Why Aave Proposes Quitting 6 Blockchains that Earn Under $5,000 a Quarter

Why Aave proposes quitting 6 blockchains that earn under $5,000 a quarter

A governance proposal would shut deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, and retire 50 asset markets elsewhere. Deposits on some have fallen more than 90%.

Aave moves to wind down six chains in $98M cleanup

Aave proposes winding down six networks and 96 reserves, affecting $98.1 million supplied and $15.6 million in outstanding debt.

Aave Deprecates 50 Low-Adoption Assets and Winds Down Six Chain Deployments

Aave is deprecating 50 low-adoption asset reserves across its lending markets and winding down its deployments on six blockchains. In a July 30 post on X, founder Stani Kulechov noted that the move touches $98.1 million in supply and $15.6 million in debt and comes wrapped in two new internal rulebooks meant to keep the protocol from carrying assets nobody is really using. Aave Commences Plan to Offboard Low Activity Reserves “Aave is deprecatin…

Why Aave's $98M cleanup signals a shift from 'deploy everywhere' DeFi

Aave to remove 50 low-use reserve assets and exit six blockchains to avoid a KelpDAO-like exploit incident in the future

Aave to exit Sonic, Scroll, Aptos, and three other blockchain markets affecting $98 million in supplied assets

Aave is moving to deprecate 50 low adoption reserves and wind down six deployments covering $98.1 million in supply and $15.6 million in debt. The post Aave to exit Sonic, Scroll, Aptos, and three other blockchain markets affecting $98 million in supplied assets appeared first on Crypto Briefing.

Aave Proposal Would Axe $98M of Markets Across 6 Chains

What Assets Does Aave Plan To Offboard? Aave has proposed removing dozens of low-adoption reserves and closing six smaller blockchain deployments under a governance initiative affecting approximately $98.1 million in supplied assets and $15.6 million in outstanding debt. The review covers 50 low-adoption reserves and 21 matured Pendle Principal Tokens across 11 Aave V3 deployments. It also recommends fully winding down Aave markets on Sonic, Scr…