Aave Plans Major Restructuring of V3 Markets and Token Listings
Vexoda Newsroom
Aave is proposing a significant cleanup by closing six V3 blockchain markets and offboarding 50 low-use reserves to reduce economic and technical risk. The move follows earlier actions on Scroll, zkSy
In a recent development in the decentralized finance (DeFi) space, Aave has announced plans to close six of its V3 blockchain markets—Sonic, Scroll, zkSync, Metis, Soneium, and Aptos—and offboard 50 low-use token listings. This strategic move is part of an effort by Aave to reduce economic and technical risk surfaces as outlined in the new Aave Risk Framework and Technical Asset Listing Framework.
According to a governance proposal submitted to Aave’s decentralized autonomous organization (DAO), the proposed actions would involve retiring reserves on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos that have seen minimal use. The cleanup targets $98.1 million in supplied assets and approximately $15.6 million in debt. Additionally, 21 matured Pendle principal token listings across 11 deployments are also recommended for offboarding.
The decision to wind down these markets comes after a thorough review by Aave’s risk management service provider LlamaRisk. The analysis revealed that the liquidity available on Sonic and Aptos had dropped significantly over six months, with quarterly revenue remaining below $1,000. Scroll was added through an accelerated process in April due to its rapid decline in network liquidity.
Aave founder Stani Kulechov emphasized that this restructuring is a strategic refocusing rather than a reversal of the protocol’s multichain expansion strategy. He stated on Thursday: 'This will reduce Aave's economic and technical risk surface as part of our new frameworks.' Despite these changes, Aave plans to continue applying continuous risk assessment for all assets across its various deployments.
The broader implications of this move are significant in the DeFi space. It reflects a trend where projects are reassessing their multichain strategies based on performance metrics and user engagement levels. Similar actions have been taken by other DeFi protocols, such as Luno’s recent staff cuts and BNY Mellon’s blockchain push to bring transfer agency records onto the blockchain.
Traders should monitor Aave's progress in executing this proposal through future ARFC (Aave Risk Framework Committee) proposals and onchain votes. The community will closely watch how these changes impact liquidity, user engagement, and overall protocol stability across different blockchains.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.