Gauntlet, formerly known as Byzmoto, is a crypto-focused financial modeling platform that uses battle-tested techniques from the algorithmic trading industry to inform on-chain protocol management.
Gauntlet’s mission is to help make blockchain protocols and smart contracts safer and more trustworthy for users.
Gauntlet was founded in 2018 by Tarun Chitra. The company is headquartered in New York, New York, with an office in San Francisco, California.
Gauntlet has created a blockchain simulation and testing platform that leverages battle tested techniques from other industries to build financial models of crypto products.
Gauntlet’s main product allows cryptocurrency projects and specifically decentralized finance (DeFi) platforms to run stress tests that can help them set optimal lending and collateral levels. Its Platform leverages agent-based simulation to tune a protocol's key parameters, improving capital efficiency, fees, risk, and incentives.
Gauntlet’s most notable clients are Aave (AAVE) and Compound (COMP), which are two of the largest DeFi projects based on market capitalization and total value locked.
Gauntlet is backed by Paradigm, Ribbit Capital, Coinbase Ventures, Polychain Capital, First Round, IA, Standard Crypto, and others. The company raised $23.8M in a Series B round on Mar 14, 2022. This brings Gauntlet's total funding to $31.2M to date. The latest round mints Gauntlet a unicorn with a valuation of $1B post-money.