Aave weighs closing six V3 markets as LlamaRisk recommends 50-reserve offboarding
NEW YORK, Aug. 2. Fifty low-use reserves across six Aave V3 blockchain markets are under consideration for wind-down after LlamaRisk, a DeFi risk management service, recommended offboarding every position on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos. Action against most of those instances was already under way before the firm published its formal recommendation, LlamaRisk said.
Key takeaways
- LlamaRisk, a DeFi risk management service, recommended offboarding every reserve across six Aave V3 markets: Sonic, Scroll, zkSync, Metis, Soneium, and Aptos.
- A total of 50 low-use reserves span the six targeted markets and are under consideration for wind-down.
- LlamaRisk's stated basis for the recommendation was low use, and it called for full wind-down of each chain rather than selective cuts or carve-outs.
- Action against most of the flagged instances was already under way before LlamaRisk published its formal recommendation.
- LlamaRisk did not specify which instances remained pending at the time of the report.
NEW YORK, Aug. 2. Fifty low-use reserves across six Aave V3 blockchain markets are under consideration for wind-down after LlamaRisk, a DeFi risk management service, recommended offboarding every position on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos. Action against most of those instances was already under way before the firm published its formal recommendation, LlamaRisk said.
LlamaRisk's case for offboarding
The recommendation covered all reserves on each of the six named chains as a group, not a curated subset. LlamaRisk's stated basis was low use. The firm did not call for selective cuts or carve-outs within any of the six deployments.
Fifty reserves in total span the targeted markets. Each chain holds Aave V3 infrastructure that LlamaRisk identified for removal.
What had already happened
Most of the flagged instances had already seen action before LlamaRisk published its report, the firm said. The formal recommendation, in those cases, followed moves already in progress. LlamaRisk did not specify which instances remained pending at the time of the report.
The six networks, Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, were each recommended for full wind-down rather than evaluated reserve by reserve.