Sceptre & Ledger Works associate to re-invent danger administration for liquid staking


Sceptre & Ledger Works associate to re-invent danger administration for liquid staking

Could twenty eighth, 2024 at 3:00pm

Sceptre (“Sceptre”), a liquidity staking platform, is partnering with Ledger Works (“LWorks”) as their strategic danger associate for his or her liquid staking platform in each the Flare and Kava ecosystems

By partnering with LWorks, Sceptre will obtain complete danger administration protection for his or her platform. Sceptre operations will probably be supported by LWorks’ RiskOps-as-a-Service platform. Leveraging deterministic and stochastic fashions, network-wide simulations, and real-time market surveillance to help the safety and development of the platform

This enterprise-scale danger administration will place Sceptre ranges above every other protocol inside Flare ecosystems relating to market surveillance

LWorks affords built-in danger administration companies that mix cyber, operational, and monetary danger controls right into a unified dashboard with real-time computational fashions and guidelines that allow steady market surveillance for market-wide and decentralized finance (DeFi) protocol-specific dangers.

Key options of Ledger Works options for Sceptre will embody:

  • Actual-time market surveillance via intuitive dashboards and alerts

  • Cyber danger monitoring alerts to establish potential exploits and vulnerabilities

  • Operational danger monitoring alerts to establish protocol points proactively

  • Monetary danger modeling to foretell and reply to altering market exercise

  • Occasion response help companies throughout excessive market circumstances

LWorks is increasing its machine studying setting to leverage in depth information units, present guidelines, and monetary fashions. This initiative goals to supply sooner and more practical danger identification and response mechanisms.

In the meantime, Ledger Works has over 100 years of mixed expertise in safety, danger administration, and large information methods. Their CEO, David Melnick, held a nationwide associate function in Deloitte’s Enterprise Threat Providers observe earlier than launching Ledger Works. 

Steve Elfanbaum, the chief technical officer (CTO), beforehand was co-founder and principal at Asynchrony Options. On the identical time, their chief information scientist, Chintan Mehta, earned a Ph.D. from Princeton College and accomplished in depth postdoctoral work at Yale College. 

Initially collaborating with the staff whereas at Bridgewater Associates, Chintan brings his experience in deterministic and stochastic modeling to coordinate the engineering and information science efforts at Ledger Works.

Alexander Elhorst, a core contributor at Sceptre, states:

 “As a liquid staking protocol, it’s crucial for Sceptre to successfully handle danger to guard our customers and preserve wholesome, energetic markets. We’re thrilled to collaborate with the staff at Ledger Works to make sure that our danger technique allows us to do exactly that. With their providing of 24/7 market surveillance, experience in danger administration, safety, and information analytics, coupled with their skilled strategy, we’re assured that this partnership will propel Sceptre to even higher heights.”

David Melnick, the CEO of Ledger Works, added:

“The Ledger Works staff is happy to collaborate with Sceptre on their liquid staking protocol. Their innovation and professionalism align completely with our staff’s strategy to Threat Administration. By combining their DeFi expertise with our complete Threat Administration answer, we will ship a world-class providing to the market.”

About Ledger Works

Ledger Works companions with DeFi firms to operationalize next-generation danger administration options. By leveraging real-time computational guidelines, steady execution of deterministic and simulation fashions, and real-time market surveillance, Ledger Works empowers companies to show danger right into a aggressive benefit. For extra data, 
go to: https://www.lworks.io | Contact: [email protected]

About Sceptre

Sceptre’s liquid staking allows customers to stake belongings and obtain liquid tokens, like sFLR for wFLR/FLR, thus sustaining asset liquidity whereas incomes rewards. Sceptre enhances this course of by providing seamless integration with main networks, permitting stakers to amplify returns and interact in a wider ecosystem of decentralized finance (DeFi) companies. For extra data, 
go to: https://sceptre.fi  | Contact [email protected]

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