Wu Blockchain (@WuBlockchain): Aave to Wind Down Deployments on Scroll, zkSync, Sonic, Metis, Soneium, and Aptos, Affecting $98.1M in Deposits
Estimated coin impact
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Aave to Wind Down Deployments on Scroll, zkSync, Sonic, Metis, Soneium, and Aptos, Affecting $98.1M in Deposits Aave founder Stani Kulechov said the protocol will deprecate 50 low-adoption asset reserves and wind down deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos. It will also retire 21 matured Pendle principal tokens, with the changes affecting about USD 98.1 million in supplied assets and USD 15.6 million in debt as Aave seeks to reduce economic and technical risks. Aave is DeFi’s largest lending protocol by total value locked, with about USD 14.3 billion across 23 chains.