Episode Details

Gauntlet, a leading decentralized finance risk management firm, experienced a significant drop in its total value locked (TVL), plunging nearly 23% over the past week. This drop, which wiped out around $380 million in value, was primarily due to the end of OKXs pre-deposit campaign on the Katana blockchain. Gauntlet, which acts as a risk consultant for DeFi protocols, has faced similar fluctuations before, such as a $775 million deposit that quadrupled TVL last October. Despite the recent drop, Gauntlet remains committed to maintaining steady rates and protecting supplies.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/7af3aef356f2bd41