Where waiting money sits

Money that has not been spent yet is not idle. The vault supplies it to a lending vault on Morpho, takes it back one slice at a time, and spends the interest on your stock.

Which lending vault

Gauntlet USDC Prime, a USDC vault on Morpho, at 0xeE8F…4b61 on Base. It was chosen because it lends against none of the stock tokens this protocol buys. A vault that did would pay a little more, and that extra would be payment for a risk tied to the same stocks you are buying.

What you earn

The rate shown on the site is what that vault is paying now, after its own fees. It moves with borrowing demand and is not promised. The calculator uses today's rate to show an example, not a forecast.

What can go wrong here

• A loss in the lending vault. If borrowers default and the collateral does not cover it, the vault's value falls and you get back less than you put in. The contract pays out what is actually there.
• A wait. If every dollar in the lending market is lent out, a withdrawal has to wait until some is repaid. A buy that cannot be funded is retried, and a stop waits.
• A change of rate. Interest can fall to very little. Your deposit is still spent on schedule.

The pieces can be read on chain

The lending adapter is fixed when the vault is deployed. The admin cannot swap it for another, and there is no upgrade. A second lending adapter means a new vault, published beside this one.