Switchboard Oracle Shuts Down September 25, Affecting Kamino, Jito, MarginFi and Drift
- —All Switchboard implementations deprecated immediately, support ends September 25
- —Pyth Network and RedStone named as replacements; cited reasons include cheap AI-built oracles and security incidents
- —Affected protocols include Kamino ($1.39B), Jito ($1.16B), Drift ($314.8M) and marginfi ($47M)
- —As of September 21, no shutdown notice was found on Switchboard's or the protocols' public pages
Why it matters: Users of Solana lending and perpetual protocols should verify their exposure to Switchboard feeds before September 25 to avoid forced liquidations.
Source: CryptoTicker