Aave Begins Phasing Out 75 Low-Usage Reserve Assets Amid Restructuring Efforts

Aave, a leading lending protocol in the decentralized finance sector, is undergoing a comprehensive restructuring process to improve efficiency. The protocol will phase out assets with low usage rates and scale back operations on some blockchain networks.

According to Aave founder Stani Kulechov, the protocol will gradually end support for 50 reserve assets on its own network that are not seeing sufficient usage. Additionally, support will be phased out for 25 reserve assets on the Sonic, Scroll, zkSync, Metis, Soneium, and Aptos networks.

The decision aims to ensure more efficient use of platform resources and focus on assets with strong user interest. The restructuring process will affect approximately $98.1 million in reserve assets and $15.6 million in loan positions.

Aave management stated that support will be phased out gradually, with necessary transition plans implemented to minimize customer inconvenience during this process.