DANGO PERP DEX SHUTS DOWN
Dango , A perpetuals DEX on its own Layer-1 chain is winding down after ~4 months live, citing โno viable path to lasting commercial success.โ
Timeline:
๐น July 29, 12PM UTC โ Trading halts, positions close at oracle price
๐น Aug 13, 12PM UTC โ L1 chain goes offline; leftover funds refund to original ETH addresses
โ
All funds return as USDC to spot accounts. Withdraw early, liquidity will be thin.
Details:
๐น Raised $3.6M (2024 seed, Hack VC & Lemniscap)
๐น TVL fell ...