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Gauntlet Ends Partnership with Aave Citing Challenges with DAO

After four years as Aave's risk manager, Gauntlet cites inconsistent guidelines and DAO dysfunction as reasons for its departure.

  • Gauntlet, a blockchain risk management firm, is terminating its relationship with Aave, a leading decentralized lending platform.
  • The decision comes after four years of partnership, during which Gauntlet served as Aave's risk steward, overseeing platform risk levels and contributing to governance.
  • Gauntlet cites difficulties navigating inconsistent guidelines and unwritten objectives from Aave's largest stakeholders as key reasons for the split.
  • The departure has sparked mixed reactions within the Aave community, with some expressing disappointment and concerns over the lack of a clear offboarding process.
  • Aave is now seeking a replacement for Gauntlet to continue managing market risks and contributing to the protocol's governance.
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