Gauntlet initiates the proposal to "renew the cooperation agreement with Aave for 12 months."

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.