Regrettably, we've made the decision to wind down the Dango project. Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success.
Funds are safe. Limits to withdrawals will be lifted shortly. We encourage you to close positions and withdraw funds. Be careful of slippage, as liquidity is expected to be thin.
On Wednesday, July 29, 12 pm UTC, trading will be halted. Remaining positions will be closed at oracle price. DLP vault deposits will be unlocked. All funds will be returned as USDC to your spot accounts.
On Wednesday, August 13, 12 pm UTC, the Dango L1 blockchain will stop running. Deposits not withdrawn at this point will be refunded to their deposit addresses on Ethereum.
To our users: thank you for the support, and we're deeply sorry for not being able to make it work.
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