Everlend Finance, a decentralized finance protocol running on the Solana blockchain, is shutting down its services. The platform is also urging its clients to withdraw funds from the platform as its services have been affected by the market liquidity triggered by the collapse of FTX.<\/p>\n
The announcement by Everlend Finance noted that while the company could still sustain its operations now, it was not viable for it to continue rendering services given the current market conditions, adding that it would be a gamble to do so.<\/p>\n
\nWe are deeply saddened to announce that as of today our team has decided to close down https:\/\/t.co\/UiTuuSdyrB<\/a> and won’t continue its development<\/p>\n
— Everlend (@EverlendFinance) February 1, 2023<\/a><\/p><\/blockquote>\n