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Home»ADOPTION NEWS»Gauntlet announces departure from Aave as risk manager
ADOPTION NEWS

Gauntlet announces departure from Aave as risk manager

By Crypto FlexsFebruary 22, 20242 Mins Read
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Gauntlet announces departure from Aave as risk manager
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Posted 1 minute ago In ~

Gauntlet, a project specializing in DeFi risk management, is ending its relationship with lending platform Aave after four years of collaboration.

Gauntlet co-founder John Morrow wrote: post On the Aave forums, the company said it “can no longer continue our work with Aave.”

“We will terminate the payment stream as quickly as possible and work with other contributors to find a replacement for the risk manager,” Morrow said, adding that Gauntlet has experienced “inconsistent guidance and unwritten guidance over the past year.” “I had a hard time navigating it,” he added. Goals of the largest stakeholders.”

In the gauntlet Served as a contributor or “risk manager” for Aave. Starting in 2020, we are focusing on strengthening platform security.

Commenting on this announcement, Ernesto Boado, former CTO of Aave, said: said In his reply to the forum he personally said, ““We are disappointed that the trust Aave DAO placed in Gauntlet was broken during the engagement.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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