Echo Protocol Winds Down, Stops New Deposits and Borrowing
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Echo Protocol is winding down, with withdrawals and repayments still available, though its shutdown notice lists conflicting November deadlines.
Echo Protocol has stopped accepting new deposits and allowing new borrowing as it winds down operations, according to The Defiant.
Users can still withdraw funds and repay outstanding loans. Those functions remain available despite the restrictions on new activity.
The shutdown notice includes conflicting November deadlines ahead of collateral liquidation, leaving the precise cutoff unclear in the information reported.
Source: The Defiant
