PANews December 19 News, according to SolanaFloor, the Solana ecosystem DEX Lifinity has decided to gradually cease operations. The related proposal was nearly unanimously approved, and the protocol will enter the shutdown process. On December 10, facing increasingly fierce competition from prop AMMs, Lifinity submitted a governance proposal to its community regarding the protocol’s continuation. According to the proposal, the Lifinity DAO treasury assets worth approximately $42 million will be consolidated into USDC and proportionally distributed to LFNTY token holders. Additionally, the remaining $1.4 million in development funds will also be allocated.
According to community estimates, based on the treasury’s book value, holders are expected to receive between $0.90 and $1.10 per token. It is recommended that LFNTY and veLFNTY holders convert their tokens to xLNFTY before redemption. The xLNFTY redemption for USDC is expected to go live in about 9 days, provided it passes Sec3’s security audit. Since its launch in February 2022, Lifinity has processed over $149 billion in trading volume, making it the fifth-largest DEX in Solana history.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Yesterday, the US SOL spot ETF experienced a net outflow of $8,225,500, with Fidelity FSOL seeing an outflow of nearly $5 million.
On March 6th, the US SOL spot ETF experienced a net outflow of $8.2255 million, with the Invesco Galaxy Solana ETF seeing a net inflow of $426,900, while the Fidelity Solana Fund ETF had a net outflow of $4.9974 million. The total net asset value is $807 million, with a historical cumulative net inflow of $958 million.
GateNews1h ago
SOL Life increased by 507.92% after launching Alpha, current price is 0.0007232 USDT
Gate News bot message, Gate Market Display, since launching Alpha, SOL has increased by 507.92%, now priced at 0.0007232 USDT.
CryptoRadar1h ago
Solana Price Prediction 2026: Pepeto Targets 267x Over SOL and AVAX as SEC Drops Justin Sun Lawsuit Signaling Enforcement Pivot
The SEC just dropped its lawsuit against Justin Sun with a $10 million settlement from Rainberry, and when the most aggressive crypto enforcement agency in the world starts settling cases and walking away from lawsuits it spent years building, it means the regulatory posture has fundamentally s
CaptainAltcoin7h ago
Ripple Expands Institutional Trading With Coinbase Derivatives BTC, ETH, SOL, and XRP Futures
Ripple added Coinbase BTC, ETH, XRP and SOL futures to Ripple Prime, its platform that cleared more than $3 trillion in 2025.
Trades are processed through Nodal Clear, giving institutions 24/7 access to CFTC-regulated crypto futures in the U.S.
Ripple has added Coinbase Derivatives’
CryptoNewsFlash7h ago
Solana Nears $95 Resistance With $17B Volume Surge
Solana approaches a key resistance level near $95, with increased trading volume and open interest signaling active trader interest. The token is currently at $90.20, facing potential upward movement if it surpasses $95, but may test $85 if rejected.
CryptoFrontNews8h ago
Solana Stablecoin Volume Hits $650B in February Surge
Solana stablecoin transfers reached $650B in February, more than doubling the previous record set in October.
Analysts say stablecoins are driving blockchain payment demand as usage expands across networks with strong transaction capacity.
Solana ranks second in circulating USD Coin
CryptoFrontNews10h ago
