Decentralized derivative trading platform Bluefin has reached a strategic partnership with blockchain risk analysis service provider Chaos Labs. This partnership will help Bluefin optimize risk management for encrypted protocols and protect user funds.

Chaos Labs has launched a $20 million dYdX Chain incentive plan aimed at promoting early adoption and seamless transition to dYdX Chain. The plan will last for six months and aims to encourage various participants to migrate and participate in dYdX Chain. The incentive methods involve specific goals for different user groups, each of which aims to maximize the effectiveness of the plan.

Chaos Labs has initiated a new proposal in the Aave community, suggesting an increase in the supply and borrowing limit of Aave V3.

Chaos Labs has proposed to lower the liquidation threshold (LT) for CRV on Aave V3 Polygon at the Aave governance forum. Due to the significant decrease in market liquidity for CRV, this proposal aims to address the issue by lowering the liquidation threshold for CRV on Aave V3 Polygon. Its goal is to reduce CRV-related risk exposure and lower its borrowing capacity, thereby aligning it more accurately with existing market conditions and other deployed parameters. Chaos Labs proposes to reduce the LT by 15%, from 65% to 50%. According to Chaos Labs, the next step is to submit an ARFC for snapshot voting based on community feedback to obtain final approval. If consensus is reached, an Aave Improvement Proposal (AIP) will be submitted to implement the proposed updates.

Chaos Labs has launched a new proposal in the Aave community, suggesting a re-collaboration with Aave DAO to provide a full range of risk management products and services covering all Aave, including V2, V3, and GHO, as well as all current and future deployments. Chaos Labs stated that their strategy aims to protect protocol assets from market fluctuations, black swan events, liquidity attacks, and market manipulation.