Express
Cosmos ecosystem L1 Pryzm plans to gradually cease operations
Summary: Formerly known as the Terra ecosystem project Prism Protocol, rebranded as Pryzm in 2024 and focusing on yield optimization, the Cosmos ecosystem L1 Pryzm announced plans to gradually cease operations, with completion expected in January next year. Pryzm stated that the decision to cease operations was due to the financial unsustainability of maintaining L1 and ...
Formerly known as the Terra ecosystem project Prism Protocol, rebranded as Pryzm in 2024 and focusing on yield optimization, the Cosmos ecosystem L1 Pryzm announced plans to gradually cease operations, with completion expected in January next year. Pryzm stated that the decision to cease operations was due to the financial unsustainability of maintaining L1 and the risks involved in transferring the company to new management. Pryzm has requested users to redeem their assets within the next two to three days.
