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【Sei Ecosystem DeFi Lending Platform Oxium Announces Shutdown, Plans to Close Frontend on August 1】
June 26 news, Sei ecosystem DeFi lending platform Oxium announced it will cease operations, citing sustained unfavorable market conditions that have led to excessively low revenue, making current operations financially unsustainable. Oxium stated that user assets deposited on the platform remain intact and fully under user control, but it advises users to plan ahead and withdraw in an orderly manner. The frontend is scheduled to close on August 1, 2026, and users are recommended to cancel all open orders, close existing positions, and withdraw assets from the platform.