Gauntlet's $2.3 million contract renewal with Compound faces opposition

Jinse Finance reported that 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 "conflict of interest." Before Gauntlet submitted the renewal proposal, Alpha Growth 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 "operational loopholes," failing to maintain profitable partnerships with other platforms, as well as the aforementioned issues of "poor economic performance" and "conflict of interest."