DeFi platform Dango will cease operations, trading will be suspended on July 29th, and L1 network will be closed on August 13th

DeFi platform Dango announced the end of project operations. On July 29th at 20:00 (UTC+8), the platform stopped trading, and the remaining positions were settled at the oracle price. DLP Vault deposits were unlocked, and funds were returned to the user's spot account in USDC form. On August 13th at 20:00 (UTC+8), the Dango L1 blockchain stopped running, and the funds that were not withdrawn were returned to the user's deposit address on Ethereum. Dango suggests that users close their positions and withdraw funds as soon as possible.