+ RISK INFRASTRUCTURE FOR STELLAR
Sylox gives every anchor issued asset on Stellar a public risk score, and a market to protect yourself if the issuer behind it breaks.
+ THE PROBLEM
On Stellar, several companies can issue a token for the same currency. Two tokens can share a name and carry very different risk: different reserves, banking partners and track records.
Wallets list them side by side. Lenders accept them blind. Holders find out an issuer failed when their withdrawal does. Sylox turns that hidden risk into public data, and gives holders a way to protect themselves.
+ THE SCORE
Normal
Current illustrative score: 0, band Normal
Illustrative sample, not live data
Signals are healthy. The peg holds, liquidity is deep, withdrawals answer.
Something is moving. Worth a closer look before adding exposure.
Real stress. A lender might lower how much it accepts this asset as collateral.
Failure signals are stacking up. New cover stops when a failure is already in progress.
A credit event has been declared under its published rules. Cover pays out.
+ HOW IT WORKS
A public feed with a score for every covered asset. Raw signals are shown next to every score. The formula is open, so anyone can check the math.
Failure has a definition before it has a victim. Depegs and issuer freezes are checked against fixed rules, with a challenge window and a named committee for edge cases.
One market per asset. Sellers lock USDC and earn premiums. Buyers pay upfront for cover. Payouts come from locked collateral, never from a promise.
+ STATUS
Sylox is in development. Here is the honest state of things.
Steps shipped
Protocol specification
PUBLISHEDRisk Oracle contract
BUILT AND TESTEDCredit Event Registry contract
BUILT AND TESTEDStaking and Treasury contracts
BUILT AND TESTEDTestnet deployment
IN PROGRESSProtection Markets contracts
NEXTSecurity audit
BEFORE MAINNETProtection markets on mainnet
AFTER LEGAL REVIEW+ WHO IT'S FOR
Treasuries, NGOs, fintechs, market makers
Buy cover on the assets you hold, or lock collateral and earn premiums by writing it.
Wallets
Show a risk band next to every issued asset your users hold. Read it straight from the feed.
Lending protocols
Adjust collateral limits from live risk bands instead of guessing per issuer.
Anchors
Prove you are safe with public signals anyone can verify, and a right to reply on your page.
+ FAQ
No. Sylox is a protocol for fully collateralized protection. Every unit of cover is backed by collateral that sellers have already locked. Protection markets will only launch where legal review allows.
The rules do. Each credit event has a published definition, checked against public data, with a challenge window. A named committee handles only the edge cases, and its reasons are published.
No. It is computed from public data with an open formula. The raw signals are shown next to every score, so you can see exactly why it is what it is.
Not yet. The contracts will be audited before anything runs on mainnet.
That is still being decided, partly through legal review. We will publish the rule before markets open.
That is the point of it. If you want to be an early reader of the feed, join the early access list and tell us what you are building.