#protocol-shutdown News & Analysis

2 articles tagged with #protocol-shutdown. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

DeFiBearishCryptoPotato · Feb 287/107

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The End of Step Finance: How a Wallet Compromise Killed the Solana DeFi Aggregator

Step Finance, a Solana DeFi aggregator, is shutting down permanently after suffering a wallet compromise. The team explored fundraising and acquisition options but concluded no sustainable recovery path existed following the security breach.

$SOL

DeFiBearishCoinTelegraph – DeFi · Feb 176/107

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DeFi lender ZeroLend shuts down, blames illiquid chains

DeFi lending protocol ZeroLend has announced its shutdown, with founder 'Ryker' citing inactive blockchains and prolonged periods of operating at a loss. The closure highlights the challenges facing DeFi protocols operating on multiple chains with insufficient liquidity.