Terraform Labs plans to sell Pulsar, Station and four other businesses

Odaily News Terraform Labs (TFL) recently announced the strategic sale process of its business, including its wholly-owned subsidiary Proximity Panorama, LDA. TFL is actively selling its portfolio tracking platform Pulsar, crypto wallet platform Station, code-free DAO management platform Enterprise and its smart contract automation protocol Warp. Terraform Labs said the sale was to "maximize value for creditors and other stakeholders" and was part of its "broader gradual closure of the business in accordance with the terms of the settlement reached with the U.S. SEC." (PRNewswire) Earlier, the U.S. SEC said Terraform has agreed to pay $4.47 billion in its lawsuit against it. Terraform Labs CEO Chris Amani said the company plans to dissolve and will sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet and Enterprise DAO.