Gauntlet Networks, a financial modeling and simulation platform for blockchains, has reached unicorn status after the latest funding round, Bloomberg reports.
It raked in $23.8 million during a funding round led by a fintech-focused Silicon Valley-based venture capital firm.
Tarun Chitra, an ex-programmer at multinational investment management firm D. E. Shaw & Co, launched Gauntlet Networks back in 2018. Chitra dipped his toes into blockchain and Bitcoin mining all the way back in 2011.
Originally launched as a ratings agency, the New Work-based company then pivoted to decentralized finance, calibrating risk parameters, setting risk parameters and optimizing collateral factors. In such a way, DeFi protocols can substantially improve their capital efficiency.
Paradigm, Polychain Capital, First Round Capital, and Coinbase Ventures are among the company’s top investors.
Its clients include such prominent DeFi projects as Aave, Synthetix and Compound. Some clients are willing to pay Gauntlet Networks millions a year in order to manage their risks. As reported by U.Today, Acala, a parachain on the Polkadot network, announced a partnership with Gauntlet Networks in April. Polychain Capital also plans to expand into the gaming sector.
Presently, the company has a 32-strong team, and Chitra claims that he plans to expand the team with the help of the freshly injected funding amid mushrooming demand for crypto analytics platforms.
Chitra claims that it is getting increasingly challenging to process data because of the growth of the sector.
The total value locked in Ethereum-based DeFi protocols currently stands at $110.8 billion, according to data provided by Defi Llama.
There’s Yet Another Crypto Unicorn
u.todayPublicado a 2022-03-15Actualizado a 2022-03-15
Resumen
Gauntlet Networks, a financial modeling and simulation platform for blockchains, has reached unicorn status after the latest funding round, Bloomberg reports.
Lecturas Relacionadas
Trading
Artículos destacados
Cómo comprar SNT
¡Bienvenido a HTX.com! Hemos hecho que comprar Status Network Token (SNT) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Status Network Token (SNT) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Status Network Token (SNT)Después de comprar tu Status Network Token (SNT), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Status Network Token (SNT)Tradear fácilmente con Status Network Token (SNT) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.
101 Vistas totalesPublicado en 2024.12.12Actualizado en 2026.06.02

Discusiones





