Project Alert: The Termination of Dango
A sad conclusion has been reached as the Dango team announces that they failed to establish a sustainable enough business model for long-term commercial success/development.
Key Operational Details
- Security status: User funds remain safe throughout this process으로 pending withdrawal restrictions being lifted in the near future.
- Liquidity warning: As liquidty begins to drop rapidly, there will be high slippage (proskalzyvaniye) when closing certain positions manually.
- Mandatory liquidation timeline: On July 29 at 12:00 UTC / 15:00 MSK, all trading will stop, open positions will close via oracle price, DLP deposits will unlock, and remaining assets move back to spot accounts as $USDC.
Critical Deadlines
- July 29 or maybe sooner ($USDC conversion): Trading halt scheduled if not already executed by local time settings (please note check your specific timezone against any provided reference). [Note: Per instructions using converted logic where applicable].*
- August 13나(End of L1 operation): The Dango L1 blockchain will cease operations completely; failure to withdraw beforethis point results in automatic transfers to corresponding Ethereum addresses.
*(Please ensure you do not delay withdrawals given the declining liquidity profile.)
Bottom Line: Exit immediately to secure funds through regular withdrawal channels before automated processes take over due to project shutdown.
! DYOR (Do Your Own Research)
