London, United Kingdom, 01.09.2024 – Xerberus, a groundbreaking decentralized risk rating protocol, is proud to announce the successful funding of its latest proposal under Project Catalyst’s Fund 12. This grant, secured under the “Cardano Use Cases” category, will be used to significantly upgrade the front-end experience of the Xerberus platform, furthering its mission to make crypto risk transparent, actionable, and accessible.
Xerberus utilizes cutting-edge technologies such as Topological Data Analysis (TDA) and Graph Theory to offer decentralized and verifiable ratings for financial risks in crypto assets. These ratings empower users to make informed investment decisions, ensuring a more secure and transparent decentralized finance (DeFi) ecosystem.
Platform Upgrade Focus:
This funding will drive critical upgrades to the platform’s front-end, improving user navigation, accessibility, and overall user experience. Key enhancements include:
- Streamlined User Interface: Simplified access to critical financial risk data for both novice and experienced users.
- Faster Data Accessibility: Improved data visualization tools for better understanding of Xerberus’s decentralized risk ratings.
Xerberus’s Vision:
Xerberus envisions a future where every crypto investor can assess risk with the same precision and confidence as institutional investors. By creating transparent risk ratings on blockchain assets, Xerberus enables users to build their own indices or participate in index vaults, safeguarding investments against unseen risks in an unpredictable market. This proposal will bring the platform one step closer to becoming the DeFi risk standard.
Quote from the Xerberus Founding Team
“We are incredibly grateful to the Cardano community for believing in our vision,” said Simon, Co-Founder of Xerberus. “This funding allows us to create a user-centric platform that will transform how people understand and mitigate risks in the decentralized world. With this upgrade, we aim to make crypto safer for everyone, helping drive mass adoption.”
Looking Forward:
With the support of Project Catalyst, Xerberus will accelerate the development of its ecosystem and continue to lead in decentralized risk ratings. The enhanced platform is expected to launch at the end of September 2024, providing users with an unparalleled experience in DeFi risk management.
For more information about the Xerberus platform upgrade and its benefits, visit www.xerberus.io
Contact Information:
Xerberus Labs LTD
Level 30 Parker Russell,
Leadenhall Building, 122 Leadenhall Street,
London, United Kingdom, EC3V 4AB
