anthias labs

Advisory Monitoring Research Open-Source

Anthias Labs Advisory

Anthias Labs is a boutique on-chain advisory firm focused on DeFi risk management and system design. We protect protocols with boutique risk infrastructure and advisory. A selection of Anthias risk clients can be found below along with ecosystems we have supported with technical research, open source development, and more.

We have helped our clients navigate asset depeggings, liquidation cascades, flash crashes, and more. At Anthias Labs, we work with a handful of clients at a time and tackle mission-critical problems.

Anthias Labs Monitoring

Anthias Labs builds monitoring systems and tooling for our protocol partners. These systems monitor protocol health via factors including:

Individual position health scores
Position correlation matrices
Protocol bad debt
Collateral at risk of liquidation
Amounts of assets that can be swapped with suitable slippage in the case of a liquidation
Etc.

Anthias Labs Research

Anthias Labs authors DeFi-focused research on system design, risk parameterization, and more. For a selection of our public research:

Liquidity Providers Taking Position of Volatility

Abstract: This paper provides a comprehensive report on the modern landscape of AMMs, elucidating liquidity providers' exposure to volatility and simulating the effects of volatility and impermanent loss. Specifically, we illustrate how a non-50/50 Balancer pool enables LPs to express views on directional volatility and how Uniswap v3’s mechanism permits precision in liquidity provision, effectively allowing LPs to bet on specific price ranges.

Anthias Liquip Score: Measuring Liquidation Probability

Abstract: This paper outlines a new method for determining the probability of liquidation for users of a borrowing protocol. Additionally, we introduce the “Days Until Liquidation” concept. This provides an estimate of the time left until a position might face liquidation under current market conditions, adding another layer of understanding to our risk assessments. These improved methods allow for a clearer view of liquidation health for individual positions and the protocol as a whole.

A Framework for Designing Corruption-Resistant Operator Networks

Abstract: This paper provides an overview of how to design a robust and corruption-resistant operator system. Designing a robust and corruption-resistant system requires a systematic approach that considers the roles and responsibilities of the operator network, the verification and detection mechanisms, and the penalty mechanisms. Methodologies are outlined in this paper.

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Anthias Labs Open-Source

Anthias Labs contributes to a variety of open-source tools and frameworks, all of which can be found on our Github linked below. For a few highlights:

Arbiter allows for fine-grained control over a (Rust) Ethereum Virtual Machine (EVM) to provide stateful Ethereum smart-contract interactions and the creation of behaviors that can be coalesced into complex scenarios or automation.

Arena introduces a novel approach to LP simulation through a highly-configurable event-driven runtime. Each event consists of integral market information for a strategy, which the user can derive insight from.

Flare is the Command Line Interface for developers on Solana built by Anthias Labs with support from the Solana Foundation. Flare allows Solana developers to do a variety of actions from the CLI including sending transactions, interacting with smart contracts, checking the SOL balance for a given address, generating a keypair for a new wallet, and more.

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Mission-Critical Risk Partners