Omnity Network announces it is ceasing operations, with its Bitcoin DeFi products set to shut down within 30 days.
49 minutes ago
According to official announcements, Omnity Network has announced it will gradually cease operations due to depleted operating funds. The platform’s Bitcoin DeFi products, RichSwap and Satsman, will be shut down within the next 30 days. The team urged RichSwap liquidity providers to withdraw their liquidity as soon as possible, stating that it will upgrade smart contracts to remove existing lock-up restrictions, allowing users to access their funds without limitations. A detailed operational timeline and liquidity withdrawal guide will be released in the near future. Omnity added that support channels will remain open for 30 days during the transition period to assist users with relevant operations. Though the project is winding down, core team members will continue to support the Bitcoin ecosystem and plan to participate in its development through personal efforts and developer collaboration organizations.
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