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
Solana Expands Institutional Outreach With New Lightspeed IR Platform
Solana has launched Lightspeed, a new investor relations platform to access protocol tokens with at least $100 million in market cap.
The tool will offer on-chain data, in-depth research and sector breakdowns, broken down to match what institutions have been used to in legacy finance.
In
CryptoNewsFlash56m ago
The number of upgraded tokens on Pump.fun has been reduced to 1.15% of the newly issued tokens.
The token upgrade amount for Pump.fun has risen to 1.15%, the highest level since 2025, driving an increase in transaction fees on Pump.Swap. This is the first breakthrough above 1% in several months, but the historical peak reached 2%.
GateNewsBot59m ago
Dash Evolution chain integrates Zcash Orchard privacy pool
Dash announces that it will integrate Zcash's Orchard shielded pool into its Evolution chain, expected to go live in March. Initially, basic transfers will be supported, with privacy features expanded later to support tokenized real-world assets.
GateNewsBot1h ago
VeChain Community Backs New Endorsement Cap for VeBetterDAO Growth
VeChain is rolling out endorsement controls, letting endorsers split points across multiple VeBetterDAO dApps instead of backing only one.
A 49-point cap per endorser per dApp starts first, placing 20+ dApps into a two-week grace period and requiring 3+ endorsers for entry.
VeChain has
CryptoNewsFlash1h ago
Uniswap Labs Proposes Expanding Protocol Fees Across v3 Pools and New Chains
Uniswap Labs proposed a tier-based v3OpenFeeAdapter so protocol fees apply across all v3 pools by fee category.
The proposal expands v2/v3 protocol fees to Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, Worldchain, and Zora.
Uniswap Labs has introduced an active governance proposal to b
CryptoNewsFlash1h ago
