The DeFi project Zaros has announced the termination of its operations, primarily due to depleted funds.
Gate news bot message, the DeFi project Zaros has officially announced its termination of operations. According to the announcement released by the Zaros team, the project attempted various operational strategies over the past five months but ultimately ceased operations due to depleted funds.
The team pointed out that the project faces two main technical obstacles: the product has failed to achieve a modular launch, and its customized architecture cannot interface with existing liquidity sources, leading to delays in the development process; the inappropriate timing of the ZRS token issuance, coupled with product delays, has made the liquid tokens an operational burden, further restricting funding channels.
The announcement also emphasized that the two co-founders have not sold any ZRS tokens, and this information can be verified on-chain on the Sablier platform.
Source: Wu Says