Dear community members,

It is with a heavy heart and great sorrow that we announce the winding down of the OINDAO.

Despite our continuous efforts, we haven’t been able to solve the core issues regarding our stablecoin liquidity, which led to limited usability of the protocol.

Having reached this point, we believe the responsible and ethical thing to do is to sunset the project and give a formal closure to the community.

The core OINDAO team will be disbanded. As a result, the server to the OINDAO’s frontend will be shut down on UTC 9am Friday 3rd February 2023, and all technical support regarding the protocol and the bridge will be terminated thereafter.

Finally, we’d like to thank all our community members, partners, and our investors for the support in the past few years.

Best regards,