ASPERN · due-diligence report
Gauntlet USDC Prime
Morpho Vaults V2 · base · base-gauntlet-usdc-prime-050ce3
Generated 2026-10-22 18:49:01 UTC. Every figure below carries the moment it was read, because a report is read later than it is made. Nothing here is a recommendation to invest. The live page carries the same readings and moves with them.
What it holds
How you get out
The contract imposes NO notice period: a redeem settles in the transaction that asks for it. That is not a promise of an instant exit — it is still subject to the vault having the money, which is the liquidity reading and a separate question — but there is no queue, no request step and no lock-up in the contract.
We derive 99.9% of this vault as withdrawable and its own accounting says 93.4%. Two independent readings that agree.
Six risks, read separately
This is the 209th different vault read from here today, and the allowance at this level is 50. Past that a caller is not checking a vault any more, they are reading the population, and the population is the product: the risk screen covers every vault at once, filtered and sorted and compared. Nothing is slowed down and nothing else on this answer is withheld. Vaults already read today stay open whatever the count, because coming back to a vault you are considering is exactly what this allowance is for.
What it advertised and what it returned
The published ratio divides the realised rate by the rate this vault quotes TODAY. Over 100 of the 252 days the return covers we hold its own quotes, it advertised between 4.26% and 4.72%, averaging 4.42%, and today's quote is near the TOP of that range, so the published ratio is built on one of this vault's better quotes. Against the average it quoted, the realised rate is 100.45% of it. We hold no quote for the rest of the window, so this says what the venue was advertising while we watched and not across the whole return. 33 of those days we recorded ourselves and 67 come from the venue's own published history, which is the same fact read later rather than a different one.
Who controls it, and whether that has changed
We have watched who controls this vault since 2026-09-19 and nothing we record has moved in that window. That is not the same as a vault that has never changed hands: anything before 2026-09-19 predates this platform holding control state at all, and we do not reconstruct it from history.
What we cannot see
- · Whether it still takes deposits is not something we could establish.
- · Whether that notice period is real: Morpho states it and our own read of the controller found no timelock, so the figure beside `notice` rests on their word rather than on the contract.