RiskLayer Secures Funding in Builders Round to Enhance Economic Security Solutions in DeFi

RiskLayer, a notable player in the decentralized finance (DeFi) landscape, has announced the successful completion of its Builders Round fundraising, co-led by Antler and Momentum6. The round also saw participation from respected investors like Wagmi Ventures and Hypotenuse Ventures, with several angel investors lending their support. Key figures involved include Richard Ma, the founder of Zircuit, and other reputable professionals from the DeFi and Web3 spaces. This funding will be used to advance the development of their Economic Security middleware within the EigenLayer ecosystem.

The team at RiskLayer, part of Chainrisk Labs, aims to address crucial economic security issues in the DeFi space by providing innovative solutions. They propose two types of Actively Validates Services (AVSs): the Risk Oracle AVS, which provides users with valuable risk data, and the Risk Rollup AVS, designed for specific applications within the EigenLayer framework. With over $10 billion in assets currently managed, Chainrisk Labs has already proven its commitment to enhancing economic risk management for various DeFi protocols, including Compound and Gyroscope.

In backing RiskLayer, investors have expressed confidence in the company’s mission. They aim to improve how economic security is perceived and implemented in DeFi, similar to how major analysis firms functioned in traditional finance. As the company prepares for its pre-staking launch, it aspires to make deploying capital more efficient and trustworthy for users in the expanding crypto landscape. The vision for RiskLayer revolves around creating a robust ecosystem where risk measurement is seamlessly integrated into DeFi, encouraged by the growing interest in institutional investments in the crypto sector.