DeFi
Antler leads round of manufacturers for RiskLayer development
RiskLayer announced its Builders Round, co-led by Antler and Momentum6, to develop a Challenge Security Middleware on EigenLayer. This initiative addresses key economic security concerns in the decentralized finance (DeFi) space.
This round includes participation from Wagmi Ventures, Hypotenuse Ventures and several notable angel investors.
New Funding Round Fuels RiskLayer’s AVS Infrastructure Development
RiskLayer plans to use the funds to accelerate the development of its active validation of services (AVS) infrastructure and prepare for an upcoming pre-staking launch. This will improve risk-optimized capital efficiency for DeFi protocols, institutions, and users.
The funding will support the development of two AVS on EigenLayerdesigned to address fundamental concerns about economic security in DeFi. These services aim to provide a robust framework for indexing and economically securing application-specific rollups.
Learn more: Ethereum Resttaking: What is it and how does it work?
RiskLayer is a cost-effective security middleware for DeFi built on EigenLayer Shared Security Primitivesdeveloped by Chainrisk Labs. It streams risk data across markets and helps build risk-smart DeFi.
The RiskLayer team aims to bridge the gap between economic security and practical DeFi applications by offering the RiskLayer Oracle AVS and Risk Rollup AVS. The Risk Oracle AVS leverages a “proof of risk” consensus to provide accessible and actionable risk data, enabling investors to deploy their capital more efficiently. At the same time, the Risk Rollup AVS focuses on cost-effectively securing application-specific rollups, enabling the development of risk-intelligent financial products.
In addition, the company offers comprehensive economic risk management solutions to protocols such as Compound, Angle Labs, Gyroscope and Ebisu Finance. Its approach covers entire ecosystems, including Arbitration and the fuel network. Sudipan Sinha, Senior Contributor at RiskLayer and CEO of Chainrisk Labs, highlighted the team’s strategic focus.
“Economic security is being resolved at network level by EigenLayer“At RiskLayer, we abstract economic security from the protocol layer and scale it to the application layer,” he said in a statement to BeInCrypto.
Learn more: What is EigenLayer?
TVL resumes. Source: Llama Challenge
Accelerated by Symbiote, RiskLayer aims to evolve the shared security of the Internet and commercialize risk as a metric. This approach aims to unlock new potential for total value locked (TVL) within the decentralized financial market. According to data from DefiLlama, TVL for the resttaking sector stands at $19.26 billion at the time of writing, with EigenLayer contributing $16.95 billion.
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