23m ago
Chaos Labs Leaves Aave Risk Manager Role After Dispute, TVL Cited at $50B
Chaos Labs has exited its role as Aave's primary risk manager after a governance dispute over compensation and risk approach tied to the V4 migration. The firm had set key parameters across Aave V2 and V3 since November 2022, and its departure leaves the protocol without a dedicated owner for functions affecting more than $50 billion in TVL. The disagreement included a proposed $5 million annual budget and questions around V4's added operational scope.