Dango announces cessation of operations: Trading will be suspended on July 29, and the L1 network will be shut down on August 13.
2026.07.25 15:06:37
DeFi platform Dango has announced it will wind down operations. The team stated that despite making every effort, it cannot identify a viable path to long-term commercial success due to multiple factors. Dango confirmed user funds remain secure, adding that withdrawal restrictions will be lifted shortly, and advised users to close positions and withdraw funds as soon as possible. It also warned users of potential slippage risks, as liquidity is expected to decline. The key shutdown timeline is as follows: - July 29, 12:00 UTC: Platform trading will halt; remaining positions will be settled at oracle prices, DLP Vault deposits will be unlocked, and all funds will be returned to users’ spot accounts in USDC. - August 13, 12:00 UTC: The Dango L1 blockchain will cease operations; unwithdrawn funds will be refunded to users’ Ethereum deposit addresses. The Dango team expressed deep regret over discontinuing the project and thanked the community and users for their long-standing support.
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