📰 Vestige officially announced it will shut down its entire DeFi platform on Algorand on December 31, 2026, because trading volume is insufficient to cover costs.
📌 The website, API, and swap aggregator will cease operations. Although they once routed more than $200 million in total volume, that figure is cumulative over the platform’s lifetime, not a steady stream of funds.
📌 Vestige Labs has committed to burning all remaining VEST tokens in its reserve fund, along with the liquidity receipt tokens held by the company. Users who deposited assets in vaults can still access them through legacy.vestige.fi.
Market sentiment is leaning defensive. DeFi capital on Algorand was already thin and now has even less support, with little direct impact on $BTC , $ETH , or $BNB .
💬 Do you have a position in a Vestige vault, and have you planned your withdrawal?
#DeFi #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making any decisions (DYOR).
📌 The website, API, and swap aggregator will cease operations. Although they once routed more than $200 million in total volume, that figure is cumulative over the platform’s lifetime, not a steady stream of funds.
📌 Vestige Labs has committed to burning all remaining VEST tokens in its reserve fund, along with the liquidity receipt tokens held by the company. Users who deposited assets in vaults can still access them through legacy.vestige.fi.
Market sentiment is leaning defensive. DeFi capital on Algorand was already thin and now has even less support, with little direct impact on $BTC , $ETH , or $BNB .
💬 Do you have a position in a Vestige vault, and have you planned your withdrawal?
#DeFi #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making any decisions (DYOR).