The Ojo Network
Last updated
Last updated
The Ojo Network is developing DeFi's first Risk Engines: modular components designed to support lending for high TVL assets with lower volume. Think yield-bearing tokens, like Usual Money's USD0++, or LRTs on Mellow Finance.
Disclaimer: This product provides or manipulates on-chain data feeds and is designed for decentralized environments. Risk Engines are a new development; using the Ojo Network's Risk Engines does not eliminate all risks associated with smart contracts, on-chain transactions, or price feeds. Many components of the network have undergone security testing and audits. However, smart contracts are still experimental technology, and vulnerabilities may exist. Use at your own risk. We recommend all users implement proper risk management strategies.
We have recently proposed to the Morpho DAO to build a Risk Engine to help make borrowing and lending Pendle PTs safer. Support us here!
A basic Risk Engine is composed of three key components: a primary feed, a secondary feed, and a decision maker. The Ojo Network packages these in a simple interface so that the top DeFi protocols can use them.
We have two example Risk Engine designs: Oracle X and the Historacle. Please see our talk on Risk Engines here!