US EditionDeFi protocol ZeroLend shuts down after 3 years, citing inactive chains and hacks
ZeroLend's total value locked collapsed from $359 million to $6.6 million as liquidity dried up and oracle support vanished, forcing a protocol shutdown after three years.
- On Wednesday, ZeroLend announced it is winding down operations after three years, urging withdrawals and setting most markets to 0% loan‑to‑value ratios, as the team said 'users can safely withdraw their assets'.
- ZeroLend's operators point to shrinking liquidity on Layer‑2 networks like Manta, Zircuit and XLAYER, and thin lending margins made the protocol unsustainable, the team said.
- At its peak in November 2024, ZeroLend held nearly $359 million in TVL, which has collapsed to roughly $6.6 million, a drop of about 98%, while the ZERO token fell 34% yesterday and is down 99% from its 2024 high.
- The team plans smart‑contract updates to free stranded assets on low‑liquidity chains like Manta, Zircuit, XLAYER, and will issue partial LBTC refunds on Base, as the protocol winds down.
- Amid broader DeFi strain, the shutdown highlights liquidity fragility and security risks; for token holders, the project's closure appears final, marking the end of the ZeroLend journey.
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ZeroLend shuts down after revenue collapse and inactive chain issues - The Blockopedia
The end of a three-year lending protocol ZeroLend, a multi-chain decentralized lending platform, has announced it’s closing permanently after three years of operation. The founder, who goes by Ryker, explained that ongoing operational losses combined with a worsening market situation made the business unsustainable. It’s a sobering reminder that even protocols with significant traction can […] The post ZeroLend shuts down after revenue collapse …
Crypto Lending Protocol ZeroLend Shuts Down Citing Sustainability Concerns and Hacks
Quick take: The platform is shutting down after three years due to several chains that it supports becoming “inactive or significantly less liquid.” ZeroLend also claims some oracle providers discontinued support, making it increasingly difficult to operate markets reliably or generate sustainable revenue. The teams also said the platform began to attract greater attention from malicious actors, including hackers and scammers, as the protocol g…
ZeroLend winds down operations, citing revenue collapse and inactive chains
ZeroLend winds down operations citing revenue collapse and loss of support on inactive chains as ZERO plunges toward $0. The post ZeroLend winds down operations, citing revenue collapse and inactive chains appeared first on Crypto Briefing.
ZeroLend Announces Shutdown After Three Years As TVL Collapses And Security Risks Rise
Decentralized lending protocol ZeroLend is winding down operations after roughly three years in the market, marking another high-profile exit in a sector grappling with shrinking margins and persistent security challenges. The team confirms that the immediate priority is ensuring users can safely withdraw funds, particularly on lower-liquidity networks where exits may take longer to process. The shutdown comes after a steep contraction in activi…
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