Tashi Finance and Ledger Works partner to reinvent risk management for DeFi lending.
Tashi Finance (“Tashi”), a non-custodial liquidity marketplace, has partnered with Ledger Works (“LWorks”) as a strategic risk partner for a lending/lending platform for the Cosmos ecosystem, enabling seamless cross-chain trading and interchain DeFi. potential power.
Through its partnership with LWorks, Tashi will receive comprehensive risk management coverage for each market listed on the platform. Currently these include evmos (EVMOS), Cosmos (ATOM), Wormhole Ethereum (WETH), Wormhole bitcoin (WBTC), usdt (USDT), and usdc (USDC).
Tashi operations are supported by LWorks’ quantitatively defined parameter recommendations for collateral factors, borrowing limits, etc. By leveraging deterministic and stochastic models, network-wide simulations, and real-time market surveillance, Tashi is able to minimize market issues.
This enterprise-scale risk management places Tashi level higher than other protocols within the Cosmos ecosystem when it comes to market surveillance. Additionally, Ledger Works’ suite of solutions optimizes overall protocol efficiency by informing the optimal lending terms for the Tashi marketplace.
LWorks provides integrated risk management services that combine cyber, operational and financial risk controls into a unified dashboard with real-time computational models and rules that enable continuous market surveillance of market-wide and decentralized finance (DeFi) protocol-specific risks. do.
Key features of the Ledger Works solution for Tashi include:
Real-time market monitoring through intuitive dashboards and notifications.
Cyber risk monitoring alerts to identify potential exploits and vulnerabilities.
Operational risk monitoring alerts to proactively identify protocol issues.
Recommendations on financial risk parameters including collateral factors, reserve factors and borrowing limits.
We provide event response support services in extreme market conditions.
LWorks is expanding its machine learning environment to leverage a wide range of data sets, existing rules, and financial models. The goal of this initiative is to provide faster and more effective risk identification and response mechanisms.
Meanwhile, Ledger Works has over 100 years of experience in security, risk management, and big data systems. Prior to launching Ledger Works, CEO David Melnick served as a national partner in Deloitte’s Enterprise Risk Services practice.
Steve Elfanbaum, Chief Technology Officer (CTO), was previously co-founder and principal of Asynchrony Solutions. At the same time, our senior data scientist, Chintan Mehta, earned his Ph.D. He received his bachelor’s degree from Princeton University and completed extensive postdoctoral training at Yale University.
Initially working with the team at Bridgewater Associates, Chintan leverages his expertise in deterministic and probabilistic modeling to coordinate engineering and data science activities at Ledger Works.
Kristine Boulton, a key Tashi contributor, says:
“As a lending protocol, it is essential for Tashi to manage risk effectively to protect users and maintain a healthy and active market. We are excited to work with the Ledger Works team to help us do this with our risk strategy. With our expertise and professional approach to 24/7 market surveillance, risk management, security and data analytics, we are confident that this partnership will take the Tashi and Evmos ecosystems to even greater heights.”
David Melnick, CEO of Ledger Works, added:
“The Ledger Works team is excited to collaborate with Tashi on the DeFi lending protocol. Their innovation and expertise align perfectly with our team’s approach to risk management. By combining our DeFi experience with comprehensive risk management solutions, we can deliver a world-class product to the market.”
Introduction to Leisure Works
Ledger Works partners with DeFi companies to operate next-generation risk management solutions. Ledger Works leverages real-time computational rules, continuous execution of deterministic and simulation models, and real-time market surveillance to help companies turn risk into competitive advantage.
For more information, please visit: https://www.lworks.io
contact
(email protected)
About Tasi
Tashi is an innovative non-custodial liquidity marketplace that facilitates the lending and borrowing of digital assets. Based on the Evmos ecosystem, Tashi supports the growth of Cosmos.
For more information, please visit: https://tashi.market
contact
(email protected)
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