ZeroLend Announces Gradual Shutdown After Three Years of Operation

ZeroLend, a multi-chain lending protocol, has announced its decision to gradually cease operations after three years of development and management. According to ChainCatcher, the team has faced challenges in maintaining the sustainability of the protocol in its current form. In recent times, several chains initially supported by ZeroLend have become inactive or experienced significant liquidity declines. Additionally, some oracle providers have withdrawn their support, complicating the reliable operation of markets and the generation of sustainable revenue. As the protocol expanded, it attracted increased attention from malicious actors, including hackers and scammers. These factors, combined with the inherently low-profit and high-risk nature of lending protocols, have resulted in prolonged financial losses for ZeroLend. The team's primary focus now is to ensure users can safely withdraw their assets. Users are strongly advised to promptly remove any remaining funds from the platform.