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Vesper Finance and Gauntlet partner for continuous on-chain risk management

By Pavithra R

May 28, 2021

  • America
  • Vesper

Vesper Finance and Gauntlet partner for continuous on-chain risk managementVesper, dedicated to creating and supporting the conditions for DeFi’s expansion and success has announced that its community has authorized a strategic collaboration with Gauntlet to maximize efficiency and minimize risk through automated collateral management.

Gauntlet is a simulation platform for building financial models of blockchain protocols and applications. The company’s mission is to help make blockchain protocols and smart contracts safer and more trustworthy for users.

Gauntlet known for its previous work with major DeFi protocols like Maker, Aave, and Compound will deliver optimization of Vesper strategies that use on-chain lending to generate yield. By tracking market activity like available liquidity, transaction costs, volatility, and other factors, Vesper strategies can more efficiently deploy capital.

“All the way down to its contracts, Vesper has been designed for incentive alignment. Our partnership is no different. Gauntlet is eager to onboard new strategies, provide risk-managed rails, and accelerate protocol growth,” said Nick Cannon, head of growth at Gauntlet.

The alliance will not only enable superior capital efficiency but will also work to further secure funds that are deployed through these DeFi platforms. The collaboration allows for better-optimized strategies across Vesper pools.

“Vesper is always looking for the best ways to improve its platform and deliver the best possible yield performance for its community, which ranges from crypto-enthusiasts to professional investors. 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,” said Jordan Kruger, co-founder and CEO of Vesper.

Vesper Finance is a DeFi ecosystem and growth engine for crypto assets, providing a suite of yield-generating products focused on accessibility, optimization, and longevity. It is dedicated to creating and supporting the conditions for DeFi’s expansion and success, to the benefit of all participants.

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