Aave loses key risk manager, Chaos Labs, amid contributor exodus and disputes
CoinDesk·5h ago·Fear
What Happened
Chaos Labs, a key risk manager for DeFi protocol Aave, is departing the ecosystem. The firm cited fundamental misalignment with Aave's V4 upgrade strategy and unsustainable economics. Chaos Labs managed risk across Aave's markets since 2022, helping grow total value locked from $5 billion to $26 billion. CEO Omer Goldberg stated the engagement no longer reflects proper risk management. Aave founder Stani Kulechov said LlamaRisk and internal teams will ensure continued risk coverage.
Key Entities
Chaos LabsAaveDeFiOmer GoldbergStani KulechovLlamaRiskV4 upgrade