Aave is recognized as the largest lending protocol in decentralized finance and has been collaborating with risk management firm Chaos Labs for an extended period. Aave has commenced using oracles developed by Chaos Labs.
Innovation in Risk Management
This initiative enables the lending protocol to automatically adjust its risk parameters. Elements such as liquidation thresholds and supply and borrowing capacities are managed through this automation.
Chaos Labs follows Chainlink 
$17 as Aave’s second oracle provider. Oracles play a significant role by transmitting external data to smart contracts.
“Aave is deployed across more than ten networks. Each network has an average of ten markets, with over thirty different parameters for each market. There are thousands of parameters that need to be managed in real-time.”
Omer Goldberg, CEO of Chaos Labs
Chaos Labs’ “Edge Risk Oracle” now automates Aave’s risk management system in real-time, enhancing the protocol’s security and capital efficiency.
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