Sei ecosystem DeFi lending platform Oxium announces cessation of operations and plans to shut down its frontend by August 1, 2026.

Sei ecosystem DeFi lending platform Oxium has announced the cessation of its operations due to prolonged adverse market conditions resulting in low revenue, making current operations financially unsustainable. Oxium stated that assets deposited by users on the platform are safe and remain under users’ own control, advising users to cancel all pending orders, close existing positions, and withdraw assets. The front-end is scheduled to shut down on August 1, 2026.