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Crypto Lending Protocol ZeroLend Shuts Down Citing Sustainability Concerns and Hacks

Crypto Lending Protocol ZeroLend Shuts Down Citing Sustainability Concerns and Hacks

Quick take:

  • The platform is shutting down after three years due to several chains that it supports becoming “inactive or significantly less liquid.”
  • ZeroLend also claims some oracle providers discontinued support, making it increasingly difficult to operate markets reliably or generate sustainable revenue.
  • The teams also said the platform began to attract greater attention from malicious actors, including hackers and scammers, as the protocol grew.

ZeroLend, the multi-chain crypto lending protocol for liquid restaking and real-world asset tokens, has announced it is shutting down its platform. The announcement comes barely three years after its launch in 2023. 

The company attributed the decision to a variety…

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