Introducing Range: DCF’s First Security Infrastructure Grantee

Range DCF Grant

We are happy to share that DCF has provided a grant to the blockchain monitoring and risk management platform Range to integrate Agoric and Inter Protocol.

Range is the leading enterprise-grade modular security suite for blockchain, rollups, and bridges in the IBC ecosystem. That is why, when they extended an offer to integrate Agoric and Inter Protocol and make their risk management infrastructure available to the broader Cosmos ecosystem, we were immediately intrigued.

Range provides a plethora of blockchain security solutions, spreading across threat detection and prevention, protection against hacks, risk analytics, forensics, and compliance. The company employs machine learning techniques to send out real-time alerts and notify users about critical network events. It is perfectly equipped to track key metrics, identify on-chain incidents, and help stakeholders act before it is too late. 

It is no surprise then that Range can serve as an especially useful DeFi instrument. The DEX rules which Range sets up can trigger alerts at particular liquidity and market conditions, and prevent liquidations and black swan events. In fact, the company is already testing notifications for BLD paired Osmosis pools. 

To be more precise, the DCF grant offered to Range involves a number of tangible deliverables across alerting, analytics, and forensics for the Agoric chain. Over the next 12 weeks, the security firm will be working on:

  • Research & Development on integrating Agoric custom Cosmos SDK modules and Agoric VM into the Range monitoring platform;
  • Building a customized set of open-source security rules targeting the custom Cosmos SDK modules for Agoric and Agoric VM;
  • Analytics for Agoric custom Cosmos SDK modules and Agoric VM;
  • Integrating Agoric custom Cosmos SDK modules and Agoric VM into Range Trail, the first cross-chain fund flow tracking tool;
  • Developing risk scoring API for Agoric custom SDK modules on incoming IBC transfers and addresses. 

However, what does all this mean for the Inter Protocol community? Although it is not immediately obvious, Range’s catalog of tracking and supervision tools is so broad and impactful, that it could benefit everyone, from founders to common users. Let us give you a few examples:

  • If you are an Agoric and Inter Protocol community member, you can get notified every time IST or BLD enter your wallet or set the amounts and time frames you want tracked. 
  • Sudden liquidations are now a thing of the past! You’d be alerted when your Inter Protocol vault approaches liquidation, so you can add more collateral or close the vault without suffering losses.
  • If you are a part of a multi-sig wallet, you’ll know when a vote is required.
  • If you are a developer willing to build a DeFi dApp and list both IST and BLD, Range will be your one-stop shop to detect breaches, on-chain anomalies, and potential risks, track the IST and BLD flows and volumes throughout the IBC ecosystem, and run KYC and AML checks on your clients.
  • If you are a Cosmos data analyst, you can source information on the activity of IST pools on Osmosis or Crescent, or track the amount of IST used as collateral for UX chain loans.

Note, users will have to set up their desired notification within the Range platform. 

It is thrilling to witness a DCF grant producing an actual difference, boosting users’ security and safety guarantees, and delivering predictability and convenience. We are looking forward to seeing Range’s work realized and deepening our collaboration even further.

The DCF grant program champions projects seeking to accelerate the Agoric, Inter Protocol, and Cosmos-IBC ecosystems. We are committed to supporting any initiative that fosters decentralized cooperation, educates and inspires, and pushes blockchains’ technical barriers. If you are developing an idea that meets these criteria, make sure to reach out to us.

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