Home web3.0 Chaos Labs Lands $55M to Enhance Onchain Risk Management in Defi

Chaos Labs Lands $55M to Enhance Onchain Risk Management in Defi

Aug 16, 2024 pm 12:43 PM
DeFi Chaos Labs Risk Management Series A Funding

Chaos Labs, a firm specializing in onchain risk management, security, and incentive strategies within decentralized finance (defi), has closed a $55 million Series A funding round.

Chaos Labs Lands M to Enhance Onchain Risk Management in Defi

onchain risk management platform Chaos Labs has raised $55 million in a Series A funding round led by Haun Ventures.

The funds will be used to advance Chaos Labs' technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols.

Chaos Labs has raised $55 million in a Series A funding round to advance its onchain risk management platform for decentralized finance (defi). The round was led by Haun Ventures, with participation from F-Prime Capital, Slow Ventures, and Spartan Capital. Existing backers Lightspeed Venture Partners and Galaxy Ventures also joined the round.

Chaos Labs, a company specializing in onchain risk management, security, and incentive strategies within defi, announced on Thursday that it has closed a $55 million Series A funding round. The investment was led by Haun Ventures, with participation from F-Prime Capital, Slow Ventures, and Spartan Capital. Existing backers like Lightspeed Venture Partners and Galaxy Ventures also contributed to the round.

“Today, we are thrilled to announce that Chaos Labs has successfully closed a $55 million Series A funding round, led by Haun Ventures,” Chaos Labs stated. “This pivotal investment will fuel our mission to enhance onchain economic security through innovative risk management solutions.”

The funds will be used to further enhance Chaos Labs' technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Founded to address the inherent risks in defi, Chaos Labs offers a platform that helps defi protocols optimize their parameters in a decentralized manner.

According to the startup, its technology is used by over 20 protocols, including Aave and GMX, to secure massive volumes — $860 billion in cumulative trading and $25 billion in loans. The company's services also extend to incentive optimization, including liquidity incentive programs and Sybil detection, which Chaos Labs believes are crucial for sustainable growth in the defi ecosystem.

What do you think about Chaos Labs raising $55 million? Share your thoughts and opinions about this subject in the comments section below.

Bitcoin.com News is seeking a News Writer to produce daily content on cryptocurrency, blockchain, and the digital currency ecosystem. If you are interested in becoming a key member of our innovative global team, apply here.

The above is the detailed content of Chaos Labs Lands $55M to Enhance Onchain Risk Management in Defi. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1663
14
PHP Tutorial
1266
29
C# Tutorial
1239
24
Cardano (ADA) Founder Charles Hoskinson Unveils Groundbreaking Bitcoin Integration, Opening New DeFi Opportunities Cardano (ADA) Founder Charles Hoskinson Unveils Groundbreaking Bitcoin Integration, Opening New DeFi Opportunities Oct 29, 2024 am 03:22 AM

Cardano's (ADA) founder, Charles Hoskinson, recently shared insights into a groundbreaking development for the blockchain: the integration of Bitcoin

New ICO Token Lunex Network Breaks $1m Target as Bitcoin Dominance Continues to Narrow New ICO Token Lunex Network Breaks $1m Target as Bitcoin Dominance Continues to Narrow Oct 28, 2024 pm 03:22 PM

Lunex Network is a promising new player in the decentralized finance (DeFi) space and has shattered its initial fundraising goals, raising nearly $1.2 million.

Dogecoin (DOGE) Rose 2.3% to $0.116 as Geopolitics Calm, but Experts Warn It May Face Challenges From DTX Exchange's $5.3M Presale Dogecoin (DOGE) Rose 2.3% to $0.116 as Geopolitics Calm, but Experts Warn It May Face Challenges From DTX Exchange's $5.3M Presale Oct 23, 2024 am 06:38 AM

Dogecoin (DOGE) rose 2.3% to $0.116 on October 15. Market is optimistic as geopolitics calm down. But experts say Dogecoin could be in trouble with

Hex Trust Partners with Stacks Asia Foundation to Enhance the Financial Utility of Bitcoin for Institutional Investors Hex Trust Partners with Stacks Asia Foundation to Enhance the Financial Utility of Bitcoin for Institutional Investors Nov 04, 2024 am 06:32 AM

Hex Trust, a leading fully-licensed provider of digital asset custody and markets services, has announced its partnership with the Stacks Asia Foundation

MakerDAO aims for stablecoin crown despite AI delay MakerDAO aims for stablecoin crown despite AI delay Oct 24, 2024 am 04:36 AM

Sky founder Rune Christensen said he made a “typical DeFi mistake” when he pushed a rebrand that saw the storied stablecoin issuer ditch the Maker name

5 Standout Tokens Positioned for Significant Growth This Month 5 Standout Tokens Positioned for Significant Growth This Month Oct 27, 2024 am 12:42 AM

From established names to innovative newcomers, these tokens showcase a mix of advanced technology, unique applications, and impressive gains.

Cutoshi (CUTO) Presale Now Live on CMC, Blending Memes and Defi Cutoshi (CUTO) Presale Now Live on CMC, Blending Memes and Defi Oct 27, 2024 pm 04:03 PM

After smashing its first presale stage and pulling in crypto whales from all corners of the market, Cutoshi is now listed on CMC.

Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge Nov 08, 2024 am 10:20 AM

FTX's collapse blew a bitcoin-sized hole in Solana DeFi. Can Coinbase's cbBTC finally fill it?