ApeSwap has announced it is officially partnering with Gauntlet Networks, the largest and most prominent financial modeling platform in decentralized finance (DeFi).
Gauntlet’s in-depth simulations and data analysis will help ApeSwap better optimize its token emissions, leading to more efficient usage of liquidity and growth for the platform’s daily trading volume.
What is Gauntlet?
Gauntlet is a financial modeling platform that uses battle-tested techniques from the algorithmic trading industry to inform on-chain protocol management. To put it simply, Gauntlet leverages complex simulation models to help the biggest DeFi projects make better-informed, data-driven decisions on tokenomics and emissions. Gauntlet’s most recent fundraising round valued the business at $1 billion. Its team is stacked with data scientists, software engineers, simulation engineers and more to provide the jungle with the best, most accurate and deepest data insights for its entire BNB Chain decentralized exchange (DEX).
“We are proud to be Gauntlet’s first and only partner on BNB Chain, officially joining the ranks of their star-studded list of partners, including Aave, Maker’s Fund, Compound, SushiSwap and Balancer, to name a few,” said Apegineer, analyst for ApeSwap.
What does this mean for ApeSwap?
ApeSwap will be working closely with Gauntlet as it creates a series of both statistical and simulation-based models tailored to its DEX. These models will help it identify potential areas of improvement for ApeSwap’s yield farms. These models will cover both partner and blue-chip farms, ensuring the model is able to take into account the full picture of ApeSwap’s emission allocations to provide the protocol with more accurate recommendations consistently. This data will be used in order to adjust the allocation points — or multipliers — of farms on ApeSwap, allowing them to optimize better BANANA token emissions and garner liquidity that will be more actively utilized on the exchange, driving higher trading volume on the ApeSwap DEX.
Each week, Gauntlet will share its recommendations with the community, providing full transparency on any upcoming changes. Going forward, these changes will be posted on ApeSwap’s social media on Wednesdays and go into effect on Thursdays.
“We’re thrilled to have the opportunity to work with Gauntlet’s talented team of data scientists to improve the efficiency of ApeSwap’s DEX emissions and increase our trading volume,” said DK, co-founder and head of business development at ApeSwap.
Learn more about Gauntlet
ApeSwap is a decentralized autonomous organization (DAO) that offers a full suite of tools to explore and engage with DeFi opportunities. Using the products in its DeFi hub, users and partners can tap into the latest financial innovations in a secure, transparent, and globally accessible way.