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    LlamaRisk

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    TL;DR

    DeFi risk and transparency firm specializing in stablecoins and other pegged assets

    Dossier

    ## Overview LlamaRisk is a DeFi risk and transparency firm that focuses on analyzing, documenting, and curating risk data for decentralized finance protocols, with particular emphasis on stablecoins and pegged assets. Operating on Ethereum, the firm serves as a specialized research layer in the crypto ecosystem, providing detailed assessments of protocol mechanics, collateral structures, governance risks, and operational dependencies that affect asset stability and user capital safety. The firm exists to address a critical gap in DeFi infrastructure: the lack of standardized, independent risk