Gauntlet vs Ventuals

Gauntlet is a financial risk management and protocol optimization platform that uses agent-based market simulations to stress-test DeFi protocols and optimize their economic parameters. As protocols in the Hyperliquid ecosystem scale their TVL in lending markets and liquidity vaults, Gauntlet's simulation engine models adversarial behaviors, market crashes, and oracle manipulation scenarios to identify parameter configurations that maximize capital efficiency while minimizing insolvency risk. Gauntlet provides ongoing risk management services—continuously updating protocol parameters like liquidation bonuses, borrow caps, and collateral ratios in response to changing market conditions. With a track record managing billions in risk across Aave, Compound, and other top DeFi protocols, Gauntlet brings institutional-grade risk science to the growing Hyperliquid DeFi ecosystem. Protocols that engage Gauntlet signal commitment to sustainable, risk-managed growth rather than aggressive TVL maximization at the expense of security.

Ventuals

Ventuals is a pioneering on-chain derivatives protocol built natively on Hyperliquid's HIP-3 infrastructure, focused on bringing private company valuations and pre-IPO markets to decentralized finance. By tokenizing equity-linked perpetual futures for private AI labs, tech platforms, and emerging hardware and automation companies, Ventuals creates a unified trading venue for assets previously inaccessible to on-chain participants. The protocol launched its vHYPE liquid staking vault in October 2025, attracting over $38 million in deposits within 30 minutes — a testament to demand for its novel market structure. Capital locked in the vHYPE vault funds collateral backing for Ventuals' HIP-3 perpetual markets, directly aligning staker incentives with protocol growth. Users can trade permissionless perps on pre-IPO company valuations, earn staking rewards on vHYPE deposits, and accumulate protocol points through trading volume and liquidity provision. Settlements leverage Hyperliquid's proven order book and clearing infrastructure, delivering the speed and transparency of a top-tier CEX with full on-chain settlement. Ventuals represents a new DeFi frontier: liquid, transparent derivatives on the private companies shaping the future of AI, hardware, and tech.

Choose Gauntlet if you...

• ✓Want a analytics & data solution on Multi-Layer
• ✓Need: Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM

Choose Ventuals if you...

• ✓Want a prediction markets solution on HIP-3
• ✓Need features like pre-IPO and perpetuals
• ✓Need: Pre-IPO perpetuals on HIP-3 — trade SpaceX, OpenAI, and more