Aave Considers Shutting Down Deployments on Six Blockchains Due to Low Revenue
Aave, the largest decentralized lending protocol, is considering a governance proposal to shut down its deployments on six blockchains: Sonic, Scroll, zkSync, Metis, Soneium, and Aptos. The move is driven by economic factors, as these deployments generate less than $5,000 in revenue per quarter each, failing to cover operational costs. Deposits on these chains have fallen by over 70% in the past six months, with their combined deposits of $13 million representing less than 1% of Aave's total assets across 23 chains. Existing positions would not be forcibly closed, but new deposits, borrowing, and collateral use would be frozen, with measures to encourage users to migrate.
Source:CoinDesk · Source Link
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