What Is Risk Harbor?
Risk Harbor is a DeFi protocol risk management marketplace. It uses an automated, transparent, and impartial detection mechanism to protect liquidity providers and stakers from various risks associated with smart contracts, including hacks and attacks.
Background
Drew Patel and Raouf Ben-Har founded Risk Harbor in 2021. Risk Harbor has since rebranded to Subsea.
How It Works
Users who need coverage can purchase it by paying a premium. This coverage protects a wide range of risks which may differ from one protocol to another. Underwriters deposit USDC into Core Vaults, which cover multiple protocols. The Risk Harbor AMM handles coverage pricing and ensures that underwriters are not overly exposed to any pool in the vault. This is achieved by increasing the cost of protection as demand rises.
Risk Harbor’s main product is Risk Harbor Core, which provides coverage across five different blockchain networks: Ethereum, Arbitrum, Avalanche, Fantom, and Aurora.
Key Takeaways
- Risk Harbor is a DeFi protocol risk management marketplace founded in 2021.
- It protects liquidity providers and stakers from risks associated with smart contracts.
- Users can purchase coverage by paying a premium.
- Underwriters deposit USDC into Core Vaults, which cover multiple protocols, and the Risk Harbor AMM handles pricing.
- Risk Harbor Core, the main product, provides coverage across five blockchain networks: Ethereum, Arbitrum, Avalanche, Fantom, and Aurora.
