NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) — RiskLayer, the DeFi Financial Safety AVS on Eigenlayer, has secured its ‘Builders round’ co-led by Antler and Momentum6 with participation from Wagmi Ventures, Hypotenuse ventures, and notable angels, together with Richard Ma (Founder, Zircuit), Ishaan 0x (Technique, Eigenlayer), Agnish Ghosh (Core, EthNimbus), Alex (Core Contributor, FranklinDAO) and Paul Taylor (Ex-Blackrock) amongst others. RiskLayer proposes two separate Actively Validates Providers (AVSs) on EigenLayer as an answer to key DeFi financial safety considerations. Chainrisk Labs, the builders behind RiskLayer, has secured over $10B in property underneath administration up to now, serving protocols like Compound, Angle Labs, Gyroscope, Ebisu Finance and full ecosystems from Arbitrum to Gasoline Community with their end-to-end Financial Danger Administration answer.
Accelerated by Symbiote, a number one Web3 accelerator, RiskLayer strives to scale the web’s shared safety and commercialise threat as a metric for DeFi, establishments, and customers to deploy capital with risk-optimised capital effectivity per market per asset, thereby unlocking the potential to spearhead the Complete Worth Locked (TVL) throughout the decentralised monetary market to attain new heights within the upcoming years.
In response to Nitin Sharma, Associate and World Co-lead for Web3 at Antler, “We are very excited about the momentum Chainrisk Labs has built quickly, to emerge as one of the most promising Web3 projects globally, when it comes to economic security. Having seen their journey from Day Zero as part of the Antler Fellowship, Sudipan, Arka and the team have shown real depth of research and thought leadership towards protecting DeFi protocols and investors with a robust simulation-based approach. Projects like Chainrisk are critical to the vision of taking DeFi mainstream”
“The team has been razor-focused on navigating the complex space and solving the multi-billion dollar problem in Web3, economic security, with their deep association with the Eigen ecosystem. Being associated with the team so closely since the start, I can confidently claim that their maturity, understanding and clarity of the space is unparalleled and wish the team all the luck for their future milestones,” stated Nilotpal Mukherjee, Founding father of Symbiote & Basic Associate Momentum6
The RiskLayer staff is commercialising threat as a metric, beforehand siloed between threat managers and protocols. That is akin to what Moody’s Analytics did in Web2. RiskLayer proposes two AVS – Danger Oracle AVS, the information supplier of DeFi threat, and the Danger Rollup AVS to serve application-specific wants on EigenLayer. Danger Oracle AVS utilises a “proof of risk” consensus to index the chance of a person per market per asset. Thereby, permitting any investor to entry this information and deploy capital effectively. Danger Rollup AVS economically secures app-specific rollups created on RiskLayer to construct a brand new set of structured monetary merchandise. These product rollups now have the potential to be risk-intelligent.
Sudipan Sinha, Core Contributor at RiskLayer and CEO at Chainrisk Labs, stated, “Economic security is being solved at the network level by EigenLayer. Gauntlet, Chaos Labs, Chainrisk Labs and other risk managers that solved it at the DeFi level. At RiskLayer, we abstract economic security from the protocol layer and scale it to the application layer. Institutions and users in DeFi have always had a hard time figuring out risk-optimised strategies. RiskLayer is taking one step at a time to make that onboarding experience trustless and hyper-efficient.”
In response to Ishaan Hiranandani, Technique Lead at EigenLayer :
“RiskLayer is building the risk infrastructure necessary to onboard institutions into crypto. By building on Eigenlayer, they are commercialising risk, which has always been a social data. Super excited to see a risk-intelligent DeFi coming ahead powered by the EigenLayer AVS stack.”
The corporate intends to make use of the funds to speed up the event of the AVS infrastructure and to arrange for its upcoming pre-staking launch.
About RiskLayer
RiskLayer is an financial safety middleware for DeFi constructed on the shared safety primitives of Eigenlayer. RiskLayer not solely broadcasts threat information throughout markets but in addition helps construct risk-intelligent DeFi on high. The promise is to construct an ecosystem the place traders and customers can belief deploying their capital into DeFi. RiskLayer is backed by Antler, Momentum6 and famend angels like Richard Ma (Founder, Zircuit), Alex (Core Contributor, FranklinDAO), Ishaan 0x (Technique, Eigenlayer), Agnish Ghosh (Core, EthNimbus), and Paul Taylor (Ex-Blackrock). For extra info, please go to https://risklayer.xyz
About Chainrisk Labs
Chainrisk Labs, the visionary builders behind RiskLayer, have been instrumental in advancing financial threat administration within the Web3 house. They’re actively managing over $10 billion in property, catering to distinguished protocols akin to Compound, Angle Labs, Gyroscope, Ebisu Finance, and full ecosystems from Arbitrum to Gasoline Community. Chainrisk Labs has constructed a full-stack financial safety platform that helps in financial audits and parameter suggestions for DeFi protocols. The corporate’s modern options have set a brand new commonplace for financial safety in decentralised finance (DeFi). For extra info, please go to https://www.chainrisk.cloud/
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