PRESS RELEASE. DSLA Protocol has released the first version of its Decentralized Service Level Agreements (SLA) protocol on the Ethereum L1 blockchain. Layer 2 deployments on Harmony and Avalanche are also coming in the near future, following the results of ongoing audits.
Created by Stacktical, the DSLA Protocol is a decentralized risk management framework. It enables different stakeholders of a given service to offset third-party risk in a peer-to-peer manner. This allows developers and infrastructure operators to create blockchain-based outsourcing contracts.
The aforementioned outsourcing contracts store and release cryptocurrency based on the performance of the aforementioned third-parties. Put simply, the DSLA Protocol allows its users to delegate third-party risk by “exchanging” it with other users in the system, who have the required resources to “take-on” this risk and be rewarded for doing so.
Put simply, these contracts provide an additional security layer to the common trust-based system through the use of trustless, peer-to-peer technology. As such,