According to an official announcement, the decentralized lending protocol ZeroLend has decided to cease operations after three years. ZeroLend stated that several early-supported blockchains have become inactive or experienced significant liquidity declines, oracle providers have ceased support, and increased attacks from hackers and scammers have resulted in the protocol operating at a loss for an extended period. Currently, most markets have set their loan-to-value (LTV) ratio to 0%, and ZeroLend strongly advises users to withdraw any remaining funds on the platform as soon as possible. For on-chain assets with severely deteriorated liquidity, the team is developing a solution to upgrade the execution time lock to redistribute affected assets.