Last week, @chaos_labs shipped @pendle_fi PT Risk Oracle for @aave; 485 m+ combined deposits in 8 days. It’s the first time maturity-based, fixed-yield tokens with real liquidity are available on Aave, and a dynamic risk feed is powering them. Principal tokens aren’t static and require "smart feeds". PT tokens drift from “high-vol, long-dated” to “cash-like” as maturity approaches. static oracles configurations and risk params miss that transformation, forcing protocols to over-guard early and choke capital late. Chaos Oracles stream data from the Chaos risk engine, so collateral limits expand as the instrument de-risks. Lenders earn more, borrowers unlock extra headroom. No safety trade-off. As onchain finance matures, you can’t quote a price without factoring in risk, liquidity, volatility, venue depth, and counterparty proofs. Tokenized treasuries and other RWA will only amplify those data needs. @pendle_fi and @ethena_labs PT-USDe oracles are just the start. Next-gen Oracles will stop asking “What’s the price?” and answer “What’s it worth right now with every signal and moving part in view?”