The Aave community voted to pass the ARFC proposal "Gauntlet renews its contract with Aave for 12 months"

According to the ARFC proposal, the Aave community has voted to pass the "12-month cooperation agreement renewal between Gauntlet and Aave", with a final support rate of 66.07%.

It is reported that DeFi risk manager Gauntlet initiated the proposal to continue market risk management, aiming to maximize capital efficiency and reduce bankruptcy and liquidation risks, thus achieving long-term sustainable development. In December last year, Gauntlet renewed its partnership with Aave, and the partnership will continue until December 28, 2023.

The functions provided by Gauntlet will cover Aave V2, AaveV3, GHO (new), and Insolvency Refund; the annual fee is 1.6 million US dollars, of which 50% will be paid in GHO and the remaining 50% will be paid in aUSDT.