Bonzo Finance and LWorks Join Forces to Set New Standards in Real-Time Risk Management for DeFi Lending on Hedera
Bonzo Finance, an open source, non-custodial lending protocol with a mission to become The Liquidity Layer of Hedera and Supra, has partnered with LedgerWorks (“LWorks”) to strengthen itself with best-in-class risk management solutions. Leveraging LWorks’ enterprise-grade RiskOps service driven by machine learning or AI-based advanced quantitative models, Bonzo Finance gains critical situational insights to bolster protocol resilience and optimize financial outcomes.
Through LWorks’ continuous Risk Parameter Recommendations for key metrics — including Collateral Factor, Liquidation Bonus, Reserve Factor, and Borrow Cap — Bonzo Finance can rely on LWorks machine learning (ML) algorithms, which perpetually make data-driven adjustments to optimize Bonzo’s lending and borrowing capabilities. Continuous monitoring and updates, powered by ML, enable these parameters to dynamically respond to market changes, enhancing both protection and performance across the Bonzo ecosystem.
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Additionally, LWorks will deploy Protocol and Market Surveillance, equipping Bonzo with proactive insights. Key features of LedgerWorks’ solutions for Bonzo Finance include:
- Real-time market surveillance through intuitive dashboards
- Risk-based business monitoring to identify operational risk
- Controls, including sophisticated ML financial risk models supporting protocol configuration, optimization, and risk management
These enterprise-grade analytics set Bonzo Finance apart in the DeFi space, establishing a strategic advantage. This partnership reflects a mutual commitment to continuous innovation, with LWorks investing in expanded AI capabilities to meet Bonzo’s evolving needs. LWorks continually develops new and innovative financial models to solve the toughest Web3 challenges.
Ledger Works has over 100 years of combined experience in security, risk management, and big data systems. Their CEO, David Melnick, held a national partner role in Deloitte’s Enterprise Risk Services practice before launching Ledger Works. Steve Elfanbaum, the chief technical officer (CTO), previously was co-founder and principal at Asynchrony Solutions.
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Brady Gentile states:
“Partnering with LedgerWorks represents a significant step forward in Bonzo Finance’s mission of becoming The Liquidity Layer of Hedera and Supra. Their enterprise-grade risk management solutions and deep expertise in quantitative modeling with machine learning and AI ensures protocol parameter optimizations in real-time, while maintaining the highest standards of security. This collaboration ensures Bonzo Finance stays at the forefront of DeFi innovation while providing users and DeFi ecosystems with a robust, well-protected lending environment.”
David Melnick added:
“We’re excited to welcome Bonzo Finance to our growing network of partners on Hedera, where we already collaborate with top platforms like SaucerSwap. Bonzo’s focus on secure, innovative solutions perfectly complements our mission to advance proactive risk management in DeFi. Together, by combining our RiskOps framework with Bonzo’s cutting-edge platform, we’re setting a new standard for resilience and risk intelligence in decentralized finance on Hedera.”
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Source – globenewswire
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