DeFi· ★★★· bearish·

Oracle provider Switchboard announces shutdown

  • —Switchboard Technology Labs is winding down residual operations
  • —Support for all oracle implementations ended September 19
  • —September 25 is the deadline for residual support
  • —Protocols advised to migrate to Pyth and RedStone
Why it matters: The oracle's exit forces dependent protocols into urgent migration and strengthens market consolidation around Pyth and RedStone.
Source: PANews
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