🚨 ANOTHER BITCOIN DEFI PLATFORM IS SHUTTING DOWN!
Echo Protocol has announced a complete wind-down of its core operations after nearly two years!
🔴 New lending deposits and borrowing STOPPED.
🔴 Yield accrual discontinued.
🔴 New staking and strategy deposits HALTED.
🔴 Loan repayment deadline: November 14.
🔴 Final withdrawal deadline: November 19, 23:59 UTC.
💀 THE TWIST?
Echo helped bring $BTC liquidity into Aptos $APT DeFi through aBTC. Now users must unwind positions before the protocol closes.
$ECHO is the project’s native token, but no final token settlement plan has been confirmed.
⚠️ The Aptos-to-B² aBTC redemption bridge will remain available. This is NOT a shutdown of Bitcoin or Aptos.
IS THE BITCOIN DEFI BOOM LOSING MOMENTUM?
#Bitcoin #EchoProtocol #DeFi #CryptoShutdown #CryptoNews
Echo Protocol has announced a complete wind-down of its core operations after nearly two years!
🔴 New lending deposits and borrowing STOPPED.
🔴 Yield accrual discontinued.
🔴 New staking and strategy deposits HALTED.
🔴 Loan repayment deadline: November 14.
🔴 Final withdrawal deadline: November 19, 23:59 UTC.
💀 THE TWIST?
Echo helped bring $BTC liquidity into Aptos $APT DeFi through aBTC. Now users must unwind positions before the protocol closes.
$ECHO is the project’s native token, but no final token settlement plan has been confirmed.
⚠️ The Aptos-to-B² aBTC redemption bridge will remain available. This is NOT a shutdown of Bitcoin or Aptos.
IS THE BITCOIN DEFI BOOM LOSING MOMENTUM?
#Bitcoin #EchoProtocol #DeFi #CryptoShutdown #CryptoNews