ZeroLend has announced that it is ceasing operations, has reduced the LTV to 0% for most markets, and is urging users to withdraw their funds as soon as possible.

By: theblockbeats.news|2026/02/17 14:01:17

BlockBeats News, February 17th, the lending protocol ZeroLend announced that it will gradually cease operation. The team stated that after three years of continuous operation, considering the decrease in early supporter chain liquidity, the discontinuation of oracle service support, as well as the protocol's limited profit margin and high risk, the protocol has become difficult to sustainably develop in its current form.

ZeroLend stated that as the protocol's scale expanded, it also attracted more attention from hackers and fraudulent activities, combined with long-term operational losses, ultimately deciding to shut down in an orderly manner. The current top priority is to ensure the security withdrawal of user assets, with most markets already set to 0% LTV. The team strongly recommends that users withdraw remaining funds from the platform as soon as possible.

For assets with significantly deteriorated on-chain liquidity such as Manta, Zircuit, XLayer, some funds are currently in a low liquidity or inactive environment. The team stated that they will progress the reallocation of affected assets to maximize user fund recovery through timelock upgrades and smart contract updates.

In addition, regarding the previous Base on-chain LBTC-related incident, ZeroLend stated that they will use the LINEA airdrop allocation received by the team to partially refund affected LBTC suppliers, and advise relevant users to contact the support team through official channels to coordinate follow-up matters. ZeroLend stated that they will focus on a transparent and orderly shutdown process.

-- Price

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