Gauntlet, a leader in DeFi risk management, has seen its total value locked (TVL) decrease by 22.84% over the past week, now standing at $1.325 billion. This decline, amounting to approximately $380 million, is attributed to the conclusion of OKX's pre-deposit promotion on the Katana chain, rather than broader market pressures. The outflow primarily involved stablecoins. Gauntlet noted that such short-term volatility is common following the end of incentive programs and changes in market conditions, with institutional risk managers equipped to handle these fluctuations. The firm has previously managed significant fund movements, such as a $775 million USDT deposit in October 2025, which normalized within ten days.