Sense Finance will gradually shut down the Sense protocol and open source the UI for community use

ChainCatcher message, the fixed-rate lending protocol Sense Finance has decided to gradually shut down the Sense protocol and open-source the UI for community use, advising users to withdraw any remaining funds through the existing portal UI by December 1, 2023.

The Sense Core team will stop contributing to current and future versions of the Sense protocol. Sense Finance also stated that it is building a new protocol.

According to the crypto data platform RootData, in August 2021, Sense Finance completed a $5.2 million seed round financing, with participation from Dragonfly, Robot Ventures, and others.