Aave Scraps Low-Reserve Assets and Winds Down Deployments on Six Chains

Aave's $98 million cleanup signals a shift in DeFi strategy. The protocol plans to scrap 50 reserve assets with low adoption and wind down deployments on six chains.

The affected chains include Aptos, Sonic, Scroll, zkSync, Metis, and Soneum. Aave will also axe support for Pendle PTs (principal tokens). This move is expected to reduce the protocol's risk exposure.

Aave's founder, Stani Kulechov, stated that the goal is to 'reduce our economic and technical risk surface' as part of the new Aave Risk Framework and Technical Asset Listing Framework.

The new framework was formed in June by LlamaRisk, Aave's risk service provider. It aims to cover active monitoring, chain, bridge, and asset risk profiles.