Odaily Planet Daily News Starknet Ecological Lending Protocol zkLend announced on the X platform that it will shut down its services, saying that the vulnerabilities it has suffered in recent months have severely damaged user confidence. In addition, mainstream exchanges such as Bybit and KuCoin have recently delisted ZEND, further limiting the liquidity and accessibility of tokens. This situation severely limits the ability to effectively configure new projects.
In view of these circumstances, zkLend will use the remaining treasury funds ($200,000) to support affected users through a recovery fund, and will provide community support in the process, including:
1. DeFi Spring, Recovery, and kSTRK portals will remain active, and users can access and cancel or claim pledges;
2. Will continue to work with zeroShadow to leverage their expertise in tracking lost funds. Any recovered funds will go directly to the user recovery fund.
3. The audited and updated code base will be open sourced for further development by any interested parties, and is expected to be released in the next few weeks.