Bonzo Finance Partners with LWorks to Launch DeFi Lending on Hedera

December
5,
2024,
at
10
AM

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.

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. 

Brady
Gentile,
CEO
&
Co-Founder
of
Bonzo
Finance
Labs,
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,
the
CEO
of
Ledger
Works,
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.”

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: https://www.lworks.io 

Media
Contact

[email protected]

About
Bonzo
Finance

Bonzo
Finance,
an
open
source,
non-custodial
lending
protocol,
is
on
a
mission
to
become
The
Liquidity
Layer
of
Hedera
and
Supra.
Bonzo
prioritizes
censorship
resistance,
security,
and
self-custody,
enabling
users
to
transact
without
reliance
on
trusted
intermediaries
that
may
selectively
restrict
access.

Bonzo
Finance
utilizes
Supra
oracles
that
enable
accurate
and
reliable
price
feeds
for
the
lending
and
borrowing
of
assets,
ensuring
transparent
and
efficient
operations
within
the
protocol. 

For
more
information,
visit: https://bonzo.finance

Media
Contact:
[email protected]