USDC Gauntlet Frontier V2

USDC Gauntlet Frontier V2 on Ethereum is showing a 24-hour APY of 7.13%, with a 30-day average of 13.92%. Rates are variable and move with market conditions, liquidity, and the underlying protocol's incentives. The figures reflect the realised yield over the trailing window; they are not a forward guarantee.

The strategy holds positions in the Alpha Core V2 Morpho vault curated by kpk and periodically claims any rewards that accrue. Those rewards (MORPHO) are then converted into more USDC and added back to the vault, increasing the value of each holder's share. The process repeats automatically; holders are not required to claim, swap, or add anything back themselves. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders.

There are no withdrawal periods or lockups. If the underlying strategy holds enough liquidity to satisfy the request, exits are instant. During periods of liquidity stress in the underlying venue, withdrawal capacity can be limited until liquidity returns. See the risk page for details on how this works.

Yield is sourced from the Alpha Core V2 Morpho vault curated by kpk. The income stream is a combination of interest paid by the underlying market and reward emissions in MORPHO, which the strategy claims and converts back into USDC on a recurring basis. The rate moves with the underlying venue's utilisation and incentive schedule.

Over the last 30 days, this vault's APY has ranged from 10.95% to 17.33%, averaging 13.92%, with measured volatility of ±1.88%. The Strategy stability section above shows where this falls on the scale from very volatile to very consistent.

The vault currently holds $98 in TVL across 2 holders. The Historical statistics section above shows how this compares to the vault's 30-day range and lifetime peak.

Like any onchain yield strategy, this vault is exposed to smart contract risk in both the Harvest contracts and the Alpha Core V2 Morpho vault curated by kpk, market risk in the underlying venue it routes to, and protocol-specific risks of the assets it interacts with. Harvest's core vault infrastructure was audited by Halborn in January 2025. Audits reduce but do not eliminate risk.