X @Ignas | DeFi

Chaos Labs take on Aave V4 is worth reading in this adiós señores post.They say it's a completely new protocol that shares nothing with V3 except the name.New codebase, new architecture, and new liquidation logic.'Second-order failure modes will only surface once real capital moves through the system.'In degen language -> nobody knows how the V4 can break until real money is in it.All the risk tooling Chaos built in 3 years was designed for how the V3 works.V4 is totally different so all of that tooling is ...