Decentralized finance can be high-risk, and for a long time, it has lacked the asset management tools and resources of the traditional finance world. Gauntlet, a company founded by two former Wall Street and Uber veterans, solves this problem by acting as a DeFi quant platform.
The company's aim has been to bring financial modelling and simulation to the growing DeFi economy. This forward thinking has paid off, with Gauntlet now valued at around $1 billion and serving some of the world's biggest crypto protocols - a testament to the value of its modelling.
Despite existing in the increasingly competitive DeFi space, Gauntlet's impressive valuation and client roster is an indicator of its staying power. As more and more people make the shift from Wall Street to Web 3.0, the company should have no trouble finding new opportunity for growth. Recently, it unveiled "Gauntlet Applied Research", a new research division that will support DAOs in the research and resolution of pressing protocol challenges.
Kirsty
Company Specialist at Welcome to the Jungle