Curve Finance ecosystem Conic Finance ceases operations, LPs need to withdraw funds as soon as possible

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On March 9, Conic Finance, the Omnipools protocol in the Curve ecosystem, announced that it will officially cease operations. Conic Finance stated that due to their inability to resolve key issues in the new version, several core members have left the team, and the remaining team has decided to terminate the project after evaluation. The official recommendation is for all liquidity providers (LPs) to withdraw their funds from the Omnipools as soon as possible.

Additionally, the Conic Treasury will return the remaining portion of Michael Egorov's investment from July 2023 to him, and will discontinue all Votium incentive measures for the CNC/ETH Curve pool.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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