W⬡rmholeOracle

Founder & CEO @LlamaRisk

[W⬡rmholeOracle @WormholeOracle]

LlamaGuard NAV is the first in a suite of risk management solutions that level up our industry for institutional adoption.

It’s helping @aave Horizon become THE focal point where TradFi meets DeFi.

[Chainlink @chainlink]

Aave Horizon, the largest RWA lending market in DeFi, is upgrading its use of LlamaGuard NAV to leverage the Chainlink Runtime Environment (CRE) for robust pricing and enhanced security.

Built in collaboration between Chainlink, @aave, @LlamaRisk, LlamaGuard NAV is purpose-built for pricing tokenized real-world assets (RWAs).

With this integration, the Net Asset Value (NAV) data feeds used by Aave Horizon will be exclusively powered by CRE in collaboration with LlamaRisk.

CRE provides a modular framework that enables LlamaGuard NAV to aggregate diverse data inputs to establish NAV integrity, including S&P risk ratings and macroeconomic data to enable smarter, safer oracles. CRE will also enable LlamaGuard to initiate automated management actions to contain risk, such as triggering circuit breakers or adjusting parameters on target DeFi protocols.

By combining Chainlink's proven reliability and neutrality with LlamaRisk’s deep expertise on protocol risk management, LlamaGuard NAV can provide protocols like Aave Horizon with a robust, automated risk management solution that can safely scale the adoption of tokenized assets across DeFi.

This development builds upon the initial implementation of LlamaGuard NAV introduced earlier this year: https://t.co/VDi4nlyZiJ

[LlamaRisk @LlamaRisk]

LlamaRisk has published an ARFC proposing a new standardized Risk Framework that governs all assets on @Aave V3, V4, and Aave Horizon.

The framework establishes standards for evaluating asset, bridge, and chain-level risk criteria, and for monitoring and automated risk management systems.

[Vault Summit @Vault__Summit]

Risk conditions evolve in real time. The infrastructure managing them should too.

Adam Sadowski (@WormholeOracle) from @LlamaRisk on the limitations of current DeFi risk response paths and what a unified risk layer looks like in practice:

[W⬡rmholeOracle @WormholeOracle]

@deepcryptodive @Vault__Summit @LlamaRisk What’s powerful here is the workflow has a unique identifier in the metadata when CRE posts onchain, the workflow code is cryptographically verifiable so an offchain workflow can be publicly transparent or selective to trusted parties (eg protocol team, auditors etc)

[Stable Summit 🦫 @stable_summit]

Institutional interest is not institutional readiness. This panel brings together some of the practitioners closest to solving it to discuss what it actually takes to deploy stablecoins at scale.

On stage:
@CharlesJansen, @SPGlobal
Charles Michallet, @SocieteGenerale
@0xt0n1, @m0
@WojtekP, @AccountableData

Moderator: @WormholeOracle, @LlamaRisk

June 4, New York · https://t.co/MkdA2Qutjm

[Tenbin Labs @tenbinlabs]

Tenbin's first asset is live.

Introducing Tenbin Gold (tGLD): Liquid, Yield-bearing Tokenized Gold.

Built for instant on-chain liquidity with DeFi utility.

https://t.co/0TESwDZ6As

[W⬡rmholeOracle @WormholeOracle]

Here I'll be talking about friction points for managing risk in DeFi, which currently depend on response paths that are either slow, opaque, or narrow in scope.

I'll be proposing a unified risk layer that resolves these friction points. Stay tuned

[Vault Summit @Vault__Summit]

Risk Management in DeFi is a continuous process and not a checkpoint.

@WormholeOracle, Founder and CEO at @LlamaRisk, will take the stage at Vault Summit NYC.

June 5, NYC · https://t.co/H1746Z3Wys

[W⬡rmholeOracle @WormholeOracle]

The days following the rsETH incident have been long and difficult. Our team has been in round-the-clock war rooms alongside fellow @aave Service Providers Aave Labs, @tokenlogic, @chainlink, and @certora, working toward a resolution.

Thanks to the rapid response and coordination between the affected entities, a resolution is in sight that puts users first and protects the integrity of our industry.

It’s been a difficult time for many and there is much left to do, but today I’m extremely proud to be here serving with the dedicated team @llamarisk.

[LlamaRisk @LlamaRisk]

The joint effort striving to fully recapitalize @KelpDAO rsETH speaks to the shared accountability of leaders in our industry; to serve the common good first and foremost.

We are proud to be working together with @aave labs, @Token_Logic, @chainlink, and @Certora as an Aave Service Provider. The rapid response and tight coordination of Aave SPs in a time of need helped make this possible.

In spite of the intense pressure, DeFi comes together to put users first. There’s a long road ahead and it will not be easy, but we stand united.

DeFi will win.

[Aave @aave]

Update on rsETH incident:

@LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward.

All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol.

Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far.

We will share further updates as we have them.

In the meantime, the full report can be read here: https://t.co/jy3BHZCa7b

[LlamaRisk @LlamaRisk]

@aave V4 should be scaled through tightly governed risk expansion.

That means conservative initial caps, bounded credit allocation, and spoke-by-spoke parameterization from day one.

This is how a protocol with powerful primitives is launched responsibly.

More below ↓

[W⬡rmholeOracle @WormholeOracle]

LlamaGuard is solving real bottlenecks to successfully onboard new financial products to DeFi. It represents a paradigm shift in how DeFi protocols consume and act upon real-time risk signals

[LlamaRisk @LlamaRisk]

Our CEO Adam @WormholeOracle at @stable_summit in Cannes on LlamaGuard NAV, risk-informed oracles, @Chainlink’s CRE, and LlamaGuard powering @aave Horizon.

Full talk ↓

[LlamaRisk @LlamaRisk]

We acknowledge @ChaosLabs' sudden announcement to step down from their @Aave risk mandate.

LlamaRisk has served the Aave ecosystem for the past two years, delivering risk frameworks, parametrization, and quantitative models underpinning all Aave deployments across V3, V4, and Horizon.

We build protocol-owned risk infrastructure on @Chainlink's CRE and serve as the only independent legal and regulatory research capability within the Protocol.

Aave's risk management has never rested on a single point of responsibility. We are fully prepared to fill all operational gaps and will ensure full continuity of risk services.

Over the next week, we will present a detailed proposal, including immediate changes to delegated risk systems, to renew our unwavering commitment to the Aave ecosystem. Aave will win!

[LlamaRisk @LlamaRisk]

Today our COO @simonb_defi (Val) will be speaking at DeFi Day Cannes panel on Aave V4 and the End of Fragmented Liquidity.

If you're around, come find us.

4:05 PM · Palais des Festivals, Cannes

[Stable Summit 🦫 @stable_summit]

RWAs don’t fail in DeFi because of demand. They fail on risk.

Adam Sadowski (@WormholeOracle) from @LlamaRisk explains why oracle design needs a new layer, risk-aware data, not just price feeds.

A new stack for safely bringing RWAs onchain:

[LlamaRisk @LlamaRisk]

We're in Cannes 🇫🇷

Today, our Founder & CEO Adam Sadowski is speaking at @stable_summit on risk-managed oracles and accelerating RWA adoption in DeFi.

12:25 PM · JW Marriott

[W⬡rmholeOracle @WormholeOracle]

@ImperiumPaper If you’ll be at stable summit in Cannes, I’ll be speaking on this topic and you might find it interesting

[Stable Summit 🦫 @stable_summit]

Stablecoins only scale if risk is priced correctly.

Adam Sadowski ( @WormholeOracle), Founder and CEO of @LlamaRisk, joins Stable Summit IV to discuss risk-informed data feeds and their role in bringing the next wave of institutional liquidity onchain.

JW Marriott · Cannes · 27-28 March

[W⬡rmholeOracle @WormholeOracle]

@CurveCap You are one of the formative figures in my Curve journey, much love ❤️

[LlamaRisk @LlamaRisk]

We're seeking renewal as @CurveFinance's risk provider for 2026–2027.

Curve is a powerhouse of DeFi innovation, and we are grateful to have the opportunity to serve this community.

Partners since 2022 🤝 Here's what's next 👇

[LlamaRisk @LlamaRisk]

Recent market conditions have been unusually severe. Sharp BTC and ETH moves triggered rapid deleveraging across DeFi, translating into sustained pressure on @CurveFinance lending markets—particularly mint rates and the $crvUSD peg.

These dynamics are not unexpected in the current macro environment. Elevated leverage and external volatility can temporarily increase crvUSD’s sensitivity as YieldBasis scales. While stabilization mechanisms continue to function as intended, timely execution matters during periods of rapid deleveraging.

Actions taken:
➣ scrvUSD revenue share is increased to strengthen crvUSD demand
➣ eDAO is authorized to soft-pause YB pools in case of emergency
➣ eDAO is authorized to draw 400K crvUSD from the DAO treasury for peg defense
➣ Mint rates are reduced to limit repayment pressure
➣ Defined escalation paths for additional action, if required

All response actions are coordinated with Swiss Stake and Curve stakeholders.

Full details on each step below ↓

[LlamaRisk @LlamaRisk]

LlamaRisk │ @ethena since 2024. 🤝

Our collaboration with Ethena goes back to 2024, when we launched the Ethena Risk Monitoring Dashboard with a transparent view into the protocol’s risk posture and reserve adequacy.

The Reserve Fund sits on top of Ethena’s core risk management and serves as an additional protection layer. It helps keep USDe overcollateralized during drawdowns that may arise from perpetual futures exposure, negative funding rates, or unexpected operational losses.

The size of the Reserve Fund is not arbitrary.

LlamaRisk and @blockworks, as part of Ethena’s Risk Committee, continuously analyze market conditions and simulate stress scenarios under which the Reserve Fund could be invoked. Specifically for this reason LlamaRisk has developed the Reserve Fund drawdown methodology, continuously quantifying the capital adequacy and recommending the capitalization levels that protect Ethena from tail-risk drawdown scenarios.