The renewal of the $2.3 million contract between Gauntlet and Compound faces opposition.

Golden Finance reports that the contract renewal of the encryption lending platform Compound Finance with Gauntlet, worth $2.3 million, is facing opposition due to reasons such as “poor economic performance” and “conflicts of interest.” Before Gauntlet proposed the renewal, Bryan Colligan, founder and CEO of AlphaGrowth, posted on Compound's governance forum suggesting that Compound “should not rehire Gauntlet under the current model.” He raised four main criticisms, accusing Gauntlet of having “operational loopholes,” failing to maintain profitable collaborations with other platforms, as well as the aforementioned issues of “poor economic performance” and “conflicts of interest.”