BlockBeats News, January 15, MilkyWay Protocol announced that it is shutting down gradually and will close permanently. MilkyWay stated that the demand for decentralized finance did not meet expectations, the WayCard was launched too late, and did not effectively alleviate the funding pressure in a timely manner.MilkyWay's revenue mainly came from the liquidity staking fee, with the protocol retaining a 10% share. As part of the shutdown process, USDC will be proportionally distributed to eligible snapshot holders to refund these earned protocol fees back to MILK token holders.
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MilkyWay Protocol announces gradual shutdown and permanent closure
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