Kinetic, the Premier Lending Protocol in Flare, Selects Ledger Works’ NextGen FinTech

Kinetic,
the
premier
algorithmic
non-custodial
lending
platform
on
the
Flare
Network,
is
partnering
with
Ledger
Works
(“LWorks”)
to
enhance
its
risk
management
strategy.

By
integrating
with
LWorks’
RiskOps-as-a-Service
environment,
Kinetic
will
benefit
from
continuous
execution
of
machine
learning-based
models
and
continuous
controls
monitoring
(CCM)
for
protocol
and
market
surveillance,
improving
situational
awareness
and
more
effectively
managing
market
risk. 

LWorks
will
support
Kinetic
with
quantitatively
defined
parameter
recommendations
for
collateral
factors,
borrowing
limits,
and
more.
The
use
of
deterministic
and
stochastic
models,
network-wide
simulations,
and
real-time
market
surveillance
will
help
Kinetic
minimize
market
challenges.

This
enterprise-scale
risk
management
solution
will
elevate
Kinetic
above
other
cross-chain
lenders.
LWorks
provides
integrated
risk
management
services
that
combine
business,
protocol,
and
market
financial
risk
controls
into
a
unified
dashboard
with
real-time
computational
models
and
rules,
enabling
continuous
protocol
and
market
surveillance.
Key
features
of
LWorks’
solutions
for
Kinetic
include:

• 
  Real-time
  market
  surveillance
  through
  intuitive
  dashboards
  and
  alerts.
  
• 
  Risk-based
  business
  monitoring
  to
  identify
  operational
  vulnerabilities.
  
• 
  Comprehensive
  protocol
  alerts
  for
  proactive
  smart
  contract
  issue
  identification.
  
• 
  Advanced
  ML-based
  financial
  risk
  models
  for
  protocol
  configuration,
  optimization,
  and
  risk
  management.

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. 

Their
chief
data
scientist,
Chintan
Mehta,
earned
a
Ph.D.
from
Princeton
University
and
completed
extensive
postdoctoral
work
at
Yale
University.
Initially
collaborating
with
the
team
while
at
Bridgewater
Associates,
Chintan
brings
his
expertise
in
deterministic
and
stochastic
modeling
to
coordinate
the
engineering
and
data
science
efforts
at
Ledger
Works.

Jake
Hunsbusher,
a
core
contributor
at
Kinetic,
states:

“For
a
lending
protocol,
security
is
paramount.
You
do
not
just
want
to
check
a
few
boxes
and
move
on,
you
want
near-constant
support
and
surveillance
of
what
is
currently
happening
on
the
network.
Ledger
Works
provides
an
active
approach
to
risk
management
which
is
essential
for
identifying
and
stopping
issues
before
they
begin.
We
are
excited
to
be
working
with
them
and
to
incorporate
their
expertise
into
our
platform.”

David
Melnick,
the
CEO
of
Ledger
Works,
added:

“The
Ledger
Works
team
is
excited
to
collaborate
with
Kinetic.
Their
innovation
and
professionalism
align
perfectly
with
our
team’s
approach
to
Risk
Management.
By
combining
their
DeFi
experience
with
our
comprehensive
Risk
Management
solution,
we
can
create
added
value
for
their
customers
and
the
broader
Polygon
community.”

About
Ledger
Works

Ledger
Works
helps
our
customers
focus
on
growing
their
Web3
business
while
we
run
their
Risk
Operations.
Today
more
than
ever,
our
customers’
success
requires
effective
Risk
Management.
As
their
strategic
risk
partner,
we
help
optimize
financial
performance
while
minimizing
risk
of
loss.
By
leveraging
real-time
computational
rules,
continuous
execution
of
deterministic
and
simulation
models,
and
real-time
market
surveillance,
Ledger
Works
empowers
businesses
to
turn
risk
into
a
competitive
advantage. 

For
more
information,
visit: lworks.io

Contact

[email protected]

About
Kinetic

Kinetic,
the
premier
lending
protocol
on
the
Flare
Network,
allows
users
to
engage
in
permissionless
lending
and
borrowing
of
digital
assets
on
the
Flare
Network.
Experience
a
secure
and
flexible
financial
ecosystem,
earn
yield
by
lending
assets,
gain
leverage
by
borrowing,
all
without
relying
on
a
third
party.