Xerberus, an industry-leading cryptocurrency risk rating protocol, has announced that it has received a grant from Thrive Protocol, as part of the Polygon Community Grants Program, to deliver its risk rating and scam report protocols onto the Polygon ecosystem, making it the first risk rating and security solutions to receive the grant.
Xerberus will utilize this grant to integrate its technology directly into the Polygon PoS backend to give users seamless access to its suite of tools. This includes Xerberus’ flagship Wallet Graph risk rating protocol and its cutting-edge scam reporting, recovery, and litigation tool Siren. Upon integration of the Xerberus suite, all Polygon tokens will be assigned a real-time risk rating and will provide vital information to users considering investment in tokens on the platform.
Xerberus will also integrate the Polygon PoS network directly into its Wallet Graph live risk rating platform, making it easier for all users to publicly receive vital live data relating to the coins traded on the network.
Polygon PoS is one of the world’s most widely used blockchain protocols and Xerberus’ integration into its ecosystem highlights the growing need for security and risk solutions across the Web3 industry.
Xerberus, through its industry-leading scalability, will continue to deliver risk ratings to millions of users on the Polygon ecosystem as the network grows to facilitate the future adoption of crypto use cases across the decentralised finance market.
On receiving the grant, Xerberus CEO and Co-founder Simon Peters said: “We are delighted to be collaborating with Polygon, receiving this grant from Thrive marks a key milestone in the Xerberus growth journey. The crypto industry is starting to demand a safer environment with less exposure to scams and bad actors and we want to deliver this reality. Our mission is to protect users from suspicious actors and unregulated entities, and we are rolling out to as many networks as possible will help us to achieve this. We look forward to working with Polygon as it continues to bolster its transparency and security offering to contribute towards a more credible industry.”
Commenting on the grant, Senad Diliji, Business Development Lead at Thrive Protocol said: “We are thrilled to be partnering with Xerberus through our Thrive Polygon Consumer Crypto Grant program, an initiative made possible by a grant from the Polygon Community Treasury Board. Xerberus, with its innovative Wallet Graph technology and Siren reporting service, is paving the way for greater trust in the crypto industry, through its scalable and easy-to-integrate risk rating and security protocols. We are delighted that Xerberus will be one of the first tech solutions of its kind to receive funding from Thrive Protocol – showcasing the importance of this grant and the technology it is helping to support. Xerberus will be a vital tool on our community’s journey to eradicating scams, ensuring that the Polygon ecosystem evolves to modern-day threats and remains stronger and more reliable than ever.”
For more information on Xerberus, visit https://www.xerberus.io/
