A new Aave governance proposal seeks to wind down the lending protocol's V3 markets on six blockchains. The cleanup covers $98.1 million in supplied assets and $15.6 million in outstanding debt across Sonic, Scroll, zkSync, Metis, Soneium and Aptos.
DeFi risk management service LlamaRisk, collaborating with other Aave service providers, recommended the offboarding. The proposal covers 50 low-use reserves and 21 matured Pendle principal token listings spread across 11 deployments. Balances were measured on July 28.
Several affected instances have already seen action. Reserves on Scroll, zkSync, Metis and Soneium are frozen. Sonic and Aptos markets remain active but are now recommended for freezing.
The proposed exit from Aptos comes 11 months after Aave launched its V3 market there. Available liquidity on Aptos has dropped 94 percent over the past six months, with quarterly revenue falling below $1,000, according to LlamaRisk data.
The actions follow a multichain strategy temperature check concluded on Dec. 5, 2025. That vote drew 923,400 votes in favor, with under 1 percent against, for increasing reserve factors on underperforming instances and shutting down zkSync, Metis and Soneium. It also established a $2 million annual revenue floor for new instance deployments.
Scroll was added to the list through an accelerated process in April. LlamaRisk filed a direct-to-AIP proposal to freeze all Scroll reserves and raise selected reserve factors, citing rapid deterioration in network liquidity and Aave market activity.
Aave published an updated risk framework on June 9 detailing criteria for asset, bridge, monitoring and chain risk, along with guidelines for winding down reserves or deployments. The current proposal reflects the protocol's adoption of those rules.
Aave founder Stani Kulechov said in a Thursday post the changes will "reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework."
Kulechov said the move is not a reversal of Aave's multichain expansion strategy but a refocusing on select deployments. "Aave will continue applying continuous risk assessment for all assets across all deployments," he said.
Aave launched on Avalanche earlier this month, illustrating the protocol's targeted deployment approach alongside the wind-down of underperforming markets.
