Markets
Behold, the Farce Unfolds:
- ZeroLend, that grand illusion of decentralized lending, hath collapsed like a poorly constructed nose on a Gogol protagonist, after three long years of toil. The culprits? Oh, the usual suspects: unsustainable economics, margins thinner than a bureaucrat’s conscience, and hacks more persistent than a nosy neighbor.
- The noble team, in their final act of chivalry, doth proclaim their priority: to allow users to flee with their assets, especially from those forsaken chains-Manta, Zircuit, and XLAYER-where liquidity hath dried up like a forgotten puddle in a Russian winter.
- And lo, the victims of last year’s LBTC exploit on Base shall receive partial refunds, courtesy of ZeroLend’s LINEA token allocation. A meager consolation, but beggars cannot be choosers, eh?
Ah, ZeroLend, that once-proud protocol, now lies in ruins, a victim of its own ambition and the cruel whims of the blockchain gods. “Unsustainable economics,” they cry! As if the very air they breathed were taxed by some invisible hand. Inactive blockchains, you say? But of course! For who would dwell in a ghost town, save for the ghosts themselves?
The protocol, which once strutted across various blockchains like a peacock in full plumage, now limps away, tail between its legs. Price data providers, those fickle creatures, withdrew their support, and liquidity shrank faster than a coward in a duel. And the hackers? Ah, those mischievous imps, ever lurking in the shadows, ready to pounce on the unwary.
“Thin margins and high risk,” the team laments, as if they had just discovered the meaning of life. But fear not, dear reader, for they have not forgotten their duty. Their top priority, they declare with great solemnity, is to ensure that users may withdraw their assets. A noble gesture, indeed, though one wonders if it is not too little, too late.
For those poor souls trapped on the low-liquidity chains of Manta, Zircuit, and XLAYER, the team promises to update the smart contracts on a set schedule. Withdraw quickly, they warn, for the loan-to-value ratio hath been set to 0%, and borrowing is no more. A grim fate, but such is the way of the world.
And what of the LBTC holders on Base? Those unfortunate souls who fell victim to the exploit in February last year? Fear not, for partial refunds are on the way, funded by the team’s LINEA drop allocation. A small mercy, but mercy nonetheless. “Contact the moderators,” they plead, “or submit a support ticket.” For in this tragic comedy, communication is key.
Thus ends the tale of ZeroLend, a cautionary story of hubris, hacks, and the fleeting nature of digital dreams. “For token holders, this marks the conclusion of the ZeroLend journey,” the team declares. And so, like a character in one of Gogol’s absurd tales, ZeroLend vanishes into the ether, leaving behind only questions, laughter, and the faint echo of what might have been.
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2026-02-17 10:25