RiskLayer is built on the robust EigenLayer protocol and inherits Ethereum’s security. It has successfully raised a pre-seed round at an undisclosed amount. This milestone marks a key step in the project’s journey. RiskLayer aims to revolutionize economic security in the Web3 space within the decentralized finance (DeFi) landscape.

Builders Round Success

Prominent venture capital firms Antler and Momentum6 co-led RiskLayer’s ‘Builders round.’ The funding round also attracted investments from Wagmi Ventures, Hypotenuse Ventures, and notable angel investors, including Zircuit founder Richard Ma. This diverse group of backers underscores the confidence and interest in RiskLayer’s potential to reshape economic security in the Web3 space.

Chainrisk Labs’ Track Record

RiskLayer is developed by Chainrisk Labs, a team with a proven track record in economic risk management. The team manages over $10 billion in Assets Under Management (AUM). Chainrisk Labs has provided risk solutions to protocols like Compound and Angle Labs, as well as ecosystems such as Arbitrum and Fuel Network. This experience forms a strong foundation for RiskLayer’s ambitious goals.

Nitin Sharma, global co-lead for Web3 at Antler, shared his excitement about Chainrisk Labs’ rapid progress. He stated, “We are very excited about the momentum Chainrisk Labs has built, emerging as one of the most promising Web3 projects in economic security.”

Innovative Economic Security Solutions

RiskLayer introduces two distinct Actively Validated Services (AVS) on EigenLayer, Ethereum’s latest restaking protocol. These AVS address crucial economic security in the Web3 space, offering innovative solutions to complex problems.

Risk Oracle AVS: This service functions as a data provider for DeFi risk, utilizing a proof-of-risk consensus mechanism. By aggregating and analyzing risk-related data, Risk Oracle AVS aims to enhance the security and reliability of DeFi protocols.

Risk Rollup AVS: This service economically secures app-specific rollups created on RiskLayer, facilitating the development of structured financial products. These rollups, backed by Risk Rollup AVS, have the potential to be highly risk-intelligent, providing a secure foundation for various financial applications.

Bridging Institutions and Crypto

One of RiskLayer’s main objectives is to build the necessary infrastructure to bring traditional financial institutions into the crypto space. Ishaan Hiranandani, EigenLayer strategy lead, said this goal is central to RiskLayer’s mission. By offering strong economic security solutions, RiskLayer aims to create a safer, more attractive environment for institutional participation in crypto.

Industry Support and Vision

Nilotpal Mukherjee, founder of Symbiote and General Partner at Momentum6, praised the team’s dedication to solving economic security issues in Web3. He said, “I have been closely associated with the team since the beginning. Their maturity, understanding, and clarity in the space are unmatched. I wish them the best for their future milestones.”

This endorsement reflects the confidence that key industry players have in RiskLayer’s vision and capability to address significant economic security challenges.

The Future of Economic Security in Web3

RiskLayer takes an innovative approach to economic security in the Web3 space. Backed by major investors and Chainrisk Labs’ expertise, RiskLayer is a transformative player in the Web3 ecosystem. The project continues to develop and deploy solutions, aiming to enhance the safety and stability of DeFi and the broader crypto market.

By leveraging Ethereum’s security through EigenLayer, RiskLayer introduces groundbreaking services like Risk Oracle AVS and Risk Rollup AVS. These services set new standards for economic risk management, improving security for DeFi protocols and supporting greater institutional adoption of crypto assets.

In conclusion, RiskLayer’s successful funding round marks a pivotal moment for economic security in the Web3 space. Its pioneering solutions will shape the future of decentralized finance. As the project grows, it will play a key role in driving global crypto adoption.