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Cosmos Ecosystem L1 Pryzm Plan Gradually Ceases Operations
ChainCatcher message, formerly known as the Terra ecosystem project Prism Protocol, rebranded in 2024 as Pryzm and focused on yield optimization in the Cosmos ecosystem L1. Pryzm announced that it will gradually cease operations, with plans to complete the process by January next year.
Pryzm stated that the decision to discontinue operations was due to the unsustainability of maintaining the L1 financially, and the risks associated with transferring the company to new management. Pryzm urges users to redeem their assets as soon as possible within the next two to three days.