THE BLOCK: Aave to phase out 96 reserves and exit six deployments, impacting $98.1M in supplied assets

AI Market Summary

Aave plans to deprecate 96 asset reserves and wind down six deployments, impacting about $98.1M of supplied assets. The scope includes low-adoption reserves, certain cross-chain deployments (Sonic, Scroll, zkSync, Metis, Soneium, Aptos), and matured Pendle PT markets under a revised risk framework. Near-term, this may reduce liquidity and activity in affected markets while concentrating usage on core Aave venues.

Impact level

● Medium

Affected assets

AAVE/USDT+0.46%

AI Insight · AAVE/USDTAI Insight

● Neutral

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THE BLOCK: Aave plans to deprecate 96 asset reserves and wind down six deployments, a move that affects $98.1 million in supplied assets. Founder Stani Kulechov said the review spans 50 low-adoption reserves, 25 reserves across Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, and 21 matured Pendle PTs evaluated under Aave's new risk framework.

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