StratEx Finance shuts down, tells users to pull liquidity
- —StratEx is shutting down its StratUSD, StratBTC and StratETH vaults on QuickSwap
- —Users were told to withdraw assets immediately as incentives end
- —QuickSwap had flagged the end of vault support back on July 30
- —The total value locked in the affected vaults was not disclosed
Why it matters: Another unexplained DeFi shutdown raises withdrawal risk for liquidity providers and erodes trust in "DeFAI" yield products.
Source: Crypto Briefing