The multi-chain lending protocol ZeroLend announced a gradual shutdown and advised users to withdraw their funds as soon as possible

The multi-chain lending protocol ZeroLend has officially announced:

After three years of building and operating the protocol, the team has made the difficult decision to gradually cease operations. Despite the team's ongoing efforts, the current form of the protocol is no longer sustainable.

In recent times, several chains that ZeroLend initially supported have become inactive or experienced a significant decline in liquidity. In some cases, oracle providers have also stopped their support, making it increasingly difficult to reliably operate the market or generate sustainable income. Meanwhile, as the scale of the protocol expanded, it attracted more malicious actors, including hackers and scammers. Combined with the inherently low-profit and high-risk nature of lending protocols, this has led to the protocol being in a state of long-term losses.

The team's current top priority is to ensure that users can safely withdraw their assets. All users are strongly advised to withdraw any remaining funds from the platform as soon as possible.