Solana's early DeFi protocol Lifinity has announced that it will gradually cease operations.
By: theblockbeats.news|2025/12/19 06:16:11
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BlockBeats News, December 19th, according to SolanaFloor, Solana's early DeFi protocol Lifinity announced that it will gradually shut down its operations. Previously, with near-unanimous approval through a "Protocol Termination" proposal in the community governance, the team will unify the approximately $42 million treasury assets + $1.4 million development fund into USDC and distribute them proportionally to LFNTY token holders.
The community expects that each token can be allocated $0.90–$1.10. The redemption system is expected to go live approximately 9 days later, and any remaining funds unclaimed within a year will be airdropped again proportionally to users who have claimed.
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