Aave's governance is considering a proposal to wind down its V3 markets across six blockchains, affecting $98.1 million in supplied assets and $15.6 million in debt on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos.
The proposal aims to offboard 50 low-use reserves and retire 21 matured Pendle principal token listings across 11 deployments. These balances were measured on July 28.
DeFi risk management service LlamaRisk, collaborating with other Aave service providers, recommended the wind-down, specifically advising the retirement of every reserve on the six identified networks.
Scroll, zkSync, Metis, and Soneium already have frozen reserves. Sonic and Aptos remain active, though the proposal recommends freezing their reserves as well.
Aave launched its V3 market on Aptos 11 months ago. Available liquidity on Aptos has dropped 94 percent over six months, with quarterly revenue falling below $1,000, according to LlamaRisk data.
The proposal follows a temp check on Aave's multichain strategy that concluded Dec. 5, 2025. The vote showed 923,400 votes in favor, with under 1 percent opposed, for increasing the reserve factor on underperforming instances, shutting down instances on zkSync, Metis, and Soneium, and establishing a $2 million annual revenue floor for new deployments.
Scroll was added to the affected list in April through an accelerated process. 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, outlining criteria for winding down reserves or deployments based on asset, bridge, monitoring, and chain risk. The current proposal indicates a de facto adoption of these rules.
Aave founder Stani Kulechov said the move will "reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework." He clarified that the consolidation is a strategic refocusing on select protocols, not a reversal of Aave's multichain expansion strategy, and that "Aave will continue applying continuous risk assessment for all assets across all deployments."
The proposal comes shortly after Aave launched its V3 market on Avalanche earlier this month.
The current proposal is an Aave Request for Comment (ARFC), a precursor to a formal Aave Improvement Proposal (AIP). It does not represent a completed on-chain vote or execution.
