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Aave founder responds to Chaos Labs' exit: will maintain a dual-layer risk management model and support LlamaRisk takeover
BlockBeats message, April 7, Aave founder Stani Kulechov posted on X, saying that Aave respects Chaos Labs’ decision to step down from its risk management role and thanks it for its contributions over the past several years. The smart contracts of the Aave protocol, the listing of assets, and network deployment are not affected. Both sides will continue to work closely together throughout the exit process.
Aave currently uses a two-layer economic risk management model, jointly handled by Chaos Labs and LlamaRisk. Given the scale of the Aave protocol, it will continue to maintain the two-layer model going forward, and will additionally add a technical risk layer managed by Aave Labs. Aave Labs will work closely with LlamaRisk to ensure that risk coverage does not go uninterrupted during the transition period, and to support LlamaRisk in increasing its budget and team size.