Echo Protocol has announced its decision to gradually shut down after nearly two years of operation. Currently, new deposits and loans have been halted for Lending, new deposits have been stopped for Strategy, and new staking has been disabled for LSD. However, users can still continue repaying loans, withdrawing assets, unstaking, and performing necessary liquidations. According to the schedule, borrowers must repay outstanding loans and release their collateral as soon as possible, while Strategy and LSD users should gradually complete their exits and claim their assets. The final deadline for repayments, withdrawals, and unstaking is November 19 at 23:59 UTC; any unpaid loans after this time will enter the collateral liquidation process. After the protocol ceases operations, the aBTC redemption function for the Aptos-to-B² Bridge will remain available, and further details regarding liquidations and fund distribution will be announced through official channels.
Echo Protocol Announces Gradual Shutdown, with Withdrawal and Repayment Processes Now Initiated
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Summary
Echo Protocol has launched a protocol update, initiating the gradual shutdown of its services after nearly two years of operation. Lending, Strategy, and LSD functions no longer accept new deposits or borrowing, though users can still withdraw, repay, and unstake. Borrowers must repay outstanding loans and release collateral by November 19, 2026, 23:59 UTC, or face liquidation. The Aptos-to-B² Bridge’s aBTC redemption remains active. Further details on liquidation and fund distribution will be shared through official channels. New token listings will not be supported during the shutdown process.
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