Everlend Finance suspends operations, urges users to withdraw funds
Join Our Telegram channel to stay up to date on breaking news coverage Everlend Finance, a decentralized finance protocol running on the Solana blockchain, is shutting down its services. The platform is also urging its clients to withdraw funds from the platform as its services have been affected by the market liquidity triggered by the collapse of FTX. Everlend Finance halts services amid liquidity issues The announcement by Everlend Finance noted that while the company could still sustain its operations now, it was not viable for it to continue rendering services given the current market conditions, adding that it would be a gamble to do so. We are deeply saddened to announce that as of today our team has decided to close down https://t.co/UiTuuSdyrB and won’t continue its development — Everlend (@EverlendFinance) February 1, 2023 The company said that the deposits made on the underlying protocols were being held in vaults. However, the app would not allow...