USDT Gauntlet
About USDT Gauntlet
USDT Gauntlet is an autocompounder on HyperEVM with USDT as its underlying token, in which the yield is distributed. It earns yield from its underlying lending venue and automatically converts any claimed rewards into more USDT, removing the manual claim and conversion steps a user would otherwise need to perform on their own.
Rewards earned by the strategy (MORPHO) are periodically converted into USDT and added back to the vault. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders rather than borne by each user individually.
Live since November 2025. Currently indexed at $4 TVL, with a 5.46% 24-hour APY and 7.27% across the trailing 30 days.
Performance Overview
Historical indexer data. Past onchain performance is not a predictive forecast.
Market benchmarking
USDT Felix Frontier
HyperEVM5.76%$1#2USDT FelixHyperEVM5.51%$1USDT GauntletYou are hereHyperEVM5.46%$4USDT Fluid
Arbitrum4.20%$78#5USDT DolomiteArbitrum3.79%$7Among the 10 USDT strategies we currently monitor, this product ranks #3. Its 5.46% yield runs 64.0% higher than the cohort average of 3.33%. On a $1,000 position, that's ~$1.78 per month higher than the cohort average. 2 strategies in the cohort are currently delivering higher APY; 7 are delivering lower. It currently holds $4 in TVL, ranking #7 of 10 by TVL.
Ecosystem context
On HyperEVM, this product's yield runs 11.4% higher than the network average across the USDT strategies we monitor. By APY it ranks #3 of 4 in that set. Yields on HyperEVM for USDT have averaged 4.90% in our index.
USDT on HyperEVM#3 of 4See all 4 USDT strategies on HyperEVMBy TVL, this product ranks #1 of 4 USDT strategies on HyperEVM in our index.
Yield trajectory
Historical indexer data. Past onchain performance is not a predictive forecast.
Strategy stability
Based on APY volatility over the last 30 days. Higher scores indicate steadier yields.
USDTThis strategy currently holds $4, below our $50K liquidity mark. Thin liquidity can mean higher slippage on entry and exit, and the headline yield can be skewed by a small number of holders.
Long-term performance
- Share price has compounded at an annualized rate of 5.30% over 246 days, growing from 1.0000 to 1.0354. This represents a gain of ~0.035 USDT per 1 USDT supplied at launch.
- Best performing month was July 2026 at 7.88% average APY; weakest was December 2025 at 3.32%.
Historical statistics
Over the past 242 days, this vault's APY has moved from an early average of 3.78% to a recent average of 6.91%, a 83.0% increase. At the start of the window, $1,000 would have earned ~$3.15/mo at then-current rates; at recent rates, ~$5.76/mo.
Total value locked currently sits at $4, up from $1 at the start of tracking. The vault has been live for 246 days.
APY
| 30D Low | 4.53% |
|---|---|
| 30D High | 14.36% |
| 30D Average | 7.27% |
| Lifetime avg (246d) | 5.42% |
| Median APY | 6.30% |
| Best day | 14.36% · Jul 11 |
| Worst day | 4.53% · Jun 27 |
| Volatility | ±2.49% |
| APY range | 9.84pp |
TVL
| 30D Low | $4 |
|---|---|
| 30D High | $4 |
| 30D Average | $4 |
| Lifetime avg (246d) | $3 |
| Median TVL | $4 |
| Best day | $4 · Jul 25 |
| Worst day | $4 · Jun 25 |
| Current TVL | $4 |
| Largest daily change | $0 |
Historical Data
Download CSV| Date | APY |
|---|---|
| Jul 25, 2026 | 5.96% |
| Jul 24, 2026 | 5.82% |
| Jul 23, 2026 | 5.85% |
| Jul 22, 2026 | 5.74% |
| Jul 20, 2026 | 7.79% |
| Jul 19, 2026 | 7.64% |
| Jul 18, 2026 | 10.22% |
Strategy details
Frequently Asked Questions
What's the current APY for USDT Gauntlet?
USDT Gauntlet is showing a 24-hour APY of 5.46%, with a 30-day average of 7.27%. 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.
How does the autocompounding work?
The strategy holds positions in its underlying lending venue and periodically claims any rewards that accrue. Those rewards (MORPHO) are then converted into more USDT 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.
Can I withdraw at any time?
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.
Where does the yield come from?
Yield is sourced from its underlying lending venue. 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 USDT on a recurring basis. The rate moves with the underlying venue's utilisation and incentive schedule.
How stable has the APY been?
Over the last 30 days, this vault's APY has ranged from 4.53% to 14.36%, averaging 7.27%, with measured volatility of ±2.49%. The Strategy stability section above shows where this falls on the scale from very volatile to very consistent.
How much is currently in the vault?
The vault currently holds $4 in TVL. The Historical statistics section above shows how this compares to the vault's 30-day range and lifetime peak.
What are the risks?
Like any onchain yield strategy, this vault is exposed to smart contract risk in both the Harvest contracts and its underlying lending venue, 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.
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Harvest is an onchain yield index. Performance data reflects historical onchain activity and is not a forecast. See the methodology, risk framework, terms, and disclosures for details on how data is calculated and the risks associated with onchain yield strategies.