Reading time saved: 23 minutes
20 replies, 2761 views, 106 likes
Gauntlet has proposed to extend their risk management partnership with Aave, offering continuous support and new features like GHO stablecoin support, despite mixed community reactions regarding communication and pricing. The community has passed a Snapshot vote in favor, and an Aave Improvement Proposal (AIP) is up for voting to finalize the partnership renewal.
Gauntlet, a risk management platform, has proposed to renew their partnership with Aave for another year. The proposal includes continuous risk management for Aave V2 and V3, support for the GHO stablecoin, and an insolvency refund mechanism. Gauntlet has been instrumental in Aave's risk management for three years, contributing to upgrades, risk alerts, and recommendations. The renewal aims to maintain this relationship, focusing on maximizing capital efficiency and minimizing risks for Aave.
The community's reaction remains mixed. Supporters like Zeebradoom, EzR3aL, 0xkeyrock.eth, Wolfja-BlockchainCU, Funkmasterflex, Kene_StableLab, and PennBlockchain appreciate Gauntlet's proactive risk management and data-driven approach. They believe Gauntlet's work aligns with Aave's goals and has been beneficial. On the other hand, TokenLogic and MarcZeller have voiced concerns about Gauntlet's communication, response times, collaboration with other service providers, and pricing. Despite these concerns, Gauntlet has shown a willingness to adjust their proposal, including the payment structure and service fee, to address community feedback. Lbsblockchain endorses the renewal of Gauntlet's contract for $1.6M, highlighting their positive track record and responsiveness in critical situations18. Gauntlet thanked the community for their feedback and participation in a vote, mentioning that the Snapshot has been posted19. ApuMallku suggests that Gauntlet should be more proactive with the 24/7 nature of decentralized finance (defi) [ApuMallku - 21].
Posted a month ago
Last reply 3 days ago
Summary updated 3 days ago
Last updated 08/12 04:39