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TechFlow news: Fixed-rate lending protocol Sense Finance has decided to gradually shut down the Sense protocol, open-source its UI for community use, and advises users to withdraw their funds by December 1, 2023.
The Sense Core team will cease contributing to the protocol, as Sense Finance is currently building a new protocol.
Last August, Sense Finance raised $5.2 million in seed funding from investors including Dragonfly and Robot Ventures.
Fixed-rate lending protocol Sense Finance has decided to gradually shut down the Sense protocol, open-sourcing its UI for community use, and advising users to withdraw their funds before December 1, 2023. The Sense Core team will cease contributing to the protocol, as Sense Finance is currently building a new protocol. Last August, Sense Finance completed a $5.2 million seed funding round backed by Dragonfly, Robot Ventures, and others.
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