Sceptre & Ledger Works partner to re-invent risk management for liquid staking

Sceptre
&
Ledger
Works
partner
to
re-invent
risk
management
for
liquid
staking

May
28th,
2024
at
3:00pm

Sceptre
(“Sceptre”),
a
liquidity
staking
platform,
is
partnering
with
Ledger
Works
(“LWorks”)
as
their
strategic
risk
partner
for
their
liquid
staking
platform
in
both
the
Flare
and
Kava
ecosystems

By
partnering
with
LWorks,
Sceptre
will
receive
comprehensive
risk
management
coverage
for
their
platform.
Sceptre
operations
will
be
supported
by
LWorks’
RiskOps-as-a-Service
platform.
Leveraging
deterministic
and
stochastic
models,
network-wide
simulations,
and
real-time
market
surveillance
to
support
the
protection
and
growth
of
the
platform

This
enterprise-scale
risk
management
will
place
Sceptre
levels
above
any
other
protocol
within
Flare
ecosystems
regarding
market
surveillance

LWorks
offers
integrated
risk
management
services
that
combine
cyber,
operational,
and
financial
risk
controls
into
a
unified
dashboard
with
real-time
computational
models
and
rules
that
enable
continuous
market
surveillance
for
market-wide
and
decentralized
finance
(DeFi)
protocol-specific
risks.

Key
features
of
Ledger
Works
solutions
for
Sceptre
will
include:

• 
  Real-time
  market
  surveillance
  through
  intuitive
  dashboards
  and
  alerts

• 
  Cyber
  risk
  monitoring
  alerts
  to
  identify
  potential
  exploits
  and
  vulnerabilities

• 
  Operational
  risk
  monitoring
  alerts
  to
  identify
  protocol
  issues
  proactively

• 
  Financial
  risk
  modeling
  to
  predict
  and
  respond
  to
  changing
  market
  activity

• 
  Event
  response
  support
  services
  during
  extreme
  market
  conditions

LWorks
is
expanding
its
machine
learning
environment
to
leverage
extensive
data
sets,
existing
rules,
and
financial
models.
This
initiative
aims
to
provide
faster
and
more
effective
risk
identification
and
response
mechanisms.

Meanwhile,
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.
At
the
same
time,
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.

Alexander
Elhorst,
a
core
contributor
at
Sceptre,
states:

 “As
a
liquid
staking
protocol,
it
is
imperative
for
Sceptre
to
effectively
manage
risk
to
protect
our
users
and
maintain
healthy,
active
markets.
We
are
thrilled
to
collaborate
with
the
team
at
Ledger
Works
to
ensure
that
our
risk
strategy
enables
us
to
do
just
that.
With
their
offering
of
24/7
market
surveillance,
expertise
in
risk
management,
security,
and
data
analytics,
coupled
with
their
professional
approach,
we
are
confident
that
this
partnership
will
propel
Sceptre
to
even
greater
heights.”

David
Melnick,
the
CEO
of
Ledger
Works,
added:

“The
Ledger
Works
team
is
excited
to
collaborate
with
Sceptre
on
their
liquid
staking
protocol.
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
deliver
a
world-class
offering
to
the
market.”

About
Ledger
Works

Ledger
Works
partners
with
DeFi
companies
to
operationalize
next-generation
risk
management
solutions.
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 | Contact: [email protected]

About
Sceptre

Sceptre’s
liquid
staking
enables
users
to
stake
assets
and
receive
liquid
tokens,
like
sFLR
for
wFLR/FLR,
thus
maintaining
asset
liquidity
while
earning
rewards.
Sceptre
enhances
this
process
by
offering
seamless
integration
with
leading
networks,
allowing
stakers
to
amplify
returns
and
engage
in
a
wider
ecosystem
of
decentralized
finance
(DeFi)
services.
For
more
information, 
visit: https://sceptre.fi 
| Contact [email protected]

###