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
Stablecoin Infrastructure Perena Launches USDT Vault Glow Vault on Solana
Perena launches the Curated USDT Vault Glow Vault on Solana, developed by Blueprint Finance. It employs a delta-neutral quantitative strategy with an annualized return of approximately 8.5%. Users can earn points rewards and receive liquidity savings stablecoin USD STAR.
GateNews1h ago
Solana DEX Aggregator Titan Launches Privacy Trading Feature Private Swaps
Gate News Announcement, March 9 — Solana DEX aggregator Titan has launched the Private Swaps feature, supported by Vanish, allowing users to conduct anonymous transactions on the Solana network by masking their wallets. Currently, this feature supports exchange transactions involving SOL. Additionally, users who complete Private Swap transactions on Titan will receive a new Titan Privacy badge.
GateNews1h ago
USDC Treasury mints an additional 250 million USDC on the Solana chain
Gate News Report, March 9 — According to Whale Alert monitoring, the USDC Treasury issued an additional 250 million USDC on the Solana chain on March 9, valued at approximately $250 million.
GateNews1h ago
Aon completes the first stablecoin insurance premium payment pilot, involving Ethereum USDC and Solana PYUSD
Aon completes the first stablecoin insurance premium payment pilot, utilizing stablecoin technology to improve capital flow efficiency. The pilot collaborates with crypto exchanges and stablecoin issuers to demonstrate flexibility across multiple blockchains, aiming to evaluate the application of regulated stablecoins in insurance services.
GateNews2h ago
Solana Hits $650B Stablecoin Volume in February, Beats Ethereum and Tron
Solana has reached $650B in stablecoin transfer volume in February, surpassing Ethereum and Tron and doubling its previous record from October 2025. This growth highlights Solana's expanding user base and potential influence in the DeFi sector.
BlockChainReporter7h ago
