TechFlow reports that, according to an official announcement on February 17, ZeroLend—the decentralized lending protocol—has decided to cease operations after three years of service. ZeroLend stated that several early-supported blockchains have become inactive or experienced a sharp decline in liquidity; oracle providers have discontinued support; and attacks by hackers and scammers have increased—leading the protocol to operate at a sustained loss.
Currently, the loan-to-value (LTV) ratio has been set to 0% across most markets. ZeroLend strongly advises users to withdraw any remaining funds from the platform as soon as possible. For on-chain assets suffering severe liquidity deterioration, the team is developing a solution involving a timelock upgrade to reallocate affected assets.
