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DeFi Platform Dango Halts Trading on July 29, Shuts Down L1 Network on August 13

Project Progress

2026-07-25 07:01:23

According to BlockBeats, DeFi platform Dango announced on July 25 that it will cease operations, citing inability to find a viable path to long-term commercial success. Trading will suspend on July 29 at 12:00 UTC, with remaining positions settled at oracle prices and DLP Vault deposits unlocked; all funds will return to users' spot accounts in USDC. The Dango L1 blockchain will shut down on August 13 at 12:00 UTC, with unwithdrawed funds returned to users' Ethereum deposit addresses.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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