The Cosmos ecosystem L1 Pryzm project is gradually ceasing operations
Originally the Terra ecosystem project Prism Protocol, in 2024 it was rebranded as Pryzm and focused on yield optimization. The Cosmos ecosystem L1 Pryzm announced that it will gradually cease operations, with plans to complete this by January next year.Pryzm stated that the decision to abandon operations was due to the financial unsustainability of maintaining L1, and there are risks associated with handing over the company to new management. Pryzm urges users to redeem their assets as soon as possible within the next two to three days.
