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Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction

Blockchain risk management firm Gauntlet has broken off its four-year-long relationship with the decentralized lending platform Aave, citing difficulty working with the decentralized autonomous organization (DAO) that governs the protocol. In a post in the Aave forums, Gauntlet co-founder John Morrow said his firm was terminating its relationship with the lender because his team "found it difficult to navigate the inconsistent guidelines and unwritten objectives" of Aave's "largest stakeholders." Gauntlet is a key player in decentralized finance (DeFi), its risk management services used by several of the largest crypto protocols and DAOs.


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