Mango Markets will gradually cease operations starting tomorrow, having previously reached a settlement with the SEC
Solana's on-chain DEX, Mango Markets, is gradually ceasing its operations after reaching a settlement with the SEC, conducting governance voting, and dealing with legal issues caused by vulnerabilities in 2022. Yesterday, Mango Markets announced through its X account that "it's time to close positions as the platform is shutting down". This move follows the requirements of "adjusting interest rates and collateral" in the governance proposal to end lending exposure on the platform which will take effect on January 13th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoftBank develops contingency plans for slowdown in US data center business, considers shifting to other countries
A new twist has emerged in the US AI data center investment boom. SoftBank is preparing for cooling US demand and a deteriorating political environment, and does not rule out shifting data center construction priorities to other countries. As cross-border computing power delivery capability improves and investment returns come under question, the logic behind AI infrastructure expansion is loosening, and over $3.5 trillion in infrastructure investment now faces potential impairment risks.
Quantumrail Cancels 10 Billion Won Convertible Bond Offering
Crypto prices
More
