Aave Abruptly Cancels Plans for Six Underperforming Blockchain Partners

Aave, a decentralized lending giant, is planning to wind down its V3 deployments on six blockchain platforms: Sonic, Scroll, zkSync, Metis, Soneium, and Aptos. The move aims to reduce debt by putting $4.1 million of it on a staged exit path.

LlamaRisk, the Aave risk service provider behind the proposal, cited support costs exceeding revenue as the main reason for this decision. According to LlamaRisk's data from July 28, Sonic, Scroll, and zkSync generate less than $5,000 in quarterly protocol revenue at current balances, while Metis, Soneium, and Aptos each generate less than $1,000.

The proposal, which is still under discussion as of July 31, would freeze all reserves on these platforms, cutting their supply and borrow caps to 1. Reserves carrying debt would receive a 99% reserve factor and a 5% interest rate model base variable rate.