DeFi risk management company Gauntlet announces the cessation of cooperation with Aave

ChainCatcher news, according to the Aave governance forum, the DeFi risk management company Gauntlet has announced that it will cease its collaboration with Aave. Gauntlet will terminate payment flows as soon as possible and work with other contributors to find a replacement for the risk manager. Gauntlet's Chief Operating Officer and co-founder John Morrow stated, "Over the past year, we have found it difficult to navigate inconsistent guidelines and unspoken goals from the largest stakeholders. Because of all this, the best place to continue Gauntlet's mission is elsewhere."

It is reported that Gauntlet has served as the independent risk manager for Aave DAO since 2020. During this time, the company has been responsible for monitoring the risks of the Aave lending market, such as liquidation risks, deployments on new blockchains, and accepting new assets as collateral.