Gauntlet receives grant from Uniswap foundation to enhance DAO incentive mechanisms
In recent years, DAOs have emerged as a fundamental aspect of the crypto market, and there are now over 2,300 DAOs according to DeepDAO, a DAO analytics provider
Gauntlet, a financial modelling platform focused on managing risks in the crypto market, has received a grant from Uniswap Foundation to enhance the incentive mechanisms of DAOs.
To achieve the goal, Gauntlet will establish a new unit called Gauntlet Applied Research, dedicated to addressing challenges arising from the rapid expansion of DAOs. The company employs economic models to optimise fees and rewards for DeFi protocols.
Gauntlet announced that it will offer UniswapDAO three research outputs. Firstly, it will create a quantitative framework that the DAO can use to assess the effectiveness of the Uniswap protocol. Secondly, it will analyse the behaviour of traders and liquidity providers. Thirdly, it will offer at least three proposals for incentive mechanisms to enable the DAO to reach its objectives. The company aims to finish all these deliverables by June.
Devin Walsh, the executive director of Uniswap Foundation, has high expectations for Gauntlet's research. He hopes that it will not only enhance the Uniswap protocol but also benefit the entire crypto industry.
Last Updated :
April 14, 23 11:07:51 AM IST