Backtest and Benchmarking

Institutional capital allocators typically review a backtest: a quantitative evaluation of how a strategy would have performed in past market conditions. We’re excited to make this information available for Gauntlet USD Alpha.

Backtest Including Pendle Markets

First Backtest

The backtest evaluated the initial strategy: a mix of Morpho vaults across Mainnet and Base with reinvested rewards for one year (to September 1, 2024) and 30-day relative performance. The benchmark consists of the USD yield opportunities tracked by vaults.fyi.

• Vaults.fyi benchmark: 6.75% annualized APY since start, 4.48% t30d annualized

• gtUSDa: 11.02% annualized return since start, 7.76% t30d annualized