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About Gauntlet USD Alpha
Analysis of 3 Apr 2026Gauntlet USD Alpha (gtUSDa) is a yield-bearing stablecoin vault token built by Gauntlet, a DeFi risk management firm founded in 2018 that manages over $1.3 billion in TVL. gtUSDa is an ERC-20 token that represents a share of an automated USDC yield strategy deployed across multiple DeFi protocols including Morpho and Pendle on Ethereum, Base, Arbitrum, and Optimism. The vault automatically rebalances into optimal yield opportunities across chains, targeting risk-adjusted returns of 5-15% APY.
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To mitigate depeg risk, aggregate exposure to non-blue-chip stablecoins is capped at 40% of the portfolio. Gauntlet raised $41.8M in total funding and reached a $1 billion valuation in 2022, backed by Ribbit Capital, Polychain Capital, and Paradigm.
