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Chaos Labs is seeking a 12-month renewal of their risk management services for Aave, with community support evident for their contributions and tools like the Asset Listing Portal and GHO Risk Monitoring Dashboard. A Snapshot vote and AIP-360 have been published for the Aave community to decide on the $1.6M service proposal.
Chaos Labs has proposed to renew their engagement with the Aave DAO, offering a comprehensive suite of risk management products and services for Aave V2, V3, and GHO across all deployments. Their current annual engagement is nearing its end, and they are seeking a 12-month extension. Chaos Labs has been an active participant in the Aave community since November 2022, contributing to over 60 ARFCs, supporting nearly 100 proposals, and providing risk parameter recommendations during significant market events. They have developed tools and platforms for risk monitoring and have been involved in the migration from V2 to V3, among other contributions. The proposal includes a $1.6M fee for their services, payable in GHO or a mix of stablecoins and AAVE tokens.
The community reaction appears to be positive, with members like EzR3aL, Hazbobo, and Lbsblockchain expressing support for the renewal of Chaos Labs' engagement, praising their past performance and professionalism. Jengajojo has suggested providing a comparative analysis to quantify Chaos Labs' impact on Aave's performance. Chaos Labs has acknowledged the community's feedback and support and has announced the publication of a Snapshot vote, with AIP-360 published for voting to commence shortly.
We have not been able to determine whether this will be negative.
Posted a month ago
Last reply 25 days ago
Summary updated 9 days ago
Last updated 03/12 08:00