Counterparty Risk On-Chain
German: Kontrahentenrisiko on-chain
Exposure to identifiable parties that persists despite disintermediation, including issuers, reserve custodians, bridge operators, oracle providers and admin key holders.
Why people look this up
Readers mapping where trust actually sits in a supposedly trustless structure.
Auf Deutsch
Kontrahentenrisiko on-chain — Die Exponierung gegenüber identifizierbaren Parteien, die trotz Ausschaltung von Intermediären fortbesteht, darunter Emittenten, Reserveverwahrer, Bridge-Betreiber, Orakelanbieter und Inhaber von Admin-Keys.
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.