Chaos Labs

Chaos Labs launched Edge on September 12, 2024, with Jupiter, the perpetual futures exchange on Solana, as its first large user. In the two months before the launch, $30 billion of trading volume on Jupiter ran on Edge prices. Edge adjusts prices for liquidity and volatility, so a sudden spike on a single venue moves the feed less. Chaos Labs monitors the Jupiter feeds around the clock for latency, precision, availability and signs of manipulation.

The Chaos Labs oracle publishes three kinds of feeds for lending and trading protocols. Price feeds work in push and pull mode, with heartbeat and deviation settings per network such as 0.5 or 0.25 percent, and Chaos Labs states five updates per second. Risk feeds publish recommended parameters such as borrow and supply caps and adjust them automatically, within bounds that the governance of the protocol has approved.

Proof feeds track the reserves behind a token and publish them onchain. For Ethena USDe, the feed showed a backing ratio of 100.42 percent on October 2, 2025. GMX on Arbitrum uses Edge risk oracles to adjust the price impact of trades in real time, a parameter that GMX previously updated through manual proposals. For Aave, Chaos Labs lists 36 assets on six blockchains that its risk feeds cover.

Chaos Labs worked as risk manager for Aave for more than three years and managed risk across the Aave V2 and V3 markets. On April 6, 2026, founder Omer Goldberg announced the exit and named a lack of profitability, the departures of BGD Labs and the Aave Chan Initiative, and a different view of risk management as Aave V4 launched. Chaos Labs had a budget of $3 million in 2025 and estimated that it needed at least $8 million to oversee V3 and V4, while Aave Labs offered $5 million.

Stani Kulechov, chief executive of Aave Labs, described the background differently and said that Chaos Labs did not leave on bad terms. Chaos Labs continues to run its oracle and risk feeds for other protocols.

Chaos Labs builds risk management tools and oracles for onchain finance. Its Edge oracle delivers prices, risk parameters and reserve proofs to lending protocols and perpetual futures exchanges, and the company also sells software for AI workflows.

Omer Goldberg named a lack of profitability, the exit of other core contributors and a different view of risk management for Aave V4. Aave Labs had offered a budget of $5 million, against the $8 million that Chaos Labs considered necessary.

A risk oracle publishes recommended risk parameters, such as borrow caps, supply caps or price impact settings, directly onchain. The protocol applies them automatically within bounds that its governance has approved, so it reacts faster to moves in the market.

Omer Goldberg founded Chaos Labs and speaks for the company in public, including the announcement of the Aave exit in April 2026. He also introduced the Edge oracle network at TOKEN2049 in Singapore in 2024.

Chaos Labs publishes a proof of reserve feed for Ethena USDe that compares the reserves behind the token with its supply. On October 2, 2025, the feed showed reserves of about $14.88 billion against a supply of about $14.82 billion.