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
Ghana’s Central Bank Tests Stellar-Based Akuna Wallet for Creator Economy Payments
Akuna Wallet entered the Bank of Ghana’s VASP sandbox to test Stellar-based cross-border payment tools for creators and freelancers.
The platform targets payment costs in Sub-Saharan Africa, where cross-border transfers average 8.8%, above the UN’s 3% goal.
Akuna Wallet has joined the Bank o
CryptoNewsFlash44m ago
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash47m ago
Osmosis Proposal Aims to Align Cosmos Around ATOM as Core Coordination Asset
Osmosis has proposed merging its chain into the Cosmos Hub to make its DEX native infrastructure for the Hub.
The merger would swap OSMO tokens for ATOM at a rate of 0.0355:1.998, based on price patterns in the past 30 days.
Osmosis, the largest decentralized application in the Cosmos
CryptoNewsFlash51m ago
VeChain StarGate Staking Platform Shows Strong Growth Three Months After Hayabusa Fork
VeChain's StarGate staking platform has experienced significant growth post-Hayabusa fork, cutting annual VTHO emissions by 50.2% and increasing active stakers by 93.9%. The platform now holds 10.7 billion VET, enhancing user participation and rewards structure.
CryptoNewsFlash54m ago
Kraken Announces Upcoming Listing of Pi Network Token Ahead of Pi Day 2026 and Key Upgrades
Kraken plans to list PI as Pi Network advances recent protocol upgrades and moves closer to its March 12 upgrade deadline.
PI is already listed on OKX, Bitget, HTX, and BitMart, while token unlocks beginning March 12 could increase near-term supply.
Kraken has moved toward listing Pi Network
CryptoNewsFlash1h ago
