B-protocol proposes an **on-chain risk oracle** to address DeFi’s opaque risk management, where platform operators prioritize growth over user protection. Current systems rely on centralized risk assessments, creating conflicts of interest. The solution aims to decentralize risk monitoring using blockchain transparency.
B.Protocol raises **$2.2 million in seed funding** from investors including **1kx, Robot Ventures, Spartan Group, Primitive Ventures, and Angel DAO**. Key participants also include **Jai Bhavnani (Rari Capital co-founder), Ryan Sean Adams (Bankless), David Hoffman (Bankless), Cyrus Younessi (ex-Head of Risk at MakerDAO), CKiller, and MonetSupply (Aave Risk, MakerDAO Risk, Tally)**. The round aims to improve safety and efficiency in **DeFi liquidations** through the protocol’s technology.
B.Protocol deploys Chainlink Keepers on Ethereum’s Kovan testnet to automate and secure loan liquidations in its Backstop Automated Market Maker (B.AMM). The integration ensures reliable execution of liquidation processes, enhancing the protocol’s efficiency and reducing manual intervention risks. This step follows B.Protocol’s focus on decentralized financial infrastructure.
