Gauntlet Vaults (Liquid Earn)
Liquid Earn lets you earn yield on idle USDC through Gauntlet Vaults, curated by Gauntlet, a DeFi risk manager since 2018. Non-custodial, no lockups, withdraw anytime.
Money isn't free. So why let it sit idle?
Liquid Earn lets every Liquid user deposit USDC and earn yield through Gauntlet Vaults, curated by Gauntlet, a DeFi risk manager since 2018 with over $1.5B curated across its vaults. The flagship vault is Gauntlet USD Alpha, Gauntlet's stablecoin yield vault.
How It Works
The strategy is simple to hold and sophisticated under the hood. Your USDC is lent to overcollateralized lending markets on leading on-chain protocols, including Morpho. Gauntlet rebalances the vault automatically as market conditions change, and your yield compounds on its own.
Variable APY. The current rate is shown live on the Earn screen. Yield depends on market conditions and is not guaranteed.
No lockups. Withdraw whenever you want.
No minimums to speak of. Start with as little as $1.
No fees to start. Liquid does not charge a deposit fee.
Full custody. Every deposit and withdrawal is signed from your own wallet, and every allocation is verifiable on-chain.
Getting Started
Open the Liquid app or app.liquid.trade/earn and go to Earn.
Deposit USDC from your trading balance.
That's it. Your balance starts working immediately, and you can watch it grow on the Earn screen.
Withdrawals work the same way: move your USDC back to your trading balance whenever you want. Most withdrawals settle within minutes; during periods of heavy demand, vault redemptions can take a few hours to process.
Gauntlet Vaults vs. Trading Vaults
Strategy
Overcollateralized stablecoin lending
Active trading or market making
Risk profile
Lower; lending risk and smart contract risk
Higher; strategy can lose money
Lockup
None
Varies by vault
Where
Earn tab
Vaults tab
Risks
Yield is variable and not guaranteed. Lending markets carry smart contract risk and, in extreme conditions, the risk that borrowers' collateral falls in value faster than it can be liquidated. Gauntlet manages these parameters actively, but no yield strategy is risk-free. Only deposit what you are comfortable holding.
See What are Vaults for how pooled on-chain vaults work in general.