gauntlet

According to Fortune, DeFi asset management and risk analysis company Gauntlet has completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The financing was completed in June of this year, and the specific valuation has not been disclosed.This is Gauntlet's largest financing round since its establishment in 2018, far exceeding its $24 million Series B financing round led by Ribbit Capital in 2022, which had a valuation of $1 billion.Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra, initially focusing on providing stress testing and vulnerability analysis services for DeFi protocols. As the DAO governance model declined, it gradually transformed into a "vault curation" business—evaluating yield strategy risks through quantitative analysis to help institutional investors manage digital asset allocation. Its current clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.

The decentralized stablecoin USDD officially announced that the PT-sUSDD/USDT and PT-sUSDD/USDC markets have officially launched on Morpho. Users can exchange USDT for PT-sUSDD on Pendle, and then use PT-sUSDD as collateral on Morpho to borrow USDT or USDC for liquidity.This strategy is supported by Gauntlet, and currently, the borrowing rates for related Vaults are low. Combined with the annualized yield of PT-sUSDD, there is room for leverage operations. Theoretically, cycling 10 times could yield nearly 30% annualized returns, and users can participate according to their own risk preferences.

DeFi research and risk management company Gauntlet updated on the X platform regarding the progress of the Resolv vulnerability handling. Currently, the USDC Frontier (v1) on the Base network has been removed from all Resolv markets, with no bad debt risk.The v1 and v2 vaults have now reopened for deposits, and Morpho will remove the interface warning tomorrow. The mainnet USDC Frontier (v2) vault restart operation is underway. Based on the existing time lock arrangements, the submission limit for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that further details on the remaining vaults will be provided based on subsequent updates from Resolv.

DeFi research and risk management company Gauntlet posted an update on the X platform regarding the progress of the Resolv vulnerability handling. The USDC Frontier (v1) on the Base network has been removed from all Resolv markets, with no bad debt risk.The v1 and v2 vaults are now reopened for deposits, and Morpho will remove the interface warning tomorrow. The restart operation for the mainnet USDC Frontier (v2) vault is underway. Based on the existing time lock arrangements, the submission limit for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that further details about the remaining vaults will be provided based on subsequent fixes from Resolv.

The founder and CEO of Aave, Stani.eth, posted on the X platform stating that the risk management team Gauntlet has suspended Compound withdrawals; due to the de-pegging of deUSD, users are unable to withdraw funds in the presence of bad debt risk, which is in a "locked" state. Gauntlet CBO Nick Cannon responded in the comments, saying, "The pause is proactive, just like what we did for Aave a few years ago, and it has reduced the risks highlighted in the screenshot," while Stani.eth commented, "This asset should not be listed in the main market."Data shows that the deUSD stablecoin began to experience severe de-pegging last night, and it has currently decoupled to $0.1, with the total market cap dropping from tens of millions to millions of dollars.

DeFi research and risk management company Gauntlet has proposed a temporary emergency pause on the following independent lending Comet markets in Compound v3 on the Ethereum lending protocol forum, including: USDC on Ethereum, USDS on Ethereum, and USDT on Ethereum.Gauntlet stated that it observed a liquidity crisis with both deUSD and sdeUSD under Elixir, which are both listed as collateral on Ethereum USDC, USDS, and USDT. Gauntlet has suggested updating the risk parameters (Tally), which have not yet been approved by the governance committee. Before the proposal is approved, Gauntlet recommends pausing withdrawals of the affected tokens. This means that USDS, USDC, and USDT tokens on Compound v3 will not be able to establish new lending positions or withdraw liquidity. Yesterday, Stream Finance disclosed that its fund assets suffered a loss of $93 million, with Elixir bearing an exposure of $68 million, as deUSD and sdeUSD under Elixir faced a liquidity crisis.

ChainCatcher news, according to official sources, the risk management protocol Gauntlet has announced a partnership with the digital asset trading platform FalconX to officially launch a leveraged RWA investment strategy. This strategy is supported by underlying technology provided by Morpho Labs' treasury and was developed in collaboration with Pareto.According to the protocol mechanism, this strategy allows users to use Pareto FalconX Credit Vault (CV) tokens as collateral to borrow USDC stablecoins, and continue to purchase CV tokens under a strict risk control framework, achieving leveraged investment operations.

ChainCatcher news, according to data from the Uniswap Foundation, after Gauntlet provided continuous UNI incentives to 12 pools of Unichain for two weeks, the Unichain TVL soared to over 100 million dollars, reaching 107.4 million dollars, while the previous Unichain TVL was less than 1 million dollars, with the USDC/USDT0 Pool reaching 66.7 million dollars.Currently, the daily rewards for the 12 Unichain Pools are approximately 330,000 dollars worth of UNI, with the USDC/USDT0 Pool receiving a daily reward of 7.784k UNI (worth about 40,600 dollars).

ChainCatcher news, according to data from the Uniswap Foundation, after Gauntlet provided continuous UNI incentives to 12 pools on Unichain for two weeks, Unichain's TVL soared to over $71 million, while prior to this, Unichain's TVL was less than $1 million, with the USDC/USDT0 Pool reaching $44 million.Currently, the daily rewards for the 12 Unichain Pools are approximately $330,000 worth of UNI, with the USDC/USDT0 Pool receiving a daily reward of 7.784k UNI (worth about $40,600).

ChainCatcher news, according to official sources, Compound has initiated a new proposal 323, which suggests extending the collaboration with Gauntlet in risk management, yield optimization, and incentive optimization for another 12 months. Voting is expected to start in two days.It is reported that Gauntlet renewed the cooperation agreement with Compound last September, which will last until September 27, 2024.

ChainCatcher message, the Compound governance page shows that Gauntlet has initiated proposal 291, proposing adjustments to the risk parameters of Compound v2, cUSDCv3, and cUSDTv3 on the Ethereum mainnet. Voting will open in approximately 13 hours.

ChainCatcher news, according to Cointelegraph, Pyth Network has partnered with Morpho and Gauntlet to enhance lending protocols on Ethereum and Base using low-latency price data.It is reported that this collaboration aims to provide more efficient and secure lending protocols by utilizing Pyth's low-latency price data. Pyth currently provides price data for over 350 DeFi protocols across various blockchains.

According to official news, Gauntlet has published a blog post about the market risks of LRT (Liquidity Re-staking Tokens) as part of its collaboration with EigenLayer. The article points out that the overall TVL of LRT has significantly increased this year, rising from $300 million in January to over $10 billion in May.The article provides a framework for assessing LRT market risks, focusing on four main risk attributes:External liquidity;Withdrawals and withdrawal queues;LRT volatility;DeFi risks.In the coming days, Gauntlet will launch a dashboard to provide users with data and a UI to apply this framework to their token analysis.

ChainCatcher news, according to The Block, the crypto lending protocol Morpho announced a partnership with research firm Gauntlet, which will use the open-source protocol Metamorpho to design lending vault products for Morpho.It is reported that Gauntlet recently exited its collaboration with Morpho's competitor AaveDAO, stating that the two sides parted ways due to "inconsistent guidelines."

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.

ChainCatcher news, the DeFi risk management firm Gauntlet has proposed a "12-month renewal of the partnership with Aave" to the Aave community, aiming to continue market risk management, maximize capital efficiency, and reduce bankruptcy and liquidation risks for long-term sustainability. Last December, Gauntlet renewed its partnership with Aave, which will last until December 28, 2023.It is reported that the functions provided by Gauntlet will cover Aave V2, Aave V3, GHO (new), and Insolvency Refund. The annual fee is a fixed cost of $1.6 million, with 50% to be paid in GHO and the other 50% in aUSDT.

ChainCatcher news, DeFi risk management tool Gauntlet has initiated a proposal in the Aave community to "restart Aave v3 CRV lending on Ethereum mainnet and Polygon," and suggested some adjustments to the parameters of CRV. The proposal has now reached the required number of votes, with a support rate of 99.98%.

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.