# Vaults on Morpho

#### 🧠 **What are Morpho Vaults?**

Morpho Vaults are curated lending strategies built on the [Morpho](https://morpho.org/). They allow users to supply assets into actively managed vaults, which automatically allocate capital across Morpho Markets to optimize yield and manage risk.

Each vault is maintained by a third-party curator and follows specific risk and strategy parameters. These vaults are designed to simplify the lending experience, offering auto-rebalancing, real-time monitoring, and non-custodial access.

#### 📊 **Current Vaults on XLend**

<table><thead><tr><th width="99.57421875">Asset</th><th width="99.703125">Network</th><th width="99.63671875">Curator</th><th width="200.37890625">Strategy Type</th><th width="150.05859375">Link</th><th width="439.9453125">Vaults Address</th></tr></thead><tbody><tr><td>USDC</td><td>Base</td><td>Gauntlet</td><td>Gauntlet Core Vault</td><td><a href="https://app.morpho.org/base/vault/0x23479229e52Ab6aaD312D0B03DF9F33B46753B5e/extrafi-xlend-usdc">Link to vault</a></td><td><a href="https://basescan.org/address/0x23479229e52Ab6aaD312D0B03DF9F33B46753B5e">0x23479229e52Ab6aaD312D0B03DF9F33B46753B5e</a></td></tr><tr><td>WETH</td><td>Base</td><td>Gauntlet</td><td>Gauntlet Core Vault</td><td><a href="https://app.morpho.org/base/vault/0x5A32099837D89E3a794a44fb131CBbAD41f87a8C/extrafi-xlend-weth">Link to vault</a></td><td><a href="https://basescan.org/address/0x5A32099837D89E3a794a44fb131CBbAD41f87a8C">0x5A32099837D89E3a794a44fb131CBbAD41f87a8C</a></td></tr></tbody></table>

The Vaults on XLend are curated by [**Gauntlet**](https://www.gauntlet.xyz/), using the strategy framework of **Gauntlet Core Vaults**. These strategies aim to deliver higher risk-adjusted yields by allocating assets across a mix of large-cap and lower-cap collateral markets, while ensuring that exposure to any single asset remains within prudent risk limits.

* Learn more about **Gauntlet** as a curator: <https://www.gauntlet.xyz/>
* Strategy details: [Gauntlet Core Vaults](https://vaultbook.gauntlet.xyz/morpho-vaults/core-vaults-competitive-yield-strategies)
* Explore live metrics and performance dashboards:

  **Extrafi XLend USDC**

  <https://app.gauntlet.xyz/vaults/base:0x23479229e52ab6aad312d0b03df9f33b46753b5e>

  **Extrafi XLend WETH:** <https://app.gauntlet.xyz/vaults/base:0x5a32099837d89e3a794a44fb131cbbad41f87a8c>

#### 🎁 Incentives

Users who deposit into XLend’s Morpho Vaults can earn additional rewards on top of the organic yield generated from lending interest. Rewards may include:

* **$EXTRA**, the native token of Extrafi
* **$MORPHO**, distributed through Morpho’s incentive programs

Yield rates (APY) shown on the Vaults tab reflect both base yield and any current incentives.

#### ❓ FAQ

**Q: What’s the difference between a Morpho Vault and traditional lending?**

A: Vaults automate market selection and risk management. Instead of manually choosing individual markets, you deposit once and the vault handles allocation and rebalancing.

**Q: Can I withdraw my funds at any time?**

A: Yes, all vaults on XLend are non-custodial and have no lock-up periods. You can deposit or withdraw at any time, subject to market liquidity.

**Q: Are these vaults safe?**

A: Vaults are managed by reputable curators like Gauntlet, who design the strategies based on rigorous risk modeling. However, as with all DeFi products, users should assess smart contract and market risks.

**Q: Where can I track the vault’s performance?**

A: Gauntlet provides a live dashboard for each vault: <https://app.gauntlet.xyz/>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.extrafi.io/extrafi-xlend/vaults-on-morpho.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.