New DeFi Alliance: Gauntlet Partners with Morpho After Ditching Aave

Gauntlet, a risk management firm within the decentralized finance (DeFi) sector, has announced joining forces with the lending protocol Morpho.

This collaboration comes less than a week after Gauntlet unexpectedly terminated its relationship with Aave.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Crypto Mining Explained: How to Earn From Mining Bitcoin? (Animated)

SUBSCRIBE

ON YOUTUBE

Gauntlet's co-founder, John Morrow, expressed facing challenges with Aave, including navigating "inconsistent guidelines and unwritten objectives." This led to the dissolution of their partnership despite a recent $1.6 million contract.

The new collaboration introduces Gauntlet's venture into developing its lending products through MorphoBlue.

This innovative platform enables firms to establish their lending and borrowing pools, or "vaults," which departs from traditional lending protocol operations where external firms are engaged for risk management advice.

This differs from Aave's model, which operates under the governance of the AaveDAO, a decentralized autonomous organization.

Morpho's co-founder, Paul Frambot, has openly criticized Aave, accusing it of stifling Morpho's growth through competitive tactics while also positioning MorphoBlue as a formidable competitor to the leading DeFi lending services.

Frambot emphasizes Morpho's commitment to transparent incentives and superior user risk management.

As the DeFi space continues to evolve, the partnership between Gauntlet and Morpho signifies a new chapter in the quest for more autonomous, efficient, and user-centric lending protocols.

Another recent crypto collaboration happened between FinTech company Revolut and Solana's memecoin BONK, aiming to educate users on crypto.

Aaron S., Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Full Bio

All Expert Contributors & Analysts