Chaos Labs & Aave Split Over Risk Management
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Chaos Labs and Aave part ways after a budget dispute and strategic differences, with Chaos seeking a five-million-dollar budget hike and Aave refusing to make them the sole risk manager. The split comes amidst a crypto lending world shaken by a users fifty-million-dollar loss and Aaves new Shield protection feature. Chaos, which handled backend work for Aave versions two and three, sees an opportunity to expand beyond risk consulting. Despite the drama, Aave reaches a DeFi milestone with one trillion dollars in total lending volume.
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