Aave Renews Partnership with Chaos Labs: $1.6 Million to Bolster DeFi Security

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The decentralized finance security sector has seen another major development as leading DeFi risk management solutions provider Chaos Labs has renewed its one-year partnership with the prominent lending protocol Aave. According to the latest agreement, the collaboration will commence on November 13, 2023, and continue through November 13, 2024. The total contract value is $1.6 million, to be paid in a basket of Aave ecosystem tokens, comprising $800,000 in GHO stablecoins and $800,000 in aUSDT. This renewed partnership will further strengthen the on-chain security of the Aave protocol, providing enhanced risk protection for DeFi user assets.

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