IntoTheBlock, the blockchain data analytics firm, is thrilled to announce the alpha release of a new product for risk analysis in DeFi; The IntoTheBlock Risk Radar. The Risk Radar aims to shed light on the most relevant economic factors that can put DeFi deposits at risk of losses.
DeFi protocols have been a hotbed of activity in the blockchain industry, with many projects experiencing explosive growth over the past year. However, the potential risks in the sector have become more apparent with notable exploits such as the $115M attack on the Mango protocol, a $130M attack on Cream Finance by manipulating the value of esoteric collateral, and a $100M oracle manipulation attack that hit Compound back in 2020.
With the Risk Radar, IntoTheBlock seeks to offer its expertise in the field of risk management to provide greater transparency into the risks affecting lending protocols and help their teams and users navigate these in the best possible way.