GTUSDTP, issued by Gauntlet Networks, Inc., is a tokenized vault interest that represents a depositor's claim on assets supplied into and allocated across underlying lending markets, plus accrued earnings, under a risk-optimization strategy curated by Gauntlet. [S1][S2]

Each vault token represents a claim on the supplied amount plus earnings rather than a fixed share, with its value rising through a share-price conversion (convertUnitsToTokens) rather than balance rebasing. [S1][S2] Yield derives from allocated lending markets (primarily Morpho, plus Aera, Kamino, and Symbiotic) and incentives, which are regularly claimed, converted, and reinvested automatically. [S3][S1][S2] Holders bear a performance fee capped at 50% of native onchain yield, and, on Morpho v2 vaults, an annual management fee capped at 5% of deposited assets. [S2]

The operating entity is Gauntlet Networks, Inc., governed by the laws of the State of Delaware, United States. [S4] It states it is not registered with the United States Securities and Exchange Commission (SEC) 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 hold contracting authority and must not be sanctioned or resident in comprehensively sanctioned jurisdictions. [S4] Products are non-custodial; assets remain in smart contracts under user control and are not guaranteed by Gauntlet. [S5]

Vault tokens are transferable ERC-20 tokens, explicitly not ERC-4626, issued across eight networks including Ethereum Mainnet, Base, Optimism, Unichain, Katana, Polygon, Arbitrum, and Hyperliquid. [S3][S1][S2] Deposit requires approving the supply asset and calling requestDeposit(); redemption requires calling requestRedeem() for USDC, settling asynchronously 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" },
  ]}
/>


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 USDT PRIME V2 (GTUSDTP) is a tokenized fund share issued by Gauntlet.

The fund is open-ended, invests in crypto assets, and charges a 0% annual management fee.

Investors can subscribe and redeem in USDT and instant subscription settlement, and holders have a right to redeem at net asset value with instant settlement.

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

Gauntlet USDT PRIME V2GTUSDTP

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