Aave Considers Shutting Six V3 Markets Amid Risk Reduction Efforts

Aave, a leading decentralized lending protocol, is considering shutting down six of its V3 markets and cutting 50 low-use reserves in an effort to reduce economic and technical risk. The proposal, outlined in an Aave Request for Comment (ARFC), aims to wind down V3 markets on chains such as Aptos, Sonic, Scroll, zkSync, Metis, Soneium, and Aptos.

The affected reserves cover $98.1 million in supplied collateral and $15.6 million in outstanding debt, according to the ARFC. The proposal also recommends retiring 21 matured Pendle principal token listings across 11 deployments.

Aave founder Stani Kulechov framed the move as a reduction of the protocol's risk surface under its new risk framework and technical asset listing framework.