back Back

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

By Pavithra R

May 28, 2021

  • America
  • Vesper
Share

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.

Previous Article

May 28, 2021

Deepbridge Capital secures £15m commitment from British Business Investments

Read More
Next Article

May 31, 2021

Atom & Funding Circle to provide £300 mn of new funding to SMBs

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 07, 2025

Galoy unveils Lana to offer Bitcoin-backed lending for banks

Read More

February 04, 2025

Veefin Group acquires UAE-based TradeAssets to expand its offerings

Read More

February 04, 2025

Neonomics and FundingPartner to optimise real-estate payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More