DeFi
RiskLayer Announces Funding Round Led by Antler for
NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) — Risk layerDeFi 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 angel investors including Richard Ma (Founder, Zircuit), Ishaan 0x (Strategy, Eigenlayer), Agnish Ghosh (Core, EthNimbus), Alex (Senior Contributor, FranklinDAO) and Paul Taylor (ex-Blackrock) among others. RiskLayer offers two separate Active Validation Services (AVS) on Clean diaper as a solution to DeFi’s core economic security concerns. Chainrisk Labs, the developers behind RiskLayer, have secured over $10 billion 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 SymbioteA leading Web3 accelerator, RiskLayer strives to evolve the shared security of the Internet and commercialize risk as a metric for DeFi, institutions and users to deploy capital with risk-optimized capital efficiency by market and asset, unlocking the potential to drive the Total Value Locked (TVL) within the decentralized financial market to new heights in the years to come.
According to Nitin Sharma, Partner and Global Co-Head of Web3 at Antler, “We are very excited about the momentum Chainrisk Labs has quickly built to become one of the most promising Web3 projects in the world for economic security. Having followed their journey from day zero as part of the Antler Fellowship, Sudipan, Arka and the team have demonstrated real depth of research and thought leadership in protecting DeFi protocols and investors through a robust simulation-based approach. Projects like Chainrisk are essential to the vision of mainstreaming DeFi.”
“The team has been relentlessly focused on navigating the complex space and solving the multi-billion dollar problem of Web3, economic security, through their deep association with the Eigen ecosystem. Having been so closely associated with the team since the beginning, I can confidently say that their maturity, understanding and clarity of the space is second to none and I wish the team all the best in their future endeavors,” said Nilotpal Mukherjee, Founder of Symbiote and General Partner of Momentum6
The RiskLayer team is marketing risk as a metric, previously siloed between risk managers and protocols. This is similar to what Moody’s Analytics made in Web2. Risk layer offers two AVSs – Risk Oracle AVS, the DeFi risk data provider, and Risk Rollup AVS to address the specific needs of applications on EigenLayer. Risk Oracle AVS uses a “proof of risk” consensus to index a user’s risk by market and asset. This allows any investor to access this data and deploy their capital efficiently. Risk Rollup AVS economically secures application-specific rollups created on RiskLayer to create a new set of structured financial products. These product rollups now have the potential to be risk intelligent.
Sudipan Sinha, Senior Contributor at RiskLayer and CEO of Chainrisk Labs, “Economic security is solved at the network level by EigenLayer. Gauntlet, Chaos Labs, Chainrisk Labs, and other risk managers have solved the problem at the DeFi level. At RiskLayer, we abstract economic security from the protocol layer and scale it to the application layer. Institutions and DeFi users have always struggled to find risk-optimized strategies. RiskLayer is taking steps to make this onboarding experience trustless and hyper-efficient.”
According to Ishaan Hiranandani, Head of Strategy at EigenLayer:
“RiskLayer is building the risk infrastructure needed to bring institutions into crypto. By leveraging Eigenlayer, they are commercializing risk, which has always been a social commodity. I am very excited to see a risk-smart DeFi powered by the EigenLayer AVS stack.”
The company intends to use the funds to accelerate the development of AVS infrastructure and prepare for its next pre-staking launch.
About RiskLayer
RiskLayer is a cost-effective security middleware for DeFi built on Eigenlayer’s shared security primitives. RiskLayer not only streams risk data to markets, but also helps create a risk-intelligent DeFi. The promise is to create an ecosystem where investors and users can trust to deploy their capital in DeFi. RiskLayer is backed by Antler, Momentum6, and renowned angel investors 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 actively manage over $10 billion in assets, serving the needs of leading protocols such as Compound, Angle Labs, Gyroscope, Ebisu Finance, and entire ecosystems ranging from Arbitrum to Fuel Network. Chainrisk Labs has built a comprehensive economic security platform that helps with economic audits and parameter recommendations for DeFi protocols. The company’s innovative solutions have set a new standard for economic security in decentralized finance (DeFi). For more information, please visit: https://www.chainrisk.cloud/
A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/258a3cf1-e7ed-4f62-a89a-479291ac23b1
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
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DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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