Diva Staking ran out of money in mid-2024. After that, three team members spent about two and a half years writing code without pay. This summer, it ran on the Hoodi testnet for four straight months without a hitch, yet not a single major participant was willing to help launch its mainnet. On October 29, the team announced a gradual shutdown; the mainnet will not launch.
Users who had deposited funds still have an exit: funds in the early staking vault can be withdrawn through Enzyme. The team said it could not afford the cost of new audits or the ongoing maintenance needed to launch a complex protocol. It was also concerned that AI would make it easier to find vulnerabilities, leaving users’ funds exposed if a complex system slipped through an audit.
Reading this as “yet another DeFi project shutting down” misses the point. This story is about two things unrelated to code: launching depends on major institutions giving the green light, and audit costs are a hard barrier for a three-person team. The team’s remark that “the market cares more about compliance, ETFs, and regulation” points directly to the kind of protocol that has recently been exiting the scene.
#以太坊 #流动性质押 #DeFi
Users who had deposited funds still have an exit: funds in the early staking vault can be withdrawn through Enzyme. The team said it could not afford the cost of new audits or the ongoing maintenance needed to launch a complex protocol. It was also concerned that AI would make it easier to find vulnerabilities, leaving users’ funds exposed if a complex system slipped through an audit.
Reading this as “yet another DeFi project shutting down” misses the point. This story is about two things unrelated to code: launching depends on major institutions giving the green light, and audit costs are a hard barrier for a three-person team. The team’s remark that “the market cares more about compliance, ETFs, and regulation” points directly to the kind of protocol that has recently been exiting the scene.
#以太坊 #流动性质押 #DeFi