Echo Protocol winds down, halting new deposits and borrowing
- —Echo Protocol halted new deposits and borrowing
- —Withdrawals and loan repayments remain open for now
- —The shutdown notice cites conflicting November deadlines
- —User collateral may be liquidated after those deadlines
Why it matters: Users with funds in Echo Protocol must withdraw and repay loans before the stated deadlines or risk having their collateral liquidated.
Source: The Defiant