Block Analitica Joins Chronicle to Strengthen the Security of DeFi
Block Analitica Joins Chronicle's Decentralized Validator Network
We are excited to announce that BA Labs (operating under the Block Analitica brand) has joined Chronicle’s Decentralized Validator Network, alongside Steakhouse Financial, Bitcoin Suisse, and others. As a Validator Node Operator, Block Analitica will help increase the security, decentralization, and resilience of DeFi on Ethereum and all blockchains supported by Chronicle.
Chronicle’s Decentralized Validator Network
Chronicle Protocol, the original oracle on Ethereum, is a novel, blockchain-agnostic Oracle solution securing Sky, Spark, Morpho, and approximately 20% of total value locked (TVL) on Ethereum. Chronicle’s mission is to deliver on DeFi’s vision of transparency and decentralization. By expanding its Decentralized Validator Network, Chronicle will bolster the ecosystem's security and resilience, better protecting the DeFi community from an Oracle hack or technical failure.
By only inviting reputable and proven actors to validate the network, Chronicle can offer an extra ‘proof of reputation’ layer of security on top of the innate security properties of distribution and decentralization. This cohort of validators (Block Analitica, Steakhouse Financial, and Bitcoin Suisse) joins a growing list of leaders in blockchain already charged with upholding network security and resilience, including Sky, Infura, Gitcoin, Etherscan, Gnosis, and others.
“Security and resilience are our primary concerns at Chronicle,” said Chronicle Founder Niklas Kunkel. “With such a large proportion of the total funds on Ethereum secured by Chronicle Oracles, it’s vital that we continue to strengthen the decentralization and reputation of the network of validators and encourage DeFi’s users that their funds are well protected from a consensus attack - an inherent risk with blockchain-based products.”
Block Analitica as Validator Node Operator
Established in 2018, Block Analitica is a dedicated risk management firm with extensive experience working with several communities in the DeFi ecosystem. From company launch until today, we have served as the risk management service provider for the Sky Ecosystem (fka MakerDAO). Over the course of our years of successful operation, we have expanded our services of bespoke dashboard development and risk consulting to a variety of protocols, including Morpho, Spark, Compound, Aave, Ajna, BadgerDAO, and Hyperdrive.
We are grateful for the trust placed in us and look forward to deepening our collaboration with Chronicle and its Decentralized Validator Network. By combining Block Analitica’s expertise in DeFi risk management, onchain data, and dashboard development with Chronicle’s innovative solutions and commitment to transparency and decentralization, we are confident this partnership will be highly successful.
“Many of our clients already trust Chronicle as an integral part of their tech stack. Joining Chronicle's Decentralized Validator Network will allow us to further contribute to their security, while helping to safeguard the integrity of the wider DeFi ecosystem.” - Monet Supply, Partner and Principal Risk Analyst at Block Analitica.