Aave’s leading risk management firm, Chaos Labs, announced it is exiting its three-year partnership

Gate News, April 7: Aave’s leading risk management firm, Chaos Labs, announced that it has officially exited its partnership with Aave, ending a risk management service that has lasted for three years. Chaos Labs founder Omer Goldberg said the exit was mainly due to three reasons: it has been operating at a loss for the long term, its core contributors BGD Labs and ACI have left one after another, and there is a fundamental disagreement in risk management philosophy between Chaos Labs and Aave Labs in the context of the launch of Aave V4. Aave Labs previously proposed a $5 million budget carryover plan, but Chaos Labs said the minimum budget it actually needs to operate V3 and V4 is $8 million, and even if the budget issue could be resolved, the disagreement between the two sides on risk management priorities would still be difficult to bridge. Goldberg noted that after V4 goes live, the workload for transition period work will double rather than be cut in half, and the current infrastructure has not yet been validated in real-world conditions, so the risks cannot be underestimated. In response, Aave Labs CEO Stani Kulechov said the V4 migration does not have a mandatory timeline, and that V3 is still running normally.

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