[DigitalToday reporter Chi-gyu Hwang] DeFi protocol Aave has put forward a governance proposal to remove low-use assets from its reserves and to end services deployed on 6 smaller blockchain networks.
The Block reported on July 30 that the move affects $98.10 million in deposited assets and $15.60 million in outstanding debt.
Aave founder Stani Kulechov (스타니 쿨레초프) disclosed the proposal on July 30, the report said. The proposal, prepared by risk services firm LlamaRisk, is based on a review under Aave's newly presented risk framework. LlamaRisk applied the framework across all deployed assets rather than addressing a single specific asset.
The proposal recommended removing 50 low-adoption reserves across 11 Aave V3 deployments and 21 maturing Pendle principal tokens (PT). It also called for fully shutting deployments on 6 smaller blockchain networks: Sonic, Scroll, zkSync, Metis, Soneium and Aptos. An additional 25 reserves are also affected there.
The Block said the review reflects the application of Aave-wide portfolio risk standards to filter out reserves that lack sufficient activity to maintain price oracles, liquidation infrastructure and continuous risk monitoring. For reserves slated for removal, new activity will be frozen, supply and borrowing caps will be reduced, and the reserve factor for borrowable assets will be raised.