Gauntlet Terminates Services for Aave, Citing Challenges with Governance
The independent risk manager Gauntlet has decided to end its services for Aave, a decentralized autonomous organization (DAO) in the crypto space. Gauntlet co-founder John Morrow explained that the unclear instructions and goals of Aave’s governance model made it difficult for them to continue their work with the organization. Morrow highlighted the challenges faced by Gauntlet in navigating the DAO’s inconsistent guidelines and unwritten objectives. As a result, Gauntlet will terminate its payment stream and collaborate with other contributors to find a replacement for the Risk Steward role.
John Morrow Discusses Departure
Morrow shared his experiences working with Aave’s governance model, emphasizing the difficulties caused by inconsistent guidelines and unwritten objectives. He noted that while Aave had grown significantly over the years, it became increasingly challenging to navigate the decision-making process due to these issues. Morrow also mentioned the team’s struggles with duplicate proposals and unreasonable criticisms from the community during their collaboration.
Aave Community Leaders Respond to Gauntlet’s Exit
Ernesto Boado, Aave’s former CTO, expressed his confusion over Gauntlet’s decision, highlighting that criticism from the community was not uncommon but generally appreciated Gauntlet’s work. Marc Zeller, founder of Aave-Chan Initiative, criticized Morrow’s statement, suggesting it was an excuse for Gauntlet to explore other business opportunities. Zeller also mentioned that the community is actively seeking alternative service providers to fill the vacancy left by Gauntlet.
Hot Take: Gauntlet Ends Risk Management Role with Aave Citing ‘Inconsistent Guidelines’
Gauntlet has terminated its risk management services for Aave due to challenges arising from unclear instructions and goals within Aave’s governance model. This decision comes after years of collaboration, during which Gauntlet faced difficulties navigating the DAO’s inconsistent guidelines and unwritten objectives. Aave community leaders expressed mixed reactions to Gauntlet’s departure, with some questioning the rationale behind the decision and others suggesting it was a convenient excuse. The community is now actively seeking new service providers to fulfill the Risk Steward role within Aave.
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