Blockchain
Aurigami Minimizes Risks in Proactive Precaution with Risk DAO
Dubai, United Arab Emirates–(Newsfile Corp. – August 24, 2022) – Aurigami has engaged Risk DAO to perform a comprehensive assessment of the protocol’s risk parameters, taking a proactive stance in tackling risks and boosting capital efficiency.
Image source: Aurigami
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Thanks to Risk DAO’s risk assessment framework, the Aurigami team was able to conduct a rigorous quantitative analysis and simulation of worst case scenarios for the protocol. The assessment showed that Aurigami has zero value at risk even in the most stressful situation, thanks to safe lending parameters that are matched to the available liquidity.
Aurigami has adopted some of Risk DAO’s recommendations based on its analysis, most notably to introduce borrow and lending caps for all the supported assets. The collateralization ratios of certain borrowable assets will also be revised to optimal levels, allowing sophisticated users to reach even higher levels of leverage and capital efficiency with the platform.
Aurigami and Risk DAO will continue to work together and manage risk on the lending protocol. Armed with a real-time analytics dashboard to monitor risk-related KPIs, built by Risk DAO in collaboration with Kyberswap, Aurigami will be able to quickly respond to changing liquidity environments.
Risk management has always been one of the highest priorities for Aurigami. The protocol already leads the pack with zero bad debt and zero insolvent accounts, as tracked by Risk DAO’s Bad Debt Dashboard which compares users risks across leading DeFi lending platforms.
Risk DAO is a service DAO spearheaded by B.Protocol and 1kx that focuses on providing a new, open source risk assessment framework and associated audits based on real historical data and projections based on current liquidity and potential price outcomes.
Aurigami is an Aurora-based lending protocol utilizing gamification and the concept of Liquid Locked Tokens to create a new, sustainable tokenomics model for liquidity mining. It is currently the third largest protocol by TVL on Aurora.
“Working with Risk DAO has been a breeze, and we’re excited to establish continuous risk assessment with their proprietary algorithms,” said Lucas Huang, Co-Founder of Aurigami. “Thanks to our collaboration, Aurigami will continue to be one of the safest and most efficient lending market, and we intend to keep it that way.”
About Aurigami
The Aurigami protocol enables users to lend, borrow, and earn interest with their digital assets. Depositors provide liquidity to the protocol to earn a passive income, while borrowers are able to borrow in an over-collateralized fashion. Aurigami is pioneering the concept of “Liquid Locked Tokens” to allow a DeFi-native solution for vested tokens. Aurigami is a proud recipient of Proximity Lab’s DeFi Grants.
Website | Medium | Discord | Telegram | Twitter | Docs
About Risk DAO
Risk DAO is a service DAO focused on providing a new, open source risk assessment framework and associated audits to DeFi lending and borrowing protocols as well as L1 networks.
Website | Medium | Discord | Twitter |
Contact
Co-founder
Lucas Huang
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134562
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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