Gauntlet Networks

A service dedicated to providing insights into protocols such as quantitative risk management and parameter optimization.

Basics

• Announced on:
• Mainnet release:
• Based in:
• From its website (19-10-2020):

"Gauntlet is a simulation platform for building financial models of blockchain protocols and applications."

Governance

• From Decrypt (15-10-2020):

"Dharma on Monday proposed to lower the threshold for submitting a proposal [to the Uniswap network] to alter the network from 10 million UNI (about $31 million, or a tenth of the market cap) to 3 million (about $1 million). It also wants to lower the amount of UNI the community must stake to pass a vote from 40 million UNI (~$120 million) to 30 million (about $90 million).

Others said, should the proposal pass when voting closes on October 19, it would be easier for Dharma and the other major proponent of the proposal, blockchain simulation company Gauntlet, to pass proposals, if they work together. That’s because Dharma and Gauntlet are big bagholders of UNI. The fear was that, should the proposal pass, Dharma, with backing from Gauntlet, would have enough power to follow through on its plans to use Uniswap’s treasury funds to pay its own community."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:

Other Projects

Area

• They are building a DAO treasury management tool called Area (12-2022).

Professional DAO Delegates

• From this blog (12-2022):

"Gauntlet is a team of 5, led by Matt (Paul, Nick, and 2 data analysts) which participate in the governance of the [following] DAOs:

MakerDAO, Compound, Aave, Uniswap, Synthetix, dYdX, Venus, Acala and two more.

They spend the majority of their time quantitatively analyzing protocols at Gauntlet Platform, and picking numerical parameters is the biggest advantage of Gauntlet. So, what makes them unique as a delegate is that they use their accumulated experience and analytical and technical skills to participate in governance."

Roadmap

• Can be found [Insert link here].

Usage

Less than a week after saying it will end its often contentious partnership with Aave, Gauntlet has teamed up with Morpho, a competing lending protocol (27-2-2024). Only two months after negotiating a one-year, $1.6 million contract with Aave DAO, Gauntlet COO and co-founder John Morrow said last week the firm will soon end its four-year relationship with the cooperative, citing “inconsistent guidelines and unwritten objectives.”

Team, Funding, Partners

Team

• Full team can be found here (19-10-2020).
• Tarun Chitra
• John Morrow; COO (27-2-2024)

Funding

• According to their website they have the following investors (19-10-2020):

Paradigm, First Round, Polychain Capital, IA Ventures, Coinbase Ventures, Dragonfly Capital Partners, Arthur Breitman and Roger Chen.

Partners 

• Polygon; part of the Protocol Council (18-10-2023).
• From the Acala blog (12-5-2021):

"Gauntlet will build a financial model for Karura with a focus on market risks like solvency and capital efficiency. This model will also be refined and extended for Acala on the Polkadot at launch."

• From Crypto Briefing (23-3-2021):

"Balancer is partnering with Gauntlet, a simulation platform for on-chain risk management. Using techniques developed in algorithmic trading, Gauntlet’s involvement in the automated market maker will optimize returns for Balancer V2 liquidity providers."

• Works together with DeFi Pulse on a grading system, DeFi Pulse Economic Safety Grade, to measure the risk of DeFi projects (14-10-2020).
• Is a member of the Chicago DeFi Alliance (8-7-2020).