Chaos Labs, the risk management firm that has “priced every loan on Aave since November 2022,” announced Monday that it is proactively terminating its engagement with DeFi’s largest lending protocol, citing a fundamental disagreement over how risk should be managed.
The departure makes Chaos the third core contributor to exit Aave's operations in recent months, following BGD Labs' exit on April 1 and the Aave-Chan Initiative's wind-down announcement in early March.
In a forum post, Chaos Labs CEO Omer Goldberg named all three alongside TokenLogic as the contributor group whose "people, technology, and operational experience" produced Aave's track record, and noted that Chaos is now the last remaining technical contributor from that cohort.
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