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Cointelegraph by Jesse Coghlan

DeFi lender ZeroLend to wind down after losses from inactive and illiquid blockchains

Decentralized lending protocol ZeroLend will fully shut down after roughly three years of operation, with founder Ryker citing inactive and low‑liquidity blockchains and oracle providers dropping support as key reasons. The protocol, which focused on Ethereum layer‑2 networks, has seen its total value locked plunge from nearly $359 million in November 2024 to $6.6 million, while its ZERO token dropped 34% in the last 24 hours as users are urged to withdraw remaining funds.
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