Echo Protocol to Wind Down After Nearly Two Years on Aptos
Photo: TokenPost
Echo Protocol is winding down, and unpaid loans may face collateral liquidation. Unpaid loans may face collateral liquidation. Users can still repay loans and withdraw assets. Echo has already stopped taking new deposits and loans through its lending product, and interest accrual has ended. Its Strategy product no longer accepts deposits, while its liquid staking service has stopped taking new stakes. Existing users can continue withdrawing assets and requesting unstaking. The Bitcoin (BTC)-focused protocol has operated for nearly two years on Aptos. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
