Aave Founder Responds to Chaos Labs Exit: Will Maintain Dual Risk Management Model and Support LlamaRisk Takeover

robot
Abstract generation in progress

On April 7, Aave founder Stani Kulechov tweeted that Aave respects Chaos Labs’ decision to exit its risk management role and thanked them for their contributions over the past years. The Aave protocol’s smart contracts, asset listings, and network deployments will remain unaffected, and both parties will maintain close cooperation during the exit process. Aave currently employs a dual-layer economic risk management model, jointly managed by Chaos Labs and LlamaRisk. Given the scale of the Aave protocol, it will continue to maintain this dual model in the future, with an additional technical risk layer managed by Aave Labs. Aave Labs will work closely with LlamaRisk to ensure uninterrupted risk coverage during the transition and support LlamaRisk in increasing its budget and team size.

AAVE-6.89%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin