TechFlow reports that cross-chain DeFi lending aggregator Fuji Finance will shut down its protocol and cease operations. Users must withdraw their funds via the Fuji user interface by December 31, 2023. Starting in 2024, users will need to interact directly with smart contracts unless community members decide to continue maintaining the front-end application.
Fuji Finance stated: "Since February this year, the Fuji team has been raising funds to continue developing the protocol and building the future of cross-chain DeFi operations. We were unable to find a product-market fit. As our funds continue to diminish, we have decided it is necessary to begin winding down the company and ending operations."
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