Aave to exit Sonic, Scroll, Aptos, and three other blockchain markets affecting $98 million in supplied assets

Aave is moving to deprecate dozens of low activity asset reserves and shut down six blockchain deployments as part of a broad effort to reduce the lending protocol’s economic and technical risk. Aave founder Stani Kulechov said the protocol will deprecate 50 low adoption reserves across several deployments. It will also orderly wind down its markets on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, covering another 25 reserves. The process also includes 21 matured Pendle Principal Tokens that will be replaced by reserves linked to newer maturities. Together, the changes affect approximately $98.1 million in supplied assets and $15.6 million in outstanding debt. “These measures reduce Aave’s economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework,” Kulechov said. The recommendations were prepared by DeFi risk service provider LlamaRisk alongside other Aave service providers working on reducing the protocol’s risk surface. According to the review, the individual reserve removals cover $85.3 million in supply and $11.5 million in debt. The six complete market closures account for another $12.8 million in supply and $4.1 milli...