The Bitcoin DeFi project Omnity Network announced it will cease operations, and its products will be shut down within 30 days

The Bitcoin DeFi project Omnity Network announced that it will gradually cease operations due to depleted operating funds. Its products RichSwap and Satsman will stop operations within the next 30 days. The team reminds RichSwap liquidity providers to withdraw liquidity as soon as possible and states that it will upgrade the smart contracts and lift existing lock-up restrictions so that users can withdraw funds without limitations.

A specific timeline for operations and liquidity withdrawal guidelines will be announced soon, and support channels will remain open for 30 days during the transition period to assist users in completing related operations. Although the project will cease operations, core team members will continue to support the Bitcoin ecosystem and plan to participate in related development through personal and developer collaborative organizations.