ParaSpace co-founder Jay and others apologize to the community and resign from their positions

ChainCatcher news, Twitter bio of NFT lending protocol ParaSpace co-founder and advisor Jay tweeted: "Earlier today, I resigned from my position at ParaSpace along with other team members. While we are still working hard to complete our solutions, I want to take a moment to apologize to the community because our internal affairs have affected our users—this was never meant to be a public issue and should have been resolved internally. I am sorry that it was not. I sincerely hope Yubo and ParaSpace move forward."

Earlier, ParaSpace founder Yubo tweeted that they have been closely working with institutional partners to increase platform liquidity and reduce interest rates. In the future, they will form an international team and bring more transparency to the community.

It is reported that ParaSpace has successfully deployed the protocol on the Arbitrum network and will engage in more collaboration with the Arbitrum team. (source link)