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Aave plans to wind down V3 deployments on six chains
The proposal targets 25 lending reserves with $12.8 million supplied, and includes freezing reserves and cutting supply and borrow caps to 1.
Aave is moving toward winding down its V3 deployments on six blockchain networks, according to a July 29 forum-stage proposal discussed in an Aave Request for Final Comments (ARFC). The plan, based on data dated July 28, would place $4.1 million of debt on a staged exit path, with existing positions remaining open during the initial step.
CryptoSlate reports the ARFC would cover 25 lending reserves across Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, with $12.8 million supplied and lending balances managed separately from other targeted items. LlamaRisk, the risk service provider behind the recommendation, argued that operating support costs outweigh revenue, citing protocol activity that generates less than $5,000 in quarterly revenue for Sonic, Scroll, and zkSync, and under $1,000 for Metis, Soneium, and Aptos at current balances, without quantifying the shortfall.
For the six full-market exits, the proposal would freeze every reserve and cut both supply and borrow caps to 1. Reserves carrying debt would also receive a 99% reserve factor and a 5% interest rate model base variable rate, changes designed to direct nearly all borrower interest to the Aave treasury rather than supplier yield.
The framework includes a staged rollout to limit liquidation risk by halting new supply, new borrowing, and use as fresh collateral, while keeping already open positions in place. The proposal says any additional unwind actions would be considered case by case if balances remain, and it also references potential later steps such as adjusting interest rate curves or gradually reducing exposure.