• DeFi protocol ZeroLend shuts down after three years, citing inactive chains and hacks The protocol is shutting down after three years, citing unsustainable economics, thin margins and rising security threats. • What to know: ZeroLend, a decentralized lending protocol operating across multiple blockchains, is shutting down after three years, citing unsustainable economics, thin margins and rising security threats. • The team says its priority is allowing users to safely withdraw assets, especially on low-liquidity chains like Manta, Zircuit and XLAYER. • Users affected by last year’s LBTC exploit on Base will receive partial refunds funded by ZeroLend’s LINEA token allocation. • Decentralized lending protocol ZeroLEnd is winding down operations after three years, citing unsustainable economics amid inactive blockchains and rising security threats. • The protocol, which ran crypto lending markets across various blockchains, said sustained efforts couldn’t overcome challenges such as price data providers dropping support and shrinking liquidity on networks like Manta, Zircuit, and XLAYER.
Article Summaries:
- DeFi protocol ZeroLend shuts down after three years, citing inactive chains and hacks The protocol is shutting down after three years, citing unsustainable economics, thin margins and rising security threats. What to know: - ZeroLend, a decentralized lending protocol operating across multiple blockchains, is shutting down after three years, citing unsustainable economics, thin margins and rising security threats. - The team says its priority is allowing users to safely withdraw assets, especially on low-liquidity chains like Manta, Zircuit and XLAYER. - Users affected by last year’s LBTC explo
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