"
Then: "The proposal, submitted by risk analysis firm LlamaRisk, argues that maintaining small, low-adoption markets carries operational risk and cost that outweigh any benefit. These six markets collectively hold $98.1 million in deposits and $15.6 million in debt — less than 1% of Aave's total deposits. Yet they generated under $5,000 per quarter, not enough to pay for oracles and monitoring."
Translation: "Proposal yang diajukan oleh firma analisis risiko LlamaRisk berargumen bahwa mempertahankan pasar kecil dengan adopsi rendah membawa risiko operasional dan biaya yang lebih besar daripada manfaatnya. Keenam pasar ini secara kolektif menyimpan $98,1 juta dalam deposito dan $15,6 juta dalam utang — kurang dari 1% dari total deposito Aave. Namun mereka menghasilkan di bawah $5.000 per kuartal, tidak cukup untuk membayar oracle dan pemantauan."
Note: "oracles" is often left as "oracle" in Indonesian, but could be "oracle" or "orakel". I'll use "oracle" as it's common in crypto.
"monitoring" -> "pemantauan".
Paragraph 3: "LlamaRisk's rationale is straightforward: Aave is one of DeFi's most important lending protocols, and resources should focus on larger, more productive markets. The proposal also includes offboarding 50 low-use reserves and 21 matured Pendle Principal Tokens across the broader Aave ecosystem."
Translation: "Alasan LlamaRisk sederhana: Aave adalah salah satu protokol pinjaman terpenting di DeFi, dan sumber daya harus difokuskan pada pasar yang lebih besar dan lebih produktif. Proposal ini juga mencakup pengeluaran 50 cadangan yang jarang digunakan dan 21 Pendle Principal Token yang telah jatuh tempo di ekosistem Aave yang lebih luas."
Note: "Pendle Principal Tokens" - keep as is, it's a specific token.
"matured" -> "jatuh tempo" (expired) or "matang"? In finance, "matured" means due, so "jatuh tempo".
Paragraph 4: "
The markets and the numbers
" -> "
Pasar dan angkanya
"
Then: "The affected chains are all part of Aave's V3 expansion into layer-2 networks and alternative L1s. Sonic, Scroll, zkSync, Metis, Soneium, and Aptos each host a V3 market that never gained meaningful traction. Combined, they represent a tiny slice of Aave's $15 billion-plus deposit base."
Translation: "Rantai yang terkena dampak semuanya merupakan bagian dari ekspansi V3 Aave ke jaringan lapisan-2 dan L1 alternatif. Sonic, Scroll, zkSync, Metis, Soneium, dan Aptos masing-masing menjadi tuan rumah pasar V3 yang tidak pernah mendapatkan daya tarik yang berarti. Secara gabungan, mereka mewakili sebagian kecil dari basis deposito Aave yang lebih dari $15 miliar."
"layer-2" -> "lapisan-2" or "layer-2" is common. I'll use "lapisan-2" but might be "layer-2" in tech. I'll keep "layer-2" as it's widely used.
"alternative L1s" -> "L1 alternatif" (L1 = layer 1, keep as L1).
"host" -> "menjadi tuan rumah" or "menampung". I'll use "menampung" maybe more natural.
"traction" -> "daya tarik" or "adopsi". I'll use "daya tarik".
Paragraph 5: "Debt on these markets is just $15.6 million, and the revenue they generate is negligible. LlamaRisk's analysis suggests the cost of maintaining separate oracle feeds, risk monitoring, and governance overhead for each market exceeds the income. The proposal doesn't specify exact cost figures, but the gap is clear: less than $5,000 per quarter in revenue versus ongoing operational expenses."
Translation: "Utang di pasar-pasar ini hanya $15,6 juta, dan pendapatan yang mereka hasilkan dapat diabaikan. Analisis LlamaRisk menunjukkan bahwa biaya untuk memelihara feed oracle terpisah, pemantauan risiko, dan biaya overhead tata kelola untuk setiap pasar melebihi pendapatan. Proposal tidak menyebutkan angka biaya yang pasti, tetapi kesenjangannya jelas: kurang dari $5.000 per kuartal dalam pendapatan dibandingkan dengan biaya operasional yang berkelanjutan."
"feed oracle" -> "feed oracle" or "umpan oracle". I'll use "feed oracle" as it's technical.
"overhead" -> "biaya overhead" or just "overhead".
Paragraph 6: "The proposal is currently at the ARFC stage — Aave's first formal step in governance. That means it's still under discussion, not a done deal. The community can debate, suggest changes, or reject it. If it gains enough support, it will move to a Snapshot vote, then to an on-chain AIP (Aave Improvement Proposal) for final execution."
Translation: "Proposal saat ini berada pada tahap ARFC — langkah formal pertama Aave dalam tata kelola. Itu berarti masih dalam diskusi, bukan keputusan final. Komunitas dapat berdebat, menyarankan perubahan, atau menolaknya. Jika mendapat dukungan yang cukup, proposal akan bergerak ke pemungutan suara Snapshot, kemudian ke AIP (Aave Improvement Proposal) on-chain untuk eksekusi akhir."
"ARFC" - keep as is, it's an acronym.
"Snapshot" - keep as is, it's a voting platform.
"on-chain" -> "on-chain" or "di rantai". I'll keep "on-chain".
Paragraph 7: "LlamaRisk has not set a timeline for the next steps. The affected markets remain live for now. Users with positions on those chains can still interact with them, but the proposal signals that Aave's governance is willing to prune underperforming branches to keep the protocol lean. The question now is whether the community agrees that small, quiet markets are more trouble than they're worth."
