Chaos Labs is thrilled to announce the launch of the Venus Risk Monitoring and Alerting platform 6. This advanced system provides comprehensive analytics and observability, offering the Venus community a gateway to abundant data and risk intelligence associated with the protocol, all under one unified platform.

The platform is designed to provide users with a more profound understanding of the Venus protocol’s overall risk profile and health. This will support high-level decision-making processes by delivering critical data on protocol assets, thereby equipping users with the necessary information to make strategic and informed decisions. Moreover, the platform promises to provide fine-tuned insights into Venus usage patterns, trends, and real-time data analysis.

Overview

Chaos Labs is thrilled to announce the launch of the Venus Risk Monitoring and Alerting platform. This advanced system provides comprehensive analytics and observability, offering the Venus community a gateway to abundant data and risk intelligence associated with the protocol, all under one unified platform.

The platform is designed to provide users with a more profound understanding of the Venus protocol's overall risk profile and health. This will support high-level decision-making processes by delivering critical data on protocol assets, thereby equipping users with the necessary information to make strategic and informed decisions. Moreover, the platform promises to provide fine-tuned insights into Venus usage patterns, trends, and real-time data analysis.

Platform Deep Dive

Overview Page

The main section of the Risk Monitoring and Alerting platform provides a single pane of glass to high-level metrics aggregated across Venus, including total supply, total borrow, TVL, the sum of collateral at risk of liquidation, and more.

Markets

The Markets page shows aggregated details for each asset, enabling a detailed understanding of the protocol exposure to any asset. Specifically, the Collateral at Risk and Wallets at Risk columns aggregate data from positions with low health values that are approaching liquidation. The table can be filtered and exported to CSV as needed.

Clicking on any asset in this table opens the Market Detail view. This page consolidates all information about the market, including the borrow asset price, borrow and supply status, APYs, and collateral at risk - all with their 24h trend to surface changes. The detailed view allows users to observe and search for any wallet holding the asset. This is useful for drilling deep into accounts to see how they interact with Venus.

The Total Supply and Total Borrow charts show the amount of supply and borrow of the assets over time.

Users can also see the Collateral at Risk for the specified asset. This shows us the value to be liquidated (in USD) if prices deviate up or down. We can also observe a histogram of borrowers’ health, bucketed by their respective health scores.

The Recent Events table consolidates all events that occurred in this market and can be filtered to show only specific event types.

Wallets

The wallets page presents a comprehensive table that showcases all positions within the Venus protocol. Users can conveniently search for specific wallet addresses or leverage the advanced filtering functionality that enables filtering wallets by liquidation risk level, supply, or borrow assets.

By selecting a specific row in the wallets page, users will be directed to the wallet detail page, which displays all supply and borrows positions for this account. Additionally, the wallet detail page shows reward tokens and recent events to get a detailed history for the selected wallet.

Liquidations

The liquidations page presents aggregated metadata on protocol liquidations, spanning 7, 30, and 90-day time frames. Users can filter and view results for specific assets using the Filter button.

Moreover, the page offers a graphical representation of observed liquidation events on a daily basis, as well as a table that displays relevant liquidation events. Users can select a specific liquidation event, which will direct them to the Wallet Detail page of the corresponding account for a more detailed analysis.

Risk Explorer

The Risk Explorer allows users to explore different risk scenarios by simulating the effect of token price changes across the protocol. Users can simulate price changes of several assets and see the impact on the protocol.

The Wallets at Risk of Liquidation table displays a per-wallet breakdown of the simulated change, surfacing wallets that will have low health close to or are eligible for liquidation.

Alerts - coming soon

The alerts tab offers real-time notifications on Venus protocol activity, such as significant price fluctuations, substantial liquidations, new whale positions, and more. Each alert features a link to the corresponding account detail or asset detail pages.

Users can subscribe to these alerts by clicking on the Join Telegram Channel and receive updates directly on Telegram.

Summary

Launching the Venus Risk Monitoring and Alerting platform is an exciting milestone in collaborating with the Venus community. We hope this tool empowers the community to make well-informed decisions and promotes visibility over the risk and health of the Venus protocol.

Our platform is constantly evolving and growing to meet our users' needs. We invite the Venus community to explore the platform and provide your feedback.

If you have any questions or comments, don't hesitate to get in touch with us on Twitter or via this form.