[Gauntlet] Vaults Updates Thread

Gauntlet MKR Blended Vault (gtUSDCmkr) Deprecation

Summary

We will be deprecating the Gauntlet MKR Blended Vault (gtUSDCmkr). For users who have deposited into this vault, please withdraw and consider redepositing to the Gauntlet USDC Core Vault (gtUDSCcore), which also allocates to the MKR/USDC/LLTV 77% market. We will post more information about the USDC Core Vault soon.

Gauntlet MKR Blended Vault [to be deprecated]

  • Symbol: gtUSDCmkr
  • Objective: The MKR Blended Vault will whitelist MKR collateral markets and continuously optimize risk-adjusted yield across those markets.
  • Allocation (as of 5/10/2024):
    • MKR/USDC (77.0%): 41.3%
      Collateral asset: MKR
      Borrow asset: USDC
      LLTV: 77.0%
    • [IDLE]/USDC: 58.68%

Updates on Gauntlet LRT Core Vault - 5/16/2024

Summary

We have added additional LRT and LST markets to the Gauntlet LRT Core Vault to diversify collateral risk and optimize for yield. Markets recently added:

Market LLTV Supply Cap (WETH) Oracle
rsETH/WETH 0.86 1000 Redstone market Rate
pufETH/WETH 0.86 1000 Redstone market Rate
osETH/WETH 0.86 1000 Redstone market Rate
weETH/WETH 0.86 1500 Redstone market Rate
rswETH/WETH 0.86 300 Redstone market Rate

rsETH

rsETH is a Liquid Restaking Token (LRT) issued by Kelp DAO designed to offer liquidity to illiquid assets deposited on restaking platforms, such as EigenLayer.

The rsETH/WETH/86% market uses a Redstone market rate oracle. Withdrawals on rsETH are live as of May 3rd which may mitigate the risk of market price dislocations. Given the relatively lower liquidity in rsETH LPs, this market poses higher risk to suppliers. However, we have set the initial supply cap to 1000 WETH to limit exposure to this market.


pufETH

pufETH is a native Liquid Restaking Token (LRT) that generates restaking rewards through native restaking on Eigenlayer. The pufETH/WETH/86% market uses a Redstone market rate oracle. Withdrawals are not yet live on pufETH. The market has a moderate to high risk profile given the current market liquidity, lack of withdrawals and market rate oracle.

osETH

osETH is an overcollateralized staked ETH token that represents the ETH staked in StakeWise V3 validators. The osETH/WETH/86% market uses a market rate Redstone oracle. osETH can be redeemed for ETH at the underlying exchange rate between the two tokens based on the performance of Stakewise vaults and outstanding supply of osETH. This market has a moderate risk profile given the current liquidity and market rate oracle.

weETH

weETH is the wrapped version of eETH, the natively restaked liquid staking token built by Ether.fi. The weETH/WETH/86% market uses a market rate Redstone oracle. Withdrawals for weETH are live. Given the availability of withdrawals and the relatively deep market liquidity for weETH, we have initialized the supply cap for weETH to 1500 and aim to increase them as we monitor borrow demand. This market has a moderate risk profile given the market rate oracle.


rswETH

rsWETH is Swell’s native Liquid Restaking Token. The rswETH/WETH/86% market uses a market rate Redstone oracle. Withdrawals are not yet live on rswETH. Given the relatively lower liquidity in rswETH LPs, this market poses higher risk to suppliers. We have set the initial supply cap to 300 WETH to limit exposure to this market. This market has a higher risk profile given the low level of liquidity and market rate oracle.


For more information, see the official docs of each of these protocols: