# Chaos Labs - Monthly Community Update

**URL:** https://governance.aave.com/t/chaos-labs-monthly-community-update/11174
**Category:** Governance
**Created:** [December 25, 2022, 9:17am UTC](https://governance.aave.com/t/chaos-labs-monthly-community-update/11174 "2022-12-25T09:17:53Z")
**Posts on this page:** 1
**Showing post:** 4

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### Author: ![ChaosLabs](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/chaoslabs/32/6850_2.png) [@ChaosLabs](https://governance.aave.com/u/ChaosLabs)
#### Post date: [March 31, 2023, 7:15pm UTC](https://governance.aave.com/t/chaos-labs-monthly-community-update/11174/4 "2023-03-31T19:15:50Z")

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# March 2023

## Overview

This update highlights the past month’s activities and proposals and shares our planned work.

## Highlights

- USDC depeg - following the USDC depeg, the Chaos team started a “war room” to monitor and analyze the markets while providing community recommendations to mitigate risk. The summary of events can be found in our [blog post](https://chaoslabs.xyz/posts/chaos-labs-usdc-depeg-summary).
  - We published our [evaluation of the stablecoin e-Mode category](https://governance.aave.com/t/evaluating-stablecoin-e-mode/12299). In this analysis, we examined several alternatives to mitigating future shortfalls due to stablecoin depegs while examining their impact on risk and protocol reward.

- GHO
  - Provided our analysis and recommendations for the [GHO genesis parameters](https://governance.aave.com/t/arfc-gho-genesis-parameters/12151/5), including bucket capacity, borrowing rates, and target DEX liquidity figures.
  - Launched the [GHO Risk Monitoring Dashboard](https://community.chaoslabs.xyz/aave-testnet/ccar/gho). This new dashboard, currently supporting the Goerli test net version of GHO, provides real-time monitoring of the stablecoin and allows users and developers to dive deep into GHO data and usage. For more details and product run-through, please read our dedicated [blog post](https://chaoslabs.xyz/posts/chaos-labs-aave-gho-risk-monitoring-dashboard).

 ![Screen Shot 2023-03-28 at 4.59.36 PM](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/7/7a80ceddfc23075351271a89ecdf7b8dadfe029e.jpeg)

- We are constantly iterating and improving the [Chaos Risk Monitoring Platform](https://community.chaoslabs.xyz/aave-v2/ccar/overview) and have added support for Ethereum V2 data and analytics. In addition, we added support for Optimism on the [Chaos Labs Parameter Recommendation Platform](https://community.chaoslabs.xyz/aave/recommendations).

 ![Screen Shot 2023-03-28 at 4.27.58 PM](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/e/e49e3b15d148aefc529a4f29be60577306437ae8.jpeg)

- We published our [E-Mode Methodology](https://governance.aave.com/t/chaos-labs-e-mode-methodology/12357). In the methodology, we analyze two key properties as a requirement for E-mode assets: Pairwise prices must (1) be **historically mean reverting** and (2) they must **mean-revert fast**. The full paper can be found [here](https://chaoslabs.xyz/resources/chaos_aave_e_mode.pdf).

- Published our [Isolation Mode Methodology](https://governance.aave.com/t/chaos-labs-isolation-mode-methodology/12440). We have adopted a **stress-testing**  
framework to recommend debt ceilings for isolated assets and utilize this methodology in our recommendations for new asset listings. The full paper can be found [here](https://chaoslabs.xyz/resources/chaos_aave_isolation_mode.pdf).

- We provided our recommendations on the V2 → V3 migration process. Chaos views this as an iterative process while evaluating individual use cases and taking appropriate actions accordingly. The full post can be found [here](https://governance.aave.com/t/arc-aave-community-plan-for-v2-v3-migration/12291/14).

- Eight proposals were published (listed below) across V2 and V3 deployments for risk parameter updates and risk mitigation.

- Provided analysis and supported the following proposals:

## What’s Next

In the coming month, the Chaos team will focus on the following few areas:

- Community plan for V2 → V3 migration is based on the principles laid [here](https://governance.aave.com/t/arc-aave-community-plan-for-v2-v3-migration/12291/14)

- Continuous optimization of risk parameters on V3 deployments

- New features on the [Chaos Risk Monitoring Platform](https://community.chaoslabs.xyz/aave-v2/ccar/overview) to improve community engagement.

- Analysis and parameter recommendations for new assets and markets.

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_[View the full topic](https://governance.aave.com/t/chaos-labs-monthly-community-update/11174)._