The economics behind Aave proposal to ditch 6 chains that earn loose change in revenue
Neutral+0.80%
30 Jul, 14:25
Source: CoinDesk
AI Summary
Aave governance proposes shutting down deployments on six underperforming chains and retiring 50 asset markets due to minimal revenue and deposit declines exceeding 90%.
A governance proposal would shut deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, and retire 50 asset markets elsewhere. Deposits on some have fallen more than 90%.