Gauntlet's TVL Plunges 23% Amid OKX's Katana Campaign End
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Gauntlet, a leading decentralized finance risk management firm, experienced a significant drop in its total value locked (TVL), plunging nearly 23% over the past week. This drop, which wiped out around $380 million in value, was primarily due to the end of OKXs pre-deposit campaign on the Katana blockchain. Gauntlet, which acts as a risk consultant for DeFi protocols, has faced similar fluctuations before, such as a $775 million deposit that quadrupled TVL last October. Despite the recent drop, Gauntlet remains committed to maintaining steady rates and protecting supplies.
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