Aave DAO mulls pulling back ‘multichain strategy,’ deprecating zkSync, Metis and Soneium instances
Summary
The Aave community is discussing a potential strategic reversal of its aggressive multichain expansion, driven by concerns that operational costs and risks associated with several V3 instances outweigh the generated revenue. An Aave Chan Initiative (ACI) representative proposed deprecating instances on zkSync, Metis, and Soneium, citing their low total value locked (TVL) and minimal revenue generation compared to major deployments like Ethereum and Base. For instance, Metis generates only about $3,000 in annualized revenue, while Ethereum mainnet generates over $142 million. ACI also suggested imposing a $2 million annual revenue floor for future deployments and instituting stablecoin reserve factors for other lower-earning chains like Polygon and BNB Chain. While a preliminary snapshot poll shows 100% support, community members hold nuanced views; some governance advisers agree on deprecating the three mentioned chains but see others as strategically important, while some token holders caution against reducing Aave's ecosystem presence, arguing it contradicts the broader trend of multichain growth.
(Source:The Block)