Gauntlet

A typical Gauntlet engagement provides ongoing quantitative risk parameter optimisation for DeFi protocols — using agent-based simulation and quantitative finance methodology to model how the protocol's economic system behaves under stress conditions. Deliverables include parameter recommendations (collateral factors, liquidation thresholds, interest rate curves), risk reports, and ongoing monitoring. For major protocols, this is an ongoing service rather than a one-time project.

Gauntlet's risk management service is positioned as an ongoing engagement at six-figure annual rates for major protocols — reflecting the continuous nature of the work and the scale of TVL being protected. For protocols like Aave and Compound (with billions in TVL), the cost of a Gauntlet engagement is modest relative to the risk mitigation value. Specific pricing is determined by protocol complexity and TVL scale.

Gauntlet's publicly noted clients include Aave, Compound, Uniswap, and Balancer — the most significant lending and AMM protocols in DeFi by TVL. This client list reflects Gauntlet's positioning as the risk management partner for protocols where parameter miscalibration could trigger cascading liquidations or protocol insolvency at very large scale.

Gauntlet's core value proposition is ongoing risk management rather than point-in-time consulting — its engagement model is designed for continuous parameter monitoring and adjustment as market conditions evolve. Typical client relationships are measured in years rather than months. One-off engagements for initial tokenomics design or pre-launch parameter setting are available but are not the firm's primary model.

Gauntlet delivers quantitative risk parameter recommendations (specific numerical values for collateral factors, liquidation penalties, interest rate parameters), agent-based simulation reports documenting protocol behaviour under stress scenarios, and periodic risk assessments as market conditions change. For governance-driven protocols, Gauntlet's recommendations are typically submitted as governance proposals that the community votes on.

Gauntlet's six-figure annual engagement costs and focus on protocols with significant TVL make it less accessible for early-stage DeFi projects without substantial capital or user traction. Early-stage protocols building initial tokenomics and parameter frameworks may find Delphi Digital or independent tokenomics advisors more accessible entry points, with Gauntlet becoming relevant as TVL grows to a scale where professional risk management is clearly justified.