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Solana Early DeFi Protocol Lifinity Announces Gradual Shutdown

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Solana’s early DeFi protocol Lifinity announced a gradual shutdown on December 19, with a nearly unanimous community vote to terminate the protocol. The team will convert $42 million in treasury assets and $1.4 million in development funds into USDC for proportional distribution to LFNTY token holders. The token launch redemption system is set to go live in nine days, with unclaimed funds airdropped after one year.
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