Onyx Protocol: Initiates proposal to close Ethereum-based lending market, plans to fully compensate stolen user funds

Odaily News Onyx Protocol posted on the X platform that in response to the theft, Onyx Protocol issued a proposal OIP-46, proposing to restart Onyx's open source licensed financial network Onyx Core as the main product, together with XCN Staking to ensure the governance of Onyx Core and the rewards of Onyx Staker. According to the proposal, Onyx Protocol will operate as a closed lending protocol on Onyx Core, allowing users to package and lend NFTs and real assets (RWA), while supporting crypto assets from multiple chains. This move will close the Ethereum-based lending market and fully compensate all affected users, paying them 1:1 for the assets they provided.