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Home BlockchainZeroLend Latest DeFi Platform to Shut Down Amid Liquidity, Revenue Pressures
Blockchain

ZeroLend Latest DeFi Platform to Shut Down Amid Liquidity, Revenue Pressures

by Decrypt
written by Decrypt 0 comments
ZeroLend Latest DeFi Platform to Shut Down Amid Liquidity, Revenue Pressures

In brief

  • DeFi lending platform ZeroLend said it will wind down operations after three years.
  • Its native token ZERO fell 45%, extending steep monthly and yearly losses.
  • The shutdown follows a string of DeFi closures amid liquidity and revenue pressures.

Decentralized finance lending platform ZeroLend said it plans to shut down after three years of operations, citing mounting operational challenges and an unsustainable business model.

“We have made the difficult decision to wind down operations. Despite…

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