Aave, the largest DeFi lending protocol with $14.3 billion in deposits, is moving to deprecate 50 low-adoption asset reserves and fully wind down its deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, under a governance proposal posted Wednesday by risk provider LlamaRisk.
The changes touch $98.1 million in supplied assets and $15.6 million in outstanding debt, or less than 1% of the protocol's deposits, according to DefiLlama. The individual removals cover 50 reserves plus 21 matured Pendle principal tokens across eleven deployments, holding $85.3 million of supply. The six whole-market shutdowns add 25 reserves and $12.8 million.
"After a comprehensive review, Aave is deprecating 50 low adoption asset reserves across multiple deployments," founder Stani Kulechov said on X early Thursday.
Hours later, he added that the move "should not be interpreted as a view on any L1 or L2. The goal is simply to reduce Aave's operational, technical, and economic risk surface so we can focus on higher-impact priorities such as growing existing high value markets and expanding to securities finance."
AAVE traded at $98.61, up 0.5% in the past 24 hours, roughly in line with Bitcoin's 1.1% gain, per CoinGecko.
