Gauntlet proposes to renew the risk management collaboration with Compound for 12 months, with a fixed fee of $2 million per year paid in COMP
ChainCatcher news, DeFi risk management firm Gauntlet has initiated a new proposal in the Compound community, suggesting to renew its 12-month ongoing market risk management collaboration with Compound to maximize capital efficiency while minimizing bankruptcy and liquidation risks.Among them, Gauntlet's service fee is a fixed annual fee of $2 million, paid in COMP tokens, using the volume-weighted average price (VWAP) of COMP tokens over the 30 days ending September 12, which is $42.58. The fixed fee amounts to 46,970 COMP tokens, of which 30% (14,091 COMP tokens) will be sent in a lump sum to the bankruptcy refund treasury; the remaining 70% (32,879 COMP tokens) will be unlocked linearly to Gauntlet's address over the course of a year, starting on September 27.Last September, Gauntlet renewed its partnership with Compound, effective until September 27, 2023.