Sei Ecological DeFi Lending Platform Oxyum announced the cessation of operations and plans to close its front-end on August 1, 2026

The Sei Ecological DeFi lending platform Oxyum has announced the cessation of operations due to long-term unfavorable market conditions resulting in low revenue, and the current operation is unable to achieve financial sustainability. Oxyum states that the assets deposited by users into the platform are safe and can be controlled by the users themselves. It is recommended that users cancel all unfinished orders, close existing positions, and withdraw assets. The front-end plan is to close on August 1, 2026.