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Solana early-stage DeFi protocol Lifinity announces gradual shutdown of operations

BlockBeats News, December 19 – According to SolanaFloor, the early Solana DeFi protocol Lifinity has announced it will gradually shut down operations. Previously, the community governance nearly unanimously passed the ‘terminate protocol’ proposal. The team will convert approximately $42 million in vault assets plus $1.4 million in development funds into USDC and distribute them proportionally … Read more