Vesper Finance Partners With Gauntlet on On-Chain Risk Management
- Gauntlet’s risk management solution will consist of two components.
- The dashboard will show risk scores for all Vesper pools, while the lending risk model will determine collateral bechmarks.
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According to a Vesper press release, the partnership was approved by the Vesper community on 27 May based on the specifications of Gauntlet’s proposal. Gauntlet has previously worked with major DeFi protocols such as Balancer, Maker, Aave, and Compound to deliver optimization strategies that manage risk.
The company’s proposal consists of two components—a monitoring dashboard for strategies and a “lending risk model” for dynamic collateral allocation.
Gauntlet’s dashboard will enable users to see health metrics and risk scores on all Vesper pools, while the lending risk model will analyze several on-chain metrics to determine appropriate collateral benchmarks for taking out loans. In return, Gauntlet will take a 1.5% split from revenue on pools that integrate their technology.
Jordan Kruger, the co-founder and CEO of Vesper, said that the company is always looking for ways to improve its platform and deliver the best yields.
“Collaborating with Gauntlet helps deliver on this goal and in ways that are compatible with what the entire DeFi movement seeks to achieve — fully on-chain governance and management,” he said in the release.
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