⚡️ Aave and Gauntlet Part Ways Over Risk Management Services ⚡️
📅 Date: February 23, 2024
🔄 Partnership Dissolved:
- Aave, the decentralized lending platform, is parting ways with Gauntlet, its previous provider of risk management services.
- Gauntlet co-founder John Morrow announced the decision on AAVE forums.
🤝 Reason for Split:
- Strained relationship due to inconsistent guidelines and unwritten objectives from Aave DAO stakeholders.
- Incidents like the AIP-371 fiasco and Chaos on Optimism contributed to the decision.
- Gauntlet also mentioned perceived moonlighting for direct competition.
🔍 Gauntlet's View:
- Gauntlet is actively searching for a replacement and remains open to working with Aave/Avara in the future.
💬 Community Response:
- Former Aave Labs CTO Ernesto Boado and current community member disagreed with Gauntlet's portrayal of events.
- Marc Zeller, Aave DAO service provider, criticized Gauntlet's interpretation and shared that ACI is seeking candidates for a significant role with a $1.6 million budget.
🤝 Future Possibilities:
- Gauntlet open to collaboration with Aave/Avara in the future.
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