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Evidence
What a risk decision about this vault can rest on
Six questions, and what we hold for each. This is not a score and there is no letter at the end of it: the answers are different kinds of thing and compressing them into one number would hide exactly the part a reader needs. Where we have nothing, the row says so. 1 of 6 is not measured for this vault.
- What does it hold or lend into?Measured1 collateral read, $24.8k supplied, across 1 marketRead from the vault’s own holdings. Concentration and the assets themselves are below. Its largest single market holds 13% of what anybody has supplied there.
- How much could leave now?Measured$269.7kWhat the contract will pay out now, read from it. Not the same as what is idle.
- Who runs it, and what else have they run?MeasuredGauntletA named operator with a record across every vault they run, including the ones that closed.
- What does it depend on?DeclaredMorpho Vaults V2 on TempoThe venue and the chain are known; what the strategy routes into underneath them has not been read.
- Who can change it, and how fast?Not measured—Access control has not been read for this vault. Who can move the money, and how quickly, is unknown. That is not the same as nobody being able to.
- How much of the above was measured?Measured1 of 5 not measuredCounted from the rows above rather than asserted. Every figure on this page carries when it was read and what it was read from; the gaps are listed on /reconciliation with their size.
Amber means the evidence is incomplete, never that the vault is risky, and grey means we did not read it rather than that there is nothing to read. Nothing here is a rating, a recommendation, or a statement that this vault is safe.
This vault's size is proved against its own contract
The contract holds 278,243.49 PATHUSD, read from the chain by its token. At the price we publish that is $277.2k, against the $278.2k shown above.
Only half of this is ours. The quantity comes from the contract and can be checked by anybody; the price comes from defillama:coins, so a wrong price would move both figures together and this would still agree.
Much of this vault is held by people who are also in others
103.9% of the capital we can attribute here, or $289.1k, belongs to 2 addresses that also hold an open vault elsewhere, the deepest of them in 2. They can leave all of them on the same morning.
The concentration figure further down is about this vault alone and cannot see this. Dollars are each holder’s share of supply times the vault’s size, so this inherits both readings.
Tempo Earn
BThe Gauntlet pathUSD Prime vault aims to optimize for risk-adjusted yield by allocating across large market cap assets and high liquidity yield sources. The vaults risk strategy follows the Gauntlet Prime conservative framework whereby we curate supply to manage security and yield to provide a low risk profile at competitive APY
Taking money
—
Supplied
$277.2k
$22.6k lent out · 8% utilised
Return
<0.1%
over its watched history
The venue advertises
0.3%
the share price implies 0.2% over 28 days, from 29 readings
Recent
Value and drawdown
This chart shows the last 30 days of a 152 day record; the whole-record figures on this page are measured over all of it, and the 30, 90 and 365-day figures over their own windows, dated below. The rest is the Analyst tierRange
Hover for values. Upper: vault value, with BTC indexed to the same starting capital. Lower: how far below its own peak it was.
The rate, and the seven things that qualify it
A quoted rate is one input, not a verdict. These are the same seven fields in the same order for every vault, so a high rate and a high rate nobody can withdraw from do not look alike.
- Current quoted rate
- 0.3%As the venue states it, from Morpho Vaults V2. Passed on rather than adopted, and whether rewards are inside it is the next row.
- Rewards inside that rateweakens it
- 3.2% of it is a reward rateA published rate, not a verified payment. Promotional projections and amounts actually accrued are different things and this is the first.
- Realised return
- 0.2% over 28 daysDerived from the share price we read, over the window stated. Annualisation is secondary: the window is the measurement.
- Fee basis
- Already inside the share priceA return derived from the share price is net of whatever the venue already deducted. Fees charged outside it are not in either number.
- Withdrawable now
- $269.7k · 97% of the vaultA reading of now, not a promise about the day somebody tries. An accruing rate with nothing withdrawable is the case this section exists for.
- History quality
- 29 readingsHow many observations the derived figure rests on. A rate from three readings and one from three hundred are not the same claim.
Share price and yield
Realised yield is the share price's own 30-day return, annualised, with no smoothing.Range
What one share is worth, in pathUSD. It moves only when the strategy earns or loses; deposits do not move it.
Realised, trailing 30dAdvertised by the venue
Range
Solid: what a holder got. Dashed: what the venue advertised, kept since 18 Sep 2026 (17 days held).
If you had deposited
$10.0k would be $10.0k , a gain of $1.91, <0.1% over 88 days.
Computed from the price of one share, so another depositor arriving is never counted as this strategy’s performance. Fees the venue charges inside the share price are included; anything charged outside it is not. It says what this vault did between two dates and nothing whatever about what it will do next.
No strategy has been declared for this vault
Everything above is reconstructed from public data. A declaration is free, signed from this vault’s own key, and cannot be edited afterwards.Note 28
Passport
Identity
Vault contract0xC609656E…f06E
NetworkTempo
Platform
Morpho Vaults V2
Operator
Gauntlet0x9E33faAE…0585
Gauntlet0x9E33faAE…0585Deposit assetpathUSD
Created on-chain2026-04-16
First observed by us2026-09-19
What it is lent against
- cbBTC
- $24.8k100%
Attributed collateral only. A vault accepting many collaterals at once reports less here than it holds, so this is what we can attribute rather than everything it is lent against.
Where it lends
13% of its largest market| Market | LLTV | Supplied | Share | Free |
|---|---|---|---|---|
| cbBTC / pathUSD | 77% | $24.8k | 13% | $16.4k |
1 market read, $24.8k attributed.
What the manager moved
read 5 October 2026, over 30 daysRead over 30 days and no asset movement could be attributed to the manager. That is a reading, not an absence of one, every transfer in the window travelled with a deposit or a withdrawal.
Who is in it
Money in and out
Ledger read 11 minutes agoAnalyst tier
Detail is hidden, not absentWho is in this vault, and how much of it is one wallet
A vault that is eighty per cent one depositor is a vault whose price can be reset by a single withdrawal, and whose headline TVL says almost nothing about whether anyone else believes in it. Concentration is the risk a return figure never shows, and it moves before the return line does.
See what unlocksAlready a customer? Sign inWhat is still missing
- Operator cohort. We show what the venue still exposes; strategies deleted before we began observing are invisible, and only pre-registration can make a cohort provably complete.
- Gross-to-net waterfall. Returns are venue-reported and not yet decomposed into fees, funding and slippage.
- Off-chain exposure. Anything held on a centralised exchange is invisible to us, so the risk shown is a floor.