Stepping Down: Chaos Labs, Aave’s primary risk management group since 2022, announced it will step down and terminate its engagement with Aave, ending a more than three-year streak of oversight with "zero material bad debt" for depositors.Misaligned Priorities: The risk manager cited a “fundamental misalignment” with Aave on how risk should be managed, arguing the protocol is underinvesting in risk relative to its scale. While Aave Labs proposed upping Chaos Labs' budget to $5M, the firm claims it would st ...