Gauntlet Partners with NEAR Foundation to Develop New Governance Framework and Advance NEAR Ecosystem Development

Gauntlet, a DeFi research and risk management company, announced a partnership with the NEAR Foundation to help develop a new governance framework and promote the development of the NEAR ecosystem. Gauntlet's governance work will include 3 workstreams: designing a new structure centered on transparency, accountability, and efficiency; analyzing past grants to optimize ongoing programs; and promoting community participation and optimizing governance processes. In order to promote the development of its ecosystem, Gauntlet will become an active contributor to the NEAR ecosystem, evaluate the effectiveness of projects, and provide advice. Earlier, Gauntlet published a blog post on the market risks of LRT (liquidity re-staking tokens) as part of its collaboration with EigenLayer. The article pointed out that the overall TVL of LRT has increased significantly this year, climbing from US$300 million in January to more than US$10 billion in May. The article provides a framework for evaluating the market risks of LRT, focusing on four main risk attributes: external liquidity, withdrawals and withdrawal queues, LRT volatility, and DeFi risks.