BlockBeats News, February 16 — Multi-chain lending protocol ZeroLend officially announced:
After three years of building and operating the protocol, the team has made the difficult decision to gradually cease operations. Despite ongoing efforts, the current form of the protocol is no longer sustainable.
In recent times, several chains supported early on by ZeroLend have become inactive or experienced significant liquidity declines. In some cases, oracle providers have also ceased support, making it increasingly difficult to reliably operate markets or generate sustainable revenue. Meanwhile, as the protocol expanded, it attracted more malicious actors, including hackers and scammers. Coupled with the inherently low profit margins and high risks associated with lending protocols, this has resulted in the protocol operating at a loss for a long period.
The team’s current top priority is to ensure users can safely withdraw their assets. All users are strongly advised to withdraw any remaining funds from the platform as soon as possible.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Citrea Launches Foundation to Advance Bitcoin’s Programmable Future
Citrea has launched the Citrea Foundation to enhance Bitcoin's programmable ecosystem, focusing on open-source development, community involvement, and capital market functionality. The foundation aims to promote decentralization, fund research, and support developers while advancing Bitcoin's role in financial markets.
ICOHOIDER38m ago
XRP Ledger Powers $280 Million Diamond Tokenization in Major UAE Real-World Asset Deal
Ripple’s tokenization of 1 billion AED worth of diamonds, “isn’t just a win for the UAE, it’s a masterclass in how the XRP Ledger handles high-value RWA at scale,” says Reece Merrick.
The network is solving the trust gap by integrating Ripple Custody’s bank-grade vaulting with XRPL’s native f
CryptoNewsFlash57m ago
The alliance of 12 EU banks, Qivalis, plans to launch a euro stablecoin in the second half of this year.
Qivalis was established by 12 EU banks and plans to launch a euro-pegged stablecoin compliant with MiCA regulations in the second half of the year. It will support sufficient liquidity and 24-hour redemption, aiming to provide an alternative to USD stablecoins and a cross-border payment tool for the Eurozone.
GateNews1h ago
Polygon Announces Lisovo Hardfork on March 4 to Boost Performance and Wallet Compatibility
Polygon will activate the Lisovo hardfork on March 4 before block 83,756,500, with node operators asked to upgrade in advance.
The upgrade adds PIP-82 gas subsidies, CLZ support, passkey wallet improvements, flexible fees, and stronger transaction checks.
The Polygon Foundation has
CryptoNewsFlash1h ago
Vitalik Pushes Ethereum Redesign Past Layer 2 Focus
Vitalik Buterin proposes EIP-7864 to enhance Ethereum's scalability by replacing the hexary Merkle Patricia tree with a binary tree, reducing proof size and costs. He also suggests a shift towards a RISC-V-based execution engine to improve efficiency, though critics warn of increased complexity and potential vulnerabilities.
CryptoFrontNews1h ago
