🔗 **Gauntlet Ends Partnership with Aave** 🔗

📅 **Date**: Feb 22, 2024

🌐 Blockchain analytics company Gauntlet has officially terminated its partnership with Aave, a popular open-source liquidity protocol. Gauntlet, which served as a market risk manager for Aave, cited difficulties in navigating inconsistent guidelines and objectives from Aave DAO stakeholders.

🔍 **Issues Raised:**

- Gauntlet faced challenges in understanding and aligning with the objectives of Aave DAO stakeholders.

- Criticism arose during Gauntlet's efforts in to distribute ARB emissions to Aave users.

- Aave Chan Initiative (ACI) founder, Marc Zeller, mentioned Gauntlet's invoicing process and a lack of coordination with the Aave team as areas of concern.

💼 **Gauntlet's Role:**

- Gauntlet was responsible for reviewing mechanical designs and creating simulations for Aave's risk management.

- The termination follows a recent $1.6 million contract renewal, approved through a governance vote.

🤝 **Mixed Feelings:**

- Gauntlet Vice President of Growth, Nick Cannon, expressed mixed feelings about leaving the partnership, acknowledging the value of the Aave collaboration.

📈 **Aave's Status:**

- Aave is currently the largest decentralized finance (DeFi) lending protocol, with a total value locked (TVL) of $9.5 billion.

🔄 **Transition Process:**

- The offboarding process is yet to be determined, but Gauntlet aims for a smooth and transparent transition.

🗣 **Community Reactions:**

- Community reactions to Gauntlet's departure from Aave have been mixed, reflecting various perspectives on the partnership.

📰 For more details and updates, stay tuned to the latest developments in the blockchain space.

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