ChaosLabs.xyz – GoDaddy customer – (United States)
Developers use .xyz domains to harness the power of blockchain technology and provide secure and transparent solutions. Auditing platform Sherlock.xyz is aimed at keeping your smart contracts bug-free. Crypto wallet security solution Blowfish.xyz aims to help identify and prevent fraud before it happens. Digital asset management solution Delegate.xyz aims to reduce the risk of theft by securely delegating utility rights for NFTs to other wallets. In this week’s #BlockchainThursday, we’ll introduce you to an on-chain risk management solution designed to help DeFi platforms navigate market volatility and enhance security: ChaosLabs.xyz.
ChaosLabs.xyz is the online home of Chaos Labs, a New York-based startup focused on on-chain risk management solutions for decentralized finance (DeFi). Founded in 2021, the company provides real-time data, risk alerts, and automated tools designed to address the growing need for effective risk management in the rapidly expanding DeFi sector. The platform has gained traction by helping protocols like Aave, GMX, and Jupiter secure, monitor, and optimize their operations. In August 2024, Chaos Labs raised $55 million in a Series A funding round led by Haun Ventures, with participation from F-Prime Capital, Slow Ventures, and PayPal Ventures.1
In September 2024, PayPal Ventures further demonstrated its commitment to blockchain security by increasing its investment in Chaos Labs. The exact amount of the additional investment has not been disclosed, but PayPal’s support reflects a shared goal of improving security within the crypto ecosystem. 2PayPal Ventures’ continued investment in Chaos Labs reflects an alignment with the company’s focus on DeFi risk management. Chaos Labs’ offerings, including the Edge protocol, are designed to enhance the security of both digital and real-world assets. PayPal’s own interest in decentralized finance has grown, notably with the launch of its PYUSD stablecoin on the Solana blockchain in 2023, aimed at reducing transaction costs and increasing transaction speed.
As decentralized finance grows, maintaining security and managing risk have become critical concerns for the sector. Chaos Labs provides tools designed to address these challenges, including dashboards and decentralized oracle solutions that automate risk management tasks. The company’s Edge protocol offers actionable insights and real-time price data, designed to enhance the security and efficiency of DeFi applications. These solutions can help DeFi platforms to respond to market volatility and reduce the potential for human error.
Omer Goldberg is the founder and CEO of Chaos Labs. Prior to founding Chaos Labs in 2021, Goldberg worked at Instagram as a Tech Lead from July 2020 to July 2021. In this role, he led the mobile experience for Commerce Ads, with an emphasis on feed and stories. His work at Instagram involved optimizing the platform’s ad shopping experience, particularly in areas related to ad placement in user feeds and stories.
Chaos Labs’ choice of .xyz for their website, ChaosLabs.xyz, aligns well with their focus on innovation in the decentralized finance (DeFi) sector. The .xyz domain is often associated with forward-thinking companies and emerging technologies, making it a fitting choice for a company that operates at the intersection of blockchain, risk management, and DeFi. The .xyz extension has gained popularity among web3, AI, AR/VR, and blockchain pioneers due to its flexibility and association with a new generation of internet users, which mirrors Chaos Labs’ commitment to building the future of decentralized financial systems. Chaos Labs positions itself within a community of innovative organizations and tech-driven ventures by choosing .xyz, reinforcing their image as a modern, future-focused company. The global and neutral appeal of .xyz also complements Chaos Labs’ mission to build trust and transparency in financial markets that are accessible 24/7, worldwide. You can learn more by following the startup on X/Twitter and LinkedIn @chaos-labs-xyz, and by visiting ChaosLabs.xyz.
1.https://www.coindesk.com/tech/2024/08/15/chaos-labs-raises-55m-as-demand-grows-for-on-chain-risk-management/ 2.https://blockchaintechnology-news.com/news/paypal-boosts-investment-in-chaos-labs-for-blockchain-security/XYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.
