It is with a heavy heart that we announce the sunsetting of defi.money, effective May 7, 2025. After reflection by the team and assessing market conditions and the competitive CDP landscape its clear defi.money has not achieved product-market fit or the necessary traction to continue operations. 

We are deeply grateful for the support of our community, investors, and everyone who shared our vision of building an autonomous cross-chain stablecoin protocol. Gaining traction without subsidies was a core goal of the team and unfortunately this wasn't achieved; while launching a token and yield farming could have temporarily boosted protocol TVL, it is an artificial boost and does not truly garner a sustainable product. Given the team’s integrity… it would be a disservice to the community and larger DeFi ecosystem to continue down this pathway.

With that said, the below post provides details on what this means for users and any steps you may need to take: 

User Actions

As of June 1, 2025, the defi.money protocol, including its user interface, will be taken offline, and all services - borrowing, leverage, and staking will cease to function (at the UI level). The underlying smart contracts however, will remain operational, allowing users to interact with them directly using Etherscan. To ensure your funds remain safe, please complete the following steps before June 1, 2025!

• Withdraw any funds from LP pools (such as Curve).  All pools can be found here.

• Withdraw all deposited funds (MINT or LEVERAGE) from the platform.
  

After June 1, 2025, the user interface will no longer be accessible, and you will need to interact directly with the smart contracts to manage your assets, so again we recommend withdrawing from the website ASAP.

Post-Shutdown Operations

While the defi.money platform will cease operations, the smart contracts will remain live and functional, allowing users to withdraw funds or manage positions directly. However, there will be no further development, updates, or support from the core defi.money team post May 7, 2025.

Community channels, including our Discord and Twitter, will also be deprecated on June 1, 2025.

Looking Forward

This decision, though difficult, reflects our commitment to transparency and responsibility to the Curve community. Defi.money was born out of a vision to create a cross-chain autonomous stablecoin and while that vision still endures, there are more sustainable and capital efficient approaches to achieving that goal, so we are putting our full support and development power behind crvUSD cross-chain infrastructure, and ancillary products. The team is working on ideas to further bolster the Curve Ecosystem, so stay tuned but until then we couldn't be more thankful to our community members, investors, and all those that supported the project.

We’ve built a robust protocol and application - to this day, there have been no loss of funds, hacks or incidents, so to bolster the ecosystem - we are open sourcing the UI/UX features that defi.money so great, along with the protocol features that we’ve pioneered (e.g., $sMONEY, $MONEY L0 V2 OFT Standard, etc) for the future growth of the Curve Ecosystem!

You can find all relevant information, contracts, etc here on our Github: https://github.com/defidotmoney

Sincerely,
Defi.money Team