DeFi lending protocol Aave will wind down deployments on six chains, affecting $98.1M in supplied assets and $15.6M in debt.
Aave will discontinue deployments on Scroll, zkSync, Sonic, Metis, Soneium, and Aptos, impacting $98.1M in supplied assets and $15.6M in debt. The move includes deprecating 50 low-adoption asset reserves and retiring 21 matured Pendle principal tokens to mitigate economic and technical risks.
The protocol, DeFi’s largest lending platform by total value locked, currently manages approximately $14.3 billion across 23 chains. The decision follows a review of underutilized deployments to streamline operations and reduce overhead.
No immediate market reaction was disclosed, though the changes may affect liquidity and user activity on the affected chains.