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#CelebratingNewYearOnGateSquare ❌ ZeroLend is closing.
The project founder announced a complete shutdown, stating that "the protocol is no longer viable."
Reasons:
▪️ Several supported networks have become inactive or lost liquidity.
▪️ Oracle providers have ceased support for certain blockchains.
▪️ The protocol has been operating at a loss for an extended period.
▪️ Increased hacking attacks.
The locked value volume (TVL) has decreased from approximately $359m (peak in November 2024) to $6.6 million.
❗️The team urges users to withdraw their funds.