RiskLayer announces its Builders Round led by Antler for building a DeFi Security Middleware on EigenLayer
2024年7月25日 - 8:11PM
RiskLayer, the DeFi Economic Security AVS on Eigenlayer, has
secured its ‘Builders round’ co-led by Antler and Momentum6 with
participation from Wagmi Ventures, Hypotenuse ventures, and notable
angels, including Richard Ma (Founder, Zircuit), Ishaan 0x
(Strategy, Eigenlayer), Agnish Ghosh (Core, EthNimbus), Alex (Core
Contributor, FranklinDAO) and Paul Taylor (Ex-Blackrock) among
others. RiskLayer proposes two separate Actively Validates Services
(AVSs) on EigenLayer as a solution to key DeFi economic security
concerns. Chainrisk Labs, the developers behind RiskLayer, has
secured over $10B in assets under management to date, serving
protocols like Compound, Angle Labs, Gyroscope, Ebisu Finance and
entire ecosystems from Arbitrum to Fuel Network with their
end-to-end Economic Risk Management solution.
Accelerated by Symbiote, a leading Web3 accelerator, RiskLayer
strives to scale the internet’s shared security and commercialise
risk as a metric for DeFi, institutions, and users to deploy
capital with risk-optimised capital efficiency per market per
asset, thereby unlocking the potential to spearhead the Total Value
Locked (TVL) within the decentralised financial market to achieve
new heights in the upcoming years.
According to Nitin Sharma, Partner and Global 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,” said Nilotpal Mukherjee, Founder of
Symbiote & General Partner Momentum6
The RiskLayer team is commercialising risk as a metric,
previously siloed between risk managers and protocols. This is akin
to what Moody’s Analytics did in Web2. RiskLayer proposes two AVS -
Risk Oracle AVS, the data provider of DeFi risk, and the Risk
Rollup AVS to serve application-specific needs on EigenLayer. Risk
Oracle AVS utilises a “proof of risk” consensus to index the risk
of a user per market per asset. Thereby, allowing any investor to
access this data and deploy capital efficiently. Risk Rollup AVS
economically secures app-specific rollups created on RiskLayer to
build a new set of structured financial products. These product
rollups now have the potential to be risk-intelligent.
Sudipan Sinha, Core Contributor at RiskLayer and CEO at
Chainrisk Labs, said, “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.”
According to Ishaan Hiranandani, Strategy 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 company intends to use the funds to accelerate the
development of the AVS infrastructure and to prepare for its
upcoming pre-staking launch. About RiskLayer
RiskLayer is an economic security middleware for DeFi built on
the shared security primitives of Eigenlayer. RiskLayer not only
broadcasts risk data across markets but also helps build
risk-intelligent DeFi on top. The promise is to build an ecosystem
where investors and users can trust deploying their capital into
DeFi. RiskLayer is backed by Antler, Momentum6 and renowned angels
like Richard Ma (Founder, Zircuit), Alex (Core Contributor,
FranklinDAO), Ishaan 0x (Strategy, Eigenlayer), Agnish Ghosh (Core,
EthNimbus), and Paul Taylor (Ex-Blackrock). For more information,
please visit https://risklayer.xyz About Chainrisk
Labs
Chainrisk Labs, the visionary developers behind RiskLayer, have
been instrumental in advancing economic risk management in the Web3
space. They are actively managing over $10 billion in assets,
catering to prominent protocols such as Compound, Angle Labs,
Gyroscope, Ebisu Finance, and entire ecosystems from Arbitrum to
Fuel Network. Chainrisk Labs has built a full-stack economic
security platform that helps in economic audits and parameter
recommendations for DeFi protocols. The company’s innovative
solutions have set a new standard for economic security in
decentralised finance (DeFi). For more information, please visit
https://www.chainrisk.cloud/
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/258a3cf1-e7ed-4f62-a89a-479291ac23b1
INQUIRIES:
For all requests, please contact publicist David Cash at david@cashlabs.io