RiskLayer has announced a new partnership with Chainsight as their data partner. The collaboration is aimed at enhancing data-driven risk management within the DeFi sector. This partnership marks a step forward in combining real-time risk metrics with flexible, custom data solutions, enabling improved security and efficiency for decentralized finance applications.
Objectives & Scope of Collaboration
The primary objective of the partnership is to set a new standard for DeFi risk management. By integrating Chainsight's custom data feeds with RiskLayer's risk scoring mechanisms, the collaboration focuses on:
- Enabling developers to build custom oracles using a mix of on-chain and off-chain data, along with advanced analytics.
- Providing real-time risk metrics through RiskLayer’s network of decentralized risk nodes, ensuring robust risk management for various DeFi protocols.
- Enhancing security across DeFi applications by offering comprehensive, data-backed risk assessments, making protocols safer for both institutional and retail investors.
Conclusion
The partnership between Chainsight and RiskLayer brings together cutting-edge data solutions and robust risk management, setting the stage for safer, more reliable DeFi applications. This collaboration emphasizes their commitment to driving the DeFi ecosystem forward by providing tools that promote security, transparency, and scalability.
About RiskLayer
RiskLayer is a decentralized risk quantification platform operating on EigenLayer, providing risk assessments across major sectors such as DeFi, AVSs, and omnichain finance. Utilizing a novel Proof of Risk Consensus, RiskLayer enables real-time validation and computation of risk metrics, ensuring robust risk management for the industry.
About Chainsight
Chainsight specializes in modular data solutions, empowering developers to build custom oracles that seamlessly integrate on-chain, off-chain, and advanced analytics. With versatile data feeds, Chainsight enables instant computation of key financial metrics, making it a valuable partner in enhancing DeFi security and performance. Together, RiskLayer and Chainsight are paving the way for stronger, data-driven DeFi applications.