Set Labs announces the cessation of development for Set Protocol V2 and the TokenSets user interface
ChainCatcher news, the development team of the asset management platform Set Protocol, Set Labs, announced that they will cease development of Set Protocol V2 and the TokenSets user interface. The team will relinquish the multi-signature ownership rights of Set Protocol V2 and will redeploy the existing TokenSets website to IPFS to facilitate users in withdrawing or redeeming funds from the protocol.It is reported that Set Protocol is used to create, manage, and acquire a basket of tokenized assets, with the main use case being the construction of structured DeFi products. Set Labs stated that this was a difficult decision, but ultimately believes that this action is in the best interest of the protocol and the community. (Source link)
