[ARFC] Renew LlamaRisk as Risk Service Provider - epoch 4

[JosueMpia]

@stani

We also discussed their desire to increase their budget and we were supportive of increasing their it by approximately 2x to accommodate the expanded scope of V4, which has been in development for over two years. We also suggested their budget could continue to grow as the work scaled further. That said, the DAO could have disagreed with this take and voted for a higher increase right away if it were proposed.

Team, awesome ARFC, I will be voting yes on this proposal.

Although I am genuinely saddened to see Chaos Labs leaving the DAO, I have strong confidence in LlamaRisk and appreciate the energy and readiness they are bringing to this responsibility.

I did compare this proposal against Chaos Labs’ prior scope here : Chaos Labs last year proposal

and I would love a bit of follow-up on two items that did not seem to be explicitly mentioned here:

1. Reserve factor Risk Oracle tuning. I did not see reserve-factor tuning clearly listed in the Llama proposal’s deliverables or V3 scope summary.
2. Risk Steward execution and automation. I understand this is being handled through a manual implementation path, but it would be helpful to better understand how the proposed setup compares to the more immediate, bounded automation of Chaos. I personally like manual approach and I saw a video of Adam talking about Llamaguard NAV which will also be a nice approach here.

These are not blockers to my support, but additional clarity on these areas would be helpful. Overall, I support the $1.5M upfront, with a split similar to what Ezr3al proposed: $1.25M via Aave token and $1.25M through standard GHO - all streamlined over 12 months.