According to Foresight News, cryptocurrency risk management company Gauntlet has announced a partnership with its competitor, decentralized lending institution Morpho, less than a week after splitting from blockchain lending platform Aave. Under the new plan, Gauntlet will use a feature called MetaMorpho to create its own lending product, MorphoBlue. This service was launched by Morpho in January, allowing anyone to start lending pools for specific digital asset pairs.
Gauntlet initially signed a contract with Aave to help manage risk starting from 2021. However, Gauntlet co-founder John Morrow announced last week that they would part ways with Aave, citing in part that Aave wanted exclusivity from Gauntlet without paying for it.