Gauntlet ends Aave partnership over DAO governance disputes
Gauntlet terminates 4-year partnership with Aave due to DAO governance challenges. Gauntlet was Aave’s Risk Steward. Aave now faces the task of finding a new Risk Steward after Gauntlet withdraws. In an announcement made by Gauntlet co-founder John Morrow in an Aave forum post, Gauntlet, a prominent blockchain risk management firm, has terminated its four-year partnership with Aave, the leading decentralized lending platform managed by Aave Companies that recently rebranded into Avara. Gauntlet’s decision, attributed to governance challenges within Aave’s decentralized autonomous organization (DAO), marks the end of a collaboration aimed at enhancing the safety and efficiency of the platform. DAO governance disputes Gauntlet’s role as a Risk Steward for Aave involved monitoring and analyzing protocol parameters to ensure the platform’s security. However, according to Gauntlet co-founder John Morrow, navigating the inco...