ZeroLend will shut down after sustained losses linked to illiquid chains.
Oracle withdrawals and exploit incidents worsened operational pressure.
The protocol’s TVL dropped from $359M to $6.6M amid declining user activity.
Decentralized lending protocol ZeroLend has announced it will shut down operations after facing prolonged sustainability issues across the blockchains it supports.
Founder “Ryker” confirmed the decision in a post shared on X, stating that after three years of development and operations, the protocol can no longer sustain itself in its current structure. He said declining liquidity and inactive networks have made long-term viability impossible.
ZeroLend primarily operated on Ethereum layer-2 networks. These networks once formed a central part of Ethereum’s scaling roadmap. However, shifting sentiment around layer-2 expansion has created structural pressure for projects built exclusively on those chains.
Current ecosystem dynamics have brought a
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