Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$26.39KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $26.39K | -- | -- | -- |
| Sep 2026 | $36.43K | -- | -- | -- |
| Aug 2026 | $35.21K | -- | -- | -- |
| Jul 2026 | $43.95K | -- | -- | -- |
| Jun 2026 | $38.56K | -- | -- | -- |
| May 2026 | $36.88K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Gauntlet
Gauntlet is a crypto-native risk management and vault curation platform. Its core business is using simulation and stress-testing models to help DeFi protocols optimize risk parameters, and it also actively curates on-chain yield vaults for institutions, managing over $1.5 billion in assets.
Its core competitiveness lies in its quantitative modeling and simulation capabilities, built on 8+ years of experience managing risk for major DeFi protocols. It acts as a "vault curator" for the fragmented DeFi landscape, similar to how ETFs package assets in traditional finance, helping users access diversified yield strategies while dynamically adjusting risk exposure based on market conditions.
The market pain point it addresses is the high complexity and fragmentation of DeFi: users face isolated lending markets, unclear liquidation boundaries, and rapidly changing risk profiles. Gauntlet solves this by centralizing risk analysis and automating parameter adjustments, reducing the burden on individual users and DAOs.
In the past six months (2026-02-28 to 2026-08-29), Gauntlet launched new multi-strategy vaults like Gauntlet USD Alpha, expanding yield sources across chains including Base, Arbitrum, and Optimism. It also extended its stablecoin coverage beyond USD and EUR to include MXN and JPY. However, a notable negative development was the termination of its four-year partnership with Aave, citing inconsistent instructions from Aave DAO stakeholders and unclear written objectives, which highlighted challenges in DAO communication and service boundaries.
Founded in 2018 by quantitative traders, Gauntlet initially provided stress-testing and risk simulation for DeFi protocols, evolving from consulting into a SaaS model. In February 2024, it pivoted to on-chain vault curation, managing over $2.1 billion in assets today. Key milestones include: the July 2026 $125 million Series C led by SBI Holdings, signaling institutional recognition; the October 2025 USR attack, where most vaults remained unaffected and risk limits were promptly lifted, demonstrating crisis management capabilities; the partnership with FalconX to launch leveraged RWA strategies, marking a shift toward institutional-grade yield; and the renewed cooperation agreement with Compound, solidifying its position as a core risk infrastructure provider. Additionally, its collaboration with Pyth Network to enhance lending experiences on Ethereum and Base reflects its expansion into multi-chain risk management. These events collectively highlight Gauntlet's transition from a simulation platform to a global yield and risk management infrastructure layer.
Gauntlet's co-founders and current core executives include: Tarun Chitra (Co-founder & CEO), Rei Chiang (Co-founder & CTO), John Morrow (COO), Nicholas Cannon (Chief Business Officer), and Jesse Kao (Chief Financial Officer). Tarun previously worked at D.E. Shaw Research and Vatic Labs; Rei at Uber ATG and GETCO; John at Gigster, Microsoft, and Goldman Sachs; Nicholas at Lively and Bloqboard; Jesse at Point72 and Raymond James.
Recent team change at Gauntlet: Shaan Varia, who served as VP of Product, departed in May 2026 after joining in April 2021. His tenure spanned approximately five years, during which he contributed to product strategy and leadership.