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.