LlamaRisk proposes moving $1.33B of collateral out of Aave core

LlamaRisk has proposed moving $1.33B in collateral out of Aave's core markets. Under the plan, affected reserves would be frozen first, leaving existing loans open while borrowers switch collateral or migrate to Aave V4. A withdrawal of that size signals risk concerns at the protocol and could pressure Aave's liquidity and governance token if executed.