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DeFi protocol ZeroLend shuts down after 3 years, citing inactive chains and hacks
ZeroLend's total value locked collapsed from $359 million to $6.6 million as liquidity dried up and oracle support vanished, forcing a protocol shutdown after three years.
- On Monday, ZeroLend announced it is winding down after three years, with founder Ryker saying the protocol became unsustainable due to price-data providers dropping support.
- Sustained withdrawals of oracle support and liquidity forced a shutdown, as oracle providers stopped supporting some chains and liquidity dried on Layer‑2 networks including Manta, Zircuit and XLAYER.
- At its peak in November 2024, ZeroLend held nearly $359 million in total value locked, which collapsed by about 98% to roughly $6.6 million, while the ZERO token fell 34% yesterday, down 99% from its 2024 high.
- Users must withdraw funds now as most markets have been set to a 0% loan-to-value ratio, and the team will schedule smart-contract updates to free stranded assets with partial LBTC refunds on Base funded by the team's LINEA drop allocation.
- The shutdown underscores harsh DeFi realities—fleeting liquidity, exploit risks, and waning investor interest testing DeFi protocols, while for token holders the closure appears final, the team said.
12 Articles
12 Articles
ZeroLend winds down operations, citing revenue collapse and inactive chains
ZeroLend winds down operations citing revenue collapse and loss of support on inactive chains as ZERO plunges toward $0. The post ZeroLend winds down operations, citing revenue collapse and inactive chains appeared first on Crypto Briefing.
ZeroLend Shuts Down After Liquidity Collapse and Security Challenges
Key Takeaways ZeroLend is shutting down after liquidity and activity dropped sharply across supported networks. Total value locked fell from approximately $359 million in late 2024 to just over $6 million before closure. Users are urged to withdraw funds promptly, with partial reimbursements planned for prior security-related losses. The decision, shared via social media, follows a prolonged reduction in user activity across several supported b…
Zerolend Founder Announces Protocol Wind‑Down and Withdrawal Guidance
Zerolend announces closure of its lending protocol and urges users to withdraw assets while recovery efforts continue. Deadshot Ryker, founder of Zerolend, posted on Discord that after three years the protocol will wind down operations due to declining liquidity on several chains, loss of oracle support, increased malicious activity, and prolonged unprofitable operation; most markets […]
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