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Gauntlet LRT Core

Risk reportEthereum0x4881…0658

Risk

Depositing into Gauntlet LRT Core means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.

Morpho BlueVault (aggregates across markets)
How much could be lost?
43%of your deposit if collateral falls 50%Only smart-contract bug reaches a total 100%, with no warning to exit.
Can I exit?
Via underlying marketsonly governance changes give a 3-day timelock to exit — every other modeled failure is no-warning
What backs it?
No committed backstopnothing committed would cover a loss
Track record
No pool-level losses recorded36 audits, latest Dec 15, 2025

Collateral and oracle exposure

Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.

If collateral prices dropper asset · no liquidations · stress estimate
est. bad debt up to 24% of deposit

Driven by wstETH −30% 19% · weETH −30% 6% · WBTC −30% <1% · other <1% · −100% 90% modeled all-to-zero bad-debt ceiling

wstETHwstETHHybrid68%of vault · bad debt · $1.72mOracle exposure 7%

What it's made of

Hybrid· Chainlink(exchange-rate)

wstETH is priced from an exchange-rate/NAV leg (wstETH/stETH exchange rate) — no market-rate feed, so it tracks redemption value, not market price.

BasewstETH/stETH exchange rateExchange rate
Markets this collateral backs · 2
  • → WETH95% LLTV0x2a01…ad72Chainlink
  • → WETH97% LLTV0xbd60…71d8
Room to grow: $1.91m of $401.31m cap (<1% used)Aggregate Collateral Trust (ACT):$946.69m106 vaultsToken:0x7f39…2ca0Allocation: 75% of the vault · $1.91m

If it breaks

−30% default
At −30%:est. bad debt up to 19% of depositUses 2 market LLTV curves · capped at allocation $1.91m · drag to set this asset's drop
Oracle exposure: up to 7% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
weETHweETHHybrid22%of vault · bad debt · $571,545Oracle exposure 2%

What it's made of

Hybrid(exchange-rate)

weETH is priced from an exchange-rate/NAV leg (weETH/ETH exchange rate) — no market-rate feed, so it tracks redemption value, not market price.

BaseweETH/ETH exchange rateExchange rate
Markets this collateral backs · 1
  • → WETH95% LLTV0xbdd2…8a72
Room to grow: $633,696 of $21.4m cap (3% used)Aggregate Collateral Trust (ACT):$449.02m51 vaultsToken:0xcd5f…b7eeAllocation: 25% of the vault · $633,696

If it breaks

−30% default
At −30%:est. bad debt up to 6% of depositUses 1 market LLTV curve · capped at allocation $633,696 · drag to set this asset's drop
Oracle exposure: up to 2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
WBTCWBTCMarket<0.1%of vault · bad debt · $5.14Oracle exposure <0.1%

What it's made of

Market· Chainlink(aggregator)

WBTC is priced via BTC / ETH — market-rate feed (Chainlink).

BaseBTC / ETHMarketChainlink
Heartbeat 24h · Deviation 200bps
Markets this collateral backs · 1
  • → WETH92% LLTV0xc29b…e663Chainlink
Room to grow: $8.03 of $53.51m cap (<1% used)Aggregate Collateral Trust (ACT):$402.48m89 vaultsToken:0x2260…c599Allocation: <0.1% of the vault · $8.03

If it breaks

−30% default
At −30%:est. bad debt up to <0.1% of depositUses 1 market LLTV curve · capped at allocation $8.03 · drag to set this asset's drop
Oracle exposure: up to <0.1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
cbBTCcbBTCMarket<0.1%of vault · bad debt · $3.50Oracle exposure <0.1%

What it's made of

Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → WETH92% LLTV0x8f65…f5d4Chainlink
Room to grow: $11.23 of $13.38m cap (<1% used)Aggregate Collateral Trust (ACT):$461.35m102 vaultsToken:0xcbb7…33bfAllocation: <0.1% of the vault · $11.23

If it breaks

−30% default
At −30%:est. bad debt up to <0.1% of depositUses 1 market LLTV curve · capped at allocation $11.23 · drag to set this asset's drop
Oracle exposure: up to <0.1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

Oracle dependencies

1 feed · 1 control point

Up to10%of vault drainable if these feeds are mispriced · $249,566

Each price traces to a feed and the on-chain admin that can move it. Compromise either to misprice the collateral and borrow against it. Per-row amounts overlap and are not summed.

  • Chainlink·a 4/9 Safe multisigprices cbBTC, WBTC, wstETH0x21f7…73ca7% of vault · $187,415drainable if it is compromised
  • On-chain exchange rate· no external feed or adminprices weETH2% of vault · $62,151mispriceable only via the issuing contract
Updated Sep 29, 2026Sources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql