Research

DeFi Rate Swaps: Building Risk Infrastructure for Pendle Boros

We worked with the Pendle team on Boros, a new DeFi primitive that brings funding rate trading onchain with leverage and capital efficiency. Funding rates have never been tradeable in DeFi, requiring us to develop novel risk management systems tailored to an entirely new market structure.

The Rise of Context Engineering and Why SoTA Agents Need Specialized Search

LLMs are already good enough for 95% of what businesses need them to do. When they fail, it's almost never the model's fault. It's ours.

Stress Testing Ethena: A Quantitative Look at Protocol Stability

Risk Oracles: Real-Time Risk Management for DeFi

Risk oracles represent the natural evolution of oracle infrastructure, combining our expertise in risk management with protocol-level automation.

The Modern Role of Crypto Oracles: From Price Messengers to Intelligent Feeds

The recent oracle incident involving the deUSD Euler market reignited a critical debate: What’s the purpose of an oracle, and where should its responsibilities begin and end?

Introducing Pendle PT Risk Oracle

Chaos Labs has developed the Principal Token Risk Oracle, a purpose-built framework that reimagines how PTs are priced and risk-managed in DeFi protocols such as Aave. This unlocks a new paradigm of capital-efficient, resilient lending infrastructure.

Staking Penalties on Ethereum's Consensus Layer: Implications for wstETH and Other LSTs and LRTs

Chaos Labs Smart Value Recapture (SVR) Monitoring Platform

Chaos Labs is pleased to announce the launch of the Smart Value Recapture (SVR) monitoring platform, enabling granular monitoring of SVR liquidation performance within the Aave Protocol.

Ethena Integrates Edge Proof of Reserves

Ethena has officially integrated Edge Proof of Reserves (PoR). With this integration, reliable, independent reserve verification is now live for USDe—providing a higher-frequency, programmatic alternative to traditional attestations.

USD₮0 Mechanism Design Review

We conducted a comprehensive risk assessment of USD₮0—an omnichain stablecoin backed 1:1 by USDT on Ethereum.

Pendle PT Risk Framework

Pendle v2 Mechanism Risk Assessment