Aave Winds Down Low-Adoption Assets Amid Risk Mitigation Efforts

Aave, the largest DeFi lending protocol by total value locked, is planning to phase out 50 low-adoption asset reserves as part of a move to reduce its economic and technical risks. According to founder Stani Kulechov, the protocol will also wind down deployments on six blockchain networks: Scroll, Sonic, zkSync, Aptos, Metis, and Soneium.

The affected assets total approximately $98.1 million in supplied assets and $15.6 million in outstanding debt. As part of this initiative, Aave will retire 21 matured Pendle principal tokens.

Kulechov stated that the move is intended to mitigate economic and technical risks associated with these low-usage assets. With approximately $14.5 billion deployed across 23 blockchain networks, Aave remains one of the largest players in DeFi lending.