Oxium, a DeFi lending platform in the Sei ecosystem, said it will stop operating, citing revenue that has become too low amid prolonged unfavorable market conditions and stating that operations are no longer financially sustainable. According to Odaily, the platform said user-deposited assets remain intact and under users’ control.
Oxium urged users to plan ahead and withdraw funds in an orderly manner. It said its front end is scheduled to shut down on August 1, 2026, and recommended that users cancel any unfilled orders, close existing positions, and withdraw assets held on the platform.
Oxium to Cease Operations, Front End Set to Close on August 1, 2026
2026-06-26 04:24:09
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