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
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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