By partnering with Guardrail, Euler was able to offload the burden of configuring and managing monitoring solutions, paving the way for a more streamlined, efficient, and scalable security infrastructure. Guardrail's automated monitoring solutions empower teams to focus on growth, security, and innovation in the ever-evolving DeFi landscape.
The Challenge
Euler's team faced a growing challenge in managing multiple monitoring tools across different blockchain networks. Their pain points included:
Time constraints
- Limited bandwidth to optimize and configure monitoring solutions.
Inefficiency
- Juggling three separate tools that weren't fully utilized.
Scalability issues
- Expanding to more blockchain networks required updating multiple monitoring systems manually.
Data overload
- Managing multiple chains and tracking price deviations without a consolidated view.
The Solution
Guardrail proposed a seamless monitoring framework that would:
Automate configuration
- Implement initial monitoring rules to reduce manual work.
Enable redundancy
- Ensure monitoring coverage across all relevant blockchain networks.
Reduce tool overload
- Offer a potential path to consolidating monitoring solutions into a single platform.
Enhance efficiency
- Provide an automated mechanism for tracking oracle deviations and flagged addresses.
Implementation
Automated monitor setup
- Guardrail took charge of configuring initial monitoring rules, ensuring Euler could focus on higher-priority tasks.
Oracle monitoring enhancements
- Euler leveraged Guardrail's ability to track price deviations across multiple oracles without manual intervention.
Future-proofing for growth
- Guardrail's solution provided flexibility for Euler's upcoming multi-chain expansion, reducing the need for additional tooling.
Custom Guardrail updates
- Guardrail introduced an automated feature where monitoring guards update themselves based on new vault deployments.
Results & Impact
Increased operational efficiency
- Guardrail took over the heavy lifting, allowing Euler's team to focus on business-critical initiatives.
Time savings
- Eliminated significant manual work by automating monitoring rule implementation.
Path to cost reduction
- Euler acknowledged that consolidating from three monitoring tools to one would drive significant savings in the long term.
Seamless integration
- Guardrail's monitoring enhancements worked alongside Euler's existing infrastructure without disrupting operations.
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