Thank you for your feedback and for sharing your concerns. We greatly value the Venus community and the engagement it fosters, and we want to take this opportunity to clarify the scope of Chaos Labs’ work and our commitment to supporting Venus Protocol.
First and foremost, we want to emphasize that Chaos Labs is fully committed to providing the highest standard of risk management services to Venus Protocol, just as we do with Aave and other protocols. Our goal is always to ensure that Venus operates safely, efficiently, and in the best interest of the community.
It’s important to note that the frequency of risk events requiring attention on Aave is currently much higher than on Venus. This naturally leads to more posts on Aave’s forum. However, this does not mean that we don’t provide Venus with the best service. We consistently provide all necessary recommendations and analyses to meet Venus’ needs.
Additionally, the rate of risk parameter recommendations is not uniform—it depends on the needs and events of the moment. For example, this week alone, we will be posting six recommendation posts specifically for Venus:
- FLOKI Borrow Cap Increase
- sUSDe, PT-USDe and PT-sUSDe Asset Listings
- Interest Rate Curve Update for all stablecoins
- apxETH Asset Listing
- THE Asset Listing
- wsuperOETHb Asset Listing
These posts address key updates and ensure that the protocol remains optimized and secure.
We’d also like to clarify that the number of posts is not a direct indicator of the effort or resources allocated to a protocol. For instance, a post like “Deploy Venus on Base” encompasses multiple parameters and asset recommendations in a single post, whereas something like “Increase sUSDe Supply Cap on Aave V3” is a recommendation for just one asset. The complexity and scope of the work behind each post differ significantly.
Regarding your specific point about FLOKI, the borrow cap was indeed reached yesterday, and we have published our recommendation today. This is in line with the same SLA we currently provide to Aave. Moreover, with the upcoming transition to Risk Oracles, Venus will benefit from real-time risk management with automated parameter updates, ensuring even faster response times in the future. This advancement will ensure that key risk metrics and parameters are continuously monitored and adjusted in response to market dynamics, significantly enhancing the protocol’s ability to adapt swiftly to emerging risks or opportunities. By automating processes that currently require manual intervention, Risk Oracles will provide faster, more efficient responses to events, reducing potential delays and improving the overall security and robustness of the protocol. This innovation represents a significant step forward in risk management for Venus, aligning with our commitment to delivering the highest standard of service.
We are deeply committed to the Venus community and are continuously working to provide robust and proactive risk management. We appreciate your patience as we address your concerns and encourage ongoing dialogue to ensure we’re meeting the community’s expectations.