Gauntlet partners with rival Morpho for new lending products
Crypto risk manager Gauntlet has partnered with decentralized lender Morpho to create its own lending products using Morpho's service, MorphoBlue. This move was made after Gauntlet split from blockchain lending platform Aave. Gauntlet chose to work with Morpho due to their endorsement of a layered risk management approach, which is more efficient than Aave's traditional monolithic approach. The partnership also offers Gauntlet the potential to earn more money and greater flexibility. However, Gauntlet has lost support from Aave DAO due to their work with competitor Morpho, but denies any exclusivity agreement with them.
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