Is Aera V2 Safe?
Risk Grade: B- (34/100)
Aera V2 is rated as moderate risk — some novel mechanisms, generally well-understood.
Low-to-moderate risk — built by a respected risk management team (Gauntlet) with strong audits, but off-chain guardian dependency and DeFi composability introduce structural risks that cannot be fully eliminated
Aera V2 is an automated treasury management protocol built by risk management firm Gauntlet. It lets DAOs and organizations deposit their treasury assets into noncustodial vaults where an AI-driven guardian algorithm automatically rebalances holdings to optimize returns. With about $42M under management, it has been audited by Spearbit and OpenZeppelin. Its B risk grade reflects solid security practices offset by the inherent risks of delegating treasury management to an off-chain algorithm.
TVL
$42M
Mechanisms
6
Interactions
5
Value Grade
F
Key Risks for Aera V2 Users
An off-chain algorithm (the 'guardian') controls how your money is invested. If this algorithm has a bug or makes bad decisions during unusual market conditions, vault value could drop significantly before anyone can stop it
The vaults invest in other DeFi protocols. If one of those underlying protocols gets hacked, money deposited there through Aera could be lost with no way to recover it
Changing the guardian's rules requires the vault owner (often a slow DAO governance process) to act. In a fast-moving crisis, this delay could mean the difference between small and large losses
Top Risk Factors
- •Off-chain guardian algorithm controls all vault rebalancing — errors in the off-chain code could submit incorrect operations that drain vault value before the owner can react
- •Guardian actions are bounded by whitelists but cannot anticipate every possible market condition, creating edge cases where the guardian may be unable to protect against depegs or exploits in underlying assets
- •Oracle-dependent safeguards rely on on-chain price feeds for less liquid assets on smaller chains, where oracle quality and update frequency may be insufficient
Risk Score Breakdown
Aera V2's highest risk area is Vitality Risk (9/10). Here's how each dimension contributes to the overall 34/100 score:
Read the Full Aera V2 Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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