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Aave Founder Backs $98M Market Cleanup

July 31, 202603:05 AM
Aave Founder Backs $98M Market Cleanup

Aave founder Stani Kulechov is backing a major $98.1 million market cleanup as the lending protocol prepares to wind down deployments on six blockchains and remove dozens of lightly used asset markets. The strategic move aims to streamline operations and focus on more productive areas.

This restructuring comes amid rising multichain costs and Aave's strategic pivot toward larger, more efficient markets. With plans to remove 50 assets, the protocol is signaling a shift toward optimization and enhanced returns for users, reflecting broader consolidation trends within the DeFi ecosystem.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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