Gauntlet, a major DeFi risk management protocol, experienced a $380 million capital outflow following the conclusion of an OKX crypto incentive campaign. The company reported that deposit levels have returned to the same levels that existed before the campaign began.
The withdrawal represents a significant capital movement within the DeFi ecosystem, highlighting how incentive campaigns can create temporary liquidity influxes that reverse when programs end. Gauntlet specializes in risk management services for decentralized finance protocols, helping optimize parameters and manage protocol risks.