From TokenPost · · 40s
Echo Protocol Ends Operations
Echo Protocol stops new deposits and loans after Nov 20 deadline.
In brief
Echo Protocol stops new deposits and loans after Nov 20 deadline. Echo Protocol halts new deposits and borrowing across services by Nov 20, ending its two-year operation with existing users able to withdraw assets and repay loans. Originally reported by TokenPost.
Echo Protocol wind-down
Echo Protocol ends new deposits and borrowing across services by Nov 20, allowing users to withdraw assets and repay loans.
Interest accrual stops
The protocol stops interest accrual on its lending service and no longer accepts deposits for its Strategy product.
Post-shutdown actions
Unpaid loans after Nov 20 will have collateral liquidated, with proceeds going to lenders.
At a glance
Echo Protocol halts new deposits and borrowing across services by Nov 20, ending its two-year operation with existing users able to withdraw assets and repay loans.
