Gauntlet’s $2.3M contract renewal with Compound faces backlash
The renewal of Gauntlet’s $2.3M contract with crypto lending platform Compound Finance has been met with fierce pushback.
The renewal of Gauntlet’s $2.3M contract with crypto lending platform Compound Finance has been met with fierce pushback.
DeFi platform Compound is facing calls to onboard additional risk managers in response to a governance proposal by current manager Gauntlet.
The technique, known as a ‘front-end’ attack is a relatively common vector for crypto hackers and has impacted multiple projects in the past.
An upgrade has introduced a bug to Compound Finance, leaving the platform’s ~$830 million cETH market unusable.