management fee.

Holders have a right to redeem at net asset value.

GTUSDTB has been issued on Ethereum as an ERC-4626 token since November 2025.

Gauntlet USDT BalancedGTUSDTB