Aave consolidates its multichain lending footprint, with a new governance proposal (ARFC) recommending the winddown of its V3 markets across six blockchains. If approved, the proposal covers $98.1 million in supplied assets and $15.6 million in outstanding debt.
Risk management service LlamaRisk collaborated with Aave service providers to develop the recommendation. It calls for offboarding 50 low-use reserves and retiring 21 matured Pendle principal token listings across 11 deployments.
The proposal targets all 25 reserves on Sonic, Scroll, zkSync, Metis, Soneium and Aptos. Reserves on Scroll, zkSync, Metis and Soneium were already frozen. Sonic and Aptos markets remain active but are now recommended for freezing.
This proposed exit from Aptos follows 11 months after Aave launched its V3 market on the chain. LlamaRisk data showed Aptos liquidity dropped 94 percent over six months, with quarterly revenue falling below $1,000.
The proposal aligns with a previous community vote. A temporary check on Aave's multichain strategy, concluded Dec. 5, 2025, saw 923,400 votes in favor of increasing reserve factors on underperforming instances and shutting down instances on zkSync, Metis and Soneium. That vote also established a $2 million annual revenue floor for new instance deployments.
Scroll was added to the affected protocols through an accelerated process in April. LlamaRisk filed a direct-to-AIP proposal to freeze all Scroll reserves and raise selected reserve factors, citing deterioration in network liquidity and Aave market activity.
Aave published an updated risk framework on June 9, outlining criteria for winding down reserves or deployments based on asset, bridge, monitoring and chain risk. The proposal indicates the protocol's de facto adoption of these new rules.
Aave founder Stani Kulechov said the actions will “reduce Aave’s economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.” Kulechov said Thursday in a post.
Kulechov said the move does not signify a reversal of Aave’s multichain expansion strategy. Instead, he characterized it as a refocusing on select protocols, emphasizing Aave will continue risk assessment across all deployments. Aave also launched on Avalanche this month.
An ARFC functions as a proposal and precursor to a formal Aave Improvement Proposal (AIP). The full implementation of these changes requires a subsequent on-chain vote.
