Aave, a prominent decentralized finance (DeFi) lending and borrowing protocol, has integrated new oracles from Chaos Labs to automate its risk management system. This marks the first time Aave has approved the use of a second oracle network beyond Chainlink. The oracles, called Edge Risk Oracles, will allow for real-time adjustments to the protocol's risk parameters, such as liquidation thresholds and borrowing capacities. This integration will improve liquidity optimization, enhance protocol stability, and provide a more secure user experience. Additionally, it will reduce the time required for updates from an average of 96 hours to under a minute. The integration will also make the protocol more resilient to market volatility and ensure smoother operations during uncertain times.
- Content Editor ( cryptonewsz.com )
- 2024-11-26
Aave Enhances Stability With New Oracle From Chaos Labs