Aave moves to wind down Scroll, zkSync and Aptos in reserve cull
Aave’s founder Stani Kulechov named Scroll, zkSync and Aptos among the smaller deployments that the project plans to fully retire in part of a sweeping proposal to deprecate another 50 low-adoption asset reserves in a governance push announced on Thursday.
According to the governance forum filing drafted by risk provider LlamaRisk, the two-part plan is supposed to remove about $98.1 million in supplied assets and $15.6 million in outstanding debt from these so-called low-adoption asset reserves.
That total is a combination of:
- Individual reserve removals across 11 Aave V3 deployments, covering 50 reserves and another 21 matured Pendle Principal Tokens. Altogether, those come up to $85.3 million in supply and $11.5 million in debt.
- Another 25 reserves could be taken offline via six whole-market shutdowns worth $12.8 million in supply and $4.1 million in debt.Contribution of each deployment to the supplied value on Aave. Source: LlamaRisk
Which chains will Aave deprecate whole markets on?
Kulechov confirmed that the governance filing is proposing an “orderly winding down” of entire markets on six chains (Sonic, Scroll, zkSync, Metis, Soneium and Aptos) instead of doing a reserve-by-reserve review.
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