DAO investment management agreement Aera completes US$8 million in financing, led by Bain Capital Crypto

On October 26th, Tarun Chitra, the founder of DeFi risk manager Gauntlet, announced the completion of an $8 million financing round for his new startup Aera. The round was led by Bain Capital Crypto, with participation from Jump Trading. Aera is a decentralized protocol aimed at helping decentralized autonomous organizations (DAOs) manage their finances. Chitra stated that Aera's goal is to enable DAOs to quickly respond to market changes while not sacrificing decentralization principles, providing them with crowdsourced investment portfolio management advice.