Here’s why I am super bullish on
@eigenlayer
and the recent controversies doesn’t affect our trust on them.
I admire
@sreeramkannan
and team on a personal level for the deep research they have brought to the industry.
We have been receiving tremendous support from the
2021 : Copa America 🏆
2022 : FIFA World 🏆
2023 : Ballon d’Or 🏆
2024 : Copa America 🏆
There’s no way comparing Messi and Ronaldo.
The comparison is far from being salvageable.
A bow to the greatest of all time.
#GOAT
#ArgentinaCampe
ón
@TeamMessi
@LMessifanclub
🚨 We at
@chain_risk
are excited to announce our strategic partnership with
@arbitrum
, focused on improving DeFi economic security! 🚨
We're building the World's First Full Stack Economic Security platform for DeFi.
Here's more about the partnership👇🧵
Market Liquidity : A historical analysis of liquidity and interest rates for loanable funds markets on
@compoundfinance
,
@dYdX
and
@aave
.🧵
Figure 1 : Median of total supply of loanable funds in USD for the largest markets on Compound, Aave and dYdX, since each market’s
@BlackRock
's 20bn USD Capital Inflows are Siloed in
@coinbase
!
937 professional investors own > $11 billion in U.S. Bitcoin Spot ETFs.
But still Institutional Crypto Holdings are far less capital efficient than Institutional Fiat Holdings.
On the contrary, DeFi TVL is
2 folks from
@chain_risk
have been Nominated as speakers at
@Ethereum_JP
(ETH TOKYO) alongside EF folks 👀
Bullish on
@Varunx10
and
@AbhiMan1601
🔥
Dev and Research both at peak !
We are defining economic security 2.0
It feels so good to see the
@chain_risk
team together !
We have together walked through so many difficult phases ⚡️
Definitely one of the strongest team in the space 🔥
@chain_risk
hacker house is live ⚡️
10x more efficiency drives 100x better outcomes.
Kickass builders building in public.✈️
A lot of shippings upcoming 👀
At
@chain_risk
, we are pretty much Chain Agnostic. Given the fast pace growth of the MOVE ecosystems at
@Aptos
and
@movementlabsxyz
, we are quite bullish on the upcoming economic security systems that we are bringing to this ecosystem.
Some great work is being done by
spoke to a couple of
@gauntlet_xyz
folks at an event in Dubai about their outlook on M🌐VE-based chains. DeFi on Move chains has been growing and is expected to grow further quickly. The market dump has caused the TVL numbers to appear low on
@Aptos
.
They said they recently
What an excellent spaces it was ⚡️
Institutions and Bitcoin maxis have been risk averse for a long time.
DeFi poses tons of risk to them.
We at
@risk_layer
are at the forefront of creating a trustless middleware for them to deploy their capital safely :)
LFG🚀
@risk_layer
quantifies cross chain liquidity risks and serves it to app specific Rollups on top for building a completely different DeFi with inbuilt risk management.
@buildoneigen
#BTC
buidlers, check out the updates from the pioneering projects on
@nakamoto_hub
! 👇
1️⃣
@risk_layer
on Managing Risks in Cross-chain BTC Liquidity 💧
@0xriskyvision
shared key strategies for managing cross-chain BTC liquidity risks. RiskLayer's decentralized approach to
Team off-site at a location like this during
@CoinfestAsia
Bali !
We at
@chain_risk
have been working in stealth over the past few months but our hardwork is already putting a strong footing.
In the last 3 months we have started major work with
@compoundfinance
,
Raised Capital From a Global VC.
Turned Millionaire at 20.
Dropped Off IIT in 3rd Year.
Conducting our first Business Trip to
#TOKEN2049Week
Singapore.
Building a deep-tech security company.
Vision - " To create the value layer of Web3 Security "
;-)
Announcing our
@GyroStable
Risk Monitoring Community Dashboard !
Gyroscope is a Permissionless decentralised stablecoin protocol and the team is super experienced and serious about risks !
Another major step for
@chain_risk
in DeFi Risk Management.
We're delighted to announce
@victorJi15
as a speaker at the Bitcoin Roundtable @ Bali
@CoinfestAsia
! 🏝️
Victor is Co-Founder of
@mantanetwork
, the leading modular L2. He brings top-tier expertise as a venture capitalist & has been an early investor in major projects like Ont,
To set some context on why DeFi “Risk” inferences require an intersubjective consensus.
As
@sreeramkannan
& the
@eigenlayer
team have explained in their papers :-
What are intersubjectively attributable faults ?
1/ The fundamental attribute of intersubjectively attributable
We’re thrilled to announce
@YoannTurpin1
as a speaker at the Bitcoin Roundtable @ Bali
@CoinfestAsia
!
As co-founder of
@wintermute_t
, the leading crypto market maker, Yoann brings unmatched expertise. With 60+ investments, his insights will be key as we discuss onboarding the
1/ Protocols for Loanable Funds : A Thread on Interest Rate Models 🧵
PLFs facilitate the matching of would-be borrowers and lenders, with the interest rate set programmatically.🧑💻
Importantly, unlike peer-to-peer lending, funds are pooled, such that a lender may lend to a
🚨 We are thrilled to announce the successful completion of our 2nd milestone in Risk Simulation for Compound V3. 🚨
This marks a major step in our collaboration with
@compoundfinance
to enhance the protocol's resilience & security.
Institutional crypto holdings are far less capital efficient than institutional Fiat Holdings !
That’s where we at
@risk_layer
are making the biggest impact.
Creating a seamless bridge between institutions and DeFi :)
We are shipping like Crazy at
@chain_risk
which is making us highly competent alongside our other friends in Risk Management.
Big
@compoundfinance
updates coming soon ⚡️
Shippin crazy
@chain_risk
Working with Solidity on prod is daunting but all worth it when you remember the role you're playing in securing the DeFi space.
Spend the day building; spend the night testing 🚀
I am here to speak this out loud and clear !!!!!
Dropping out of college isn't a Flex.
DropOuts make it big only if they are at the right place at the right time.
It's a chance you can give to yourself to try out something tangible.
If it doesn't work out, fare enough. Return
@gauntlet_xyz
leaves
@aave
: A behind the scenes thread 🧵
21 Feb 2024 has been a shocking day for the entire DeFi Industry.
Let's breakdown the series of events that led to this.
Also, where is DeFi Economic Risk Management heading post the aftershock ?
Restaking Centralisation Risks : A Detailed Thread 🧵
I was recently going through the Bankless Episode of 2023 on Restaking.
I shall be extending today on one of the prevention methodologies of centralization risks in restaking mentioned in the ethereum research forum.
Economic Risks in AMMs : A Research Thread 🧵
Do AMMs face only smart contract risks ??
While AMMs like
@CurveFinance
and
@Uniswap
employ mathematical algorithms to set prices and are powered by user-provided liquidity pools, they deviate from the standard order book approach,
🧵DeFi Dark Day : A Risk Management Apocalypse 🚨
@RenzoProtocol
's $ezETH depegs making
@gauntlet_xyz
LRT core vault on
@MorphoLabs
insolvent leading to further bad-debt !
Poor risk parameter setting is becoming seemingly common in the industry.
Here's a summary of what
It was an honour to attend a panel with
@raopreetam_
and
@cyberboyIndia
.
Web3 security OJs of India to solve some of the toughest security issues in the blockchain sector !
Thanks a lot to
@dojimanetwork
for hosting this wonderful event.
Omni-chain/Cross-chain aggregations
1/ The UWU Lend Attack : A decryption thread for what happened on June 10-13 2024 🧵
Another major economic attack strikes DeFi ☠️
@UwU_Lend
, a decentralized lending protocol, had fallen victim to two consecutive attacks, resulting in significant losses.
Taking
@chain_risk
to Global Stage
@ETHDubaiConf
!
A Thread of a Visionary Voyage 🧵
It all started when I left
#IIT
, one of the most prestigious colleges in India with the vision to create the largest web3 security company in the world.
The first step being the
@AntlerIndia
📢Introducing
@chain_risk
's Economic Security Research, focusing on
@MakerDAO
and the broader stablecoin ecosystem !🛡️
We strive to solve an open research problem on
@ethereum
- " Formal Verification of Game Theoretic Models "
Find the full paper here -
Had a nice conversation with
@jdkanani
at his office !
Discussed about credibility, tech and big associations - The 3 Biggest Pillars of
@chain_risk
!
@ArkaDatta02
shared his
@0xPolygon
fellowship experience :)
Excited to get in early into the upcoming EVM rollup ecosystem powered by
@tezos
via
@etherlink
!
@PlendFinance
is a Lending and Borrowing protocol under the first cohort of
@etherlink
.
At
@chain_risk
, we will be handling the most intricate part of their protocol - risk
1/
@chain_risk
is excited to announce the onboarding of
@PlendFinance
to our economic risk management platform !
We are building the World's First Full Stack Economic Security platform for DeFi.
Here's more about the partnership👇🧵
Talk Less & Deliver Value !
Aim : To build great products and build at hyperscale.
Security is complex, needs to be simplified and served on table of shareholders.
Goal : To communicate risk in the language every stakeholder understands - money.
Why
@chain_risk
?
A thread🧵
Had a fantastic time meeting the future of internet at
#FILBangalore
today. Had a lot of takeaways :-
~ a great product is only a small part of a big picture
~ it's all about distribution
~ storytelling is what creates urgency (Thanks to
@AntlerIndia
)
@huddle01com
@Filecoin
Restaking Risks : An Empirical Research Thread 🧵
We at
@chain_risk
recently did a thorough analysis on the restaking risks on
@eigenlayer
.
We are making the deductions
#opensource
for the entire community to talk about.
Off to New Delhi ✈️
Any Web3 folks there, let’s catchup !
Btw, I am travelling to meet our Chief Scientist and my dear friend,
@AbhiMan1601
. He just returned from Canada and will be working with us on-site for the next few months :)
Together taking
@chain_risk
to new heights !
@gauntlet_xyz
joins
@MorphoLabs
after ditching longtime partner
@aave
: A Chronological Thread 🧵
If you folks think that this partnership started today, then probably you are wrong !
Media doesn't show the whole picture !
Let's deep dive into the reality.
Global companies are built with global connections.
Glimpse of my return from IIT Varanasi with the Director of Engineering at
@Cisco
.
I felt honoured to share the panel with him on cyber-security and decentralisation. 🛡️
Kaushik has been heading the development of products
Attempting to explain
@risk_layer
to a 5 year old 🤓
Suppose you want to put $5 into some investment strategies in DeFi.
Your only way to do that today is to create leverage/farming strategies of your own by sitting for hours and then back-test the risk and volatility of your
📢 All founders who registered to the conference will be able to meet with VCs on April 21st during our VC Speed Dating event.
Don't have a ticket? Make sure to register now to get in time.
Official VC partners include so far:
-
@BanklessVC
-
@IOSGVC
-
@OwlVentures
From tomorrow, things will change !
A lot of the work that we are Chainrisk were doing in stealth shall be brought public.
People usually don't usually talk about security in web3.
And a disclaimer - security is a lot beyond finding bugs in your smart contracts !
From
A Deeper Dive into the
@eigenlayer
Security Model :-
——————————————
Key Concepts
Operator Sets:
-> A group of operators delegated to perform specific tasks for an Active Validated Service (AVS).
-> Each operator can participate in multiple Operator Sets.
-> AVSs define the
The new
@eigenlayer
security model
—————————
—————————
Shortcomings of original security model
—————————
The original security model had the following structure: each operator can opt into a subset of AVSs, and the entire stake delegated to that operator
📢Speaker Announcement : A research sneak peak thread 🧵
I am honoured to be speaking at
@ETHDubaiConf
on 21st of April !
I will be speaking on the recent research paper we released on
@MakerDAO
-
“ Analysing games in Maker Protocol part one : A multi agent influence diagram
Excited to host this pretoken2049 warmup spaces with
@CosmosHOSS
@TyreeRobinson
and
@oraichain
!
Join us if you want to hear out how
@risk_layer
is integrating custom APIs to provide risk data for credit scoring, insurance, AVSs and LRTs among many others.⚡️
🚨 Join us tomorrow at 9:30 AM! 🚨
"Make DeFi Great Again" featuring
@risk_layer
! 🔥💼
Set your reminders, and don’t miss this! ⏰👇
🗓 Date: Friday
🕤 Time: 9:30 AM EDT
🎤 Special Guest:
@risk_layer
The Optimisation Problem : A Thread 🧵
In this thread, I have tried to maximise the profit of the attacker in the bZx pump attack through mathematical deductions. ➗✖️🟰➖
Strange event organised by
@layeredge
!
We were not allowed to enter despite all 4 of us having tickets and being well known by some other partners in the event.
Huge mis-management !
At Bitcoin Devcon
@BitcoinConfAsia
!
The excitement here is unbelievable. Looks like I am seeing early days of Ethereum back again but with much more retail use cases !
LFG 🚀
With
Bullish discussions with
@hackapreneur
on the upcoming RiskLayer by
@chain_risk
.
The Current LRT ecosystem poses a big risk of a future DeFi winter.
Given the scale of institutional adoption thats about to come to
@Bitcoin
and
@ethereum
, it needs to have a robust security
I had the privilege to speak at
@IIITSC
regarding my journey in starting-up at 20 and dropping out of IIT.
It was fun talking about startups, entrepreneurship, tech and of course, my favourite domain - cyber-security.
Although, it's a long way to go from here, but reaching here
Brewing interesting discussions between
@layeredge
and
@chain_risk
👀
Really inspired by their story and how they decided to build the next big L2 on
@Bitcoin
.
Amazed by their hospitality and groundedness even tho we missed a spot in their side event on Day1.
Bullish⚡️
So much to do for the entire
@risk_layer
team at
@token2049
Singapore 🇸🇬
We are to be part of 3 major events :-
-> Orchestration Eve by NodeOps (Sept 17th) -
-> Restaking & Infra Day (Sept 18th) -
-> Bitcoin Roundtable
Felt honoured and privileged to be invited as a guest speaker at IIM Ahmedabad.
One of the youngest founders pair in history to get invited at IIMA.
We really need good financial and economic researchers from IIM to improve the state of DeFi in web3.🚀
Flashloans and Flashot : A Thread 🧵🛡️
Introduction to an interesting way to breakdown a Flashloan Attack introduced by Shanghai Wanxiang Blockchain Inc in 2021.
Leaving BLR
Will Return Soon.
Laid down the building blocks of my own Business Empire.
5+ Clients Cracked
Generated Payouts in 6 Figures.
Prepared the white paper V1.0
Tens of Partnerships Cracked
Was the youngest to get invited at IIM A
Raising Pre-Seed
@chain_risk
Team flying is to
@BitcoinConfAsia
🇭🇰✈️
So what do we have on table for
@Bitcoin
ecosystem ?
Introducing “ The Bitcoin Risk Layer ” ⚡️
A DeFi security primitive on top of Bitcoin that ensures that all Economic Actors are rational and honest !
What’s even more
May has been a great month at
@chain_risk
! Only a testament to what is upcoming in June 👀
Also another big announcement is about to be made. So stay Tuned !
May has been one of the biggest months for Chainrisk Labs (
@chain_risk
)🔥
From research & innovation, product development to product integrations across several protocols and chains, it has been a roller-coaster ride for us!
So, what did we accomplish 👀
1. Research -
At
We at
@chain_risk
shall be speaking at
@ethbelgrade
regarding Economic Security in DeFi and Core protocol Layer and how we are shaping as pioneers in the industry !
Super excited for this 🚀
🔥 NEW SPEAKER ANNOUNCEMENT 🔥
Today, we welcome
@AbhiMan1601
, the head of research at
@chain_risk
, as he joins our awesome speaker list. 🙌
Abhimanyu will be discussing risk management and economic security in DeFi.
For all entrepreneurs !
We had been doing a common mistake at
@unsnarl_secure
.
This is commonly done by all first time founders.
Your brand is not what you sell but what the user wants to see you sell !
Brand != Product
Brand == Empathy for user's need
Sell Aspiration !
Why is time more precious than money ?
You can't take time as a loan/venture debt.
You can't borrow a lot of time against equity.
Time unlike money can only be invested in a bootstrapped methodology.
Simple rule - Invest every second to save the next few seconds ;)
#time
News 🛡️⚡
Get detailed insights into what Economic Security is all about as
@SymbioteSync
puts down their research on Holistic Risk Models and how we at
@chain_risk
are at the forefront of proactively handling it !
🛡️
@compoundfinance
x
@chain_risk
: A Proof of Work Thread 🧵
We at Chainrisk are integrating our economic risk engine with Compound v3.
This thread will keep a track of all the updates we push to the official forum at
cc
@0xA1176ec01045
Keep working so that one day your gallery looks like this.
Didn't graduate from both, but was invited as a speaker.
Was the youngest speaker at both the institutions.
;-)
Super excited to share that we have partnered with
@compoundfinance
to help them with top notch economic security research and risk tools !
@chain_risk
takes another step towards becoming a pioneer in the DeFi risk management space.
The recent Gauntlet <> AAVE rift has revealed
1/ We at
@chain_risk
are excited to announce the onboarding of the
@compoundfinance
community to our economic risk simulation tooling for V3 markets !
We are building the World's First Full Stack Economic Security platform for DeFi.
Here's more about the partnership 👇🧵
Onboarded
@ebisu_finance
for their on-chain risk management.
Ebisu is building the highest yield bearing stablecoin in DeFi collateralised by LRTs like
@RenzoProtocol
,
@ether_fi
and many more !
Proud to work with them on what’s most important for them 🛡️⚡️
1/
@chain_risk
is excited to announce the onboarding of
@ebisu_finance
to our Economic Risk Management Platform !
Chainrisk is building the World's First Full Stack Economic Security platform for DeFi.
Here's more about the partnership👇🧵
𝟭/ 𝗪𝗧𝗙 𝗶𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗔𝘂𝗱𝗶𝘁?
An Economic Audit is a deep dive into a DeFi platform's financial stability and risk management. It assesses factors like market volatility, liquidity, and smart contract risks to ensure the platform's safety and sustainability.