Gauntlet and Compound's $2.3 Million Contract Renewal Faces Opposition

According to a report by Jinse Finance, the $2.3 million contract renewal between crypto lending platform Compound Finance and Gauntlet is facing opposition due to reasons such as "poor economic performance" and "conflicts of interest." Before Gauntlet submitted the renewal proposal, AlphaGrowth founder and CEO Bryan Colligan posted on Compound's governance forum, suggesting that Compound "should not rehire Gauntlet under the current model." He raised four main criticisms, accusing Gauntlet of having "operational flaws," failing to maintain profitable partnerships with other platforms, as well as the aforementioned issues of "poor economic performance" and "conflicts of interest."