Saddle Finance initiates proposal to halt protocol operation and allocate ARB tokens.

Odaily News: Saddle Finance has initiated a proposal to stop the protocol's operation and distribute ARB tokens. The proposal states that due to many core contributors no longer intending to participate in the protocol's development, difficulties in multi-sign coordination and management, as well as potential vulnerabilities in light of the recent Vyper incident, it has been deemed necessary to halt the protocol's operation to ensure fund security. As a result, 1.54 million ARB tokens will be airdropped to token holders.