#Aave資產精簡與代幣經濟學

NEW: @Aave proposes to remove 50 underused assets and shut down six smaller versions of its lending protocol, affecting $98.1M in deposits and $15.6M in outstanding loans. https://t.co/HK4iDQgIfq

After a comprehensive review, Aave is deprecating 50 low adoption asset reserves across multiple deployments. In addition, Aave is orderly winding down deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, covering another 25 asset reserves. As part of this process, 21 matured Pendle PTs are also being deprecated in favour of new maturities. In total, the changes affect $98.1M in supply and $15.6M in debt. These measures reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework. Aave will continue applying continuous risk assessment for all assets across all deployments.

The recent low adoption asset and network wind-downs on Aave should not be interpreted as a view on any L1 or L2. The goal is simply to reduce Aave's operational, technical, and economic risk surface so we can focus on higher-impact priorities such as growing existing high value markets and expanding to securities finance. L2s remain critical to Ethereum's user experience. For example, Aave App's Stable Vaults use an L2 as their accounting layer which will onboard mainstream into DeFi. Likewise, networks such as Avalanche play an important role in bringing RWAs onchain through institutional business development, an area where Ethereum has historically been lacking.

One of the crazier charts out there. Market structure increasingly important in the short term! "About 75% of deleveraging in leveraged ETF positions appeared to be done, JPM said. "The AUM of levered ETFs has dropped by over $100bn... and of that $100bn, $63bn AUM has come out of semis. To contextualize that, 39% of levered semi ETF aum has been reduced."

More specifically it's negative-sum. NFT value and backing cancel at settlement. Protocol creates nothing. Just moves assets and takes a cut. Buyers need V/B above 1.10. Depositors need below 1.07. No overlap. Both sides lose in the gap. Emissions hid it for 15 days. Those ended.