Sei ecosystem DeFi lending platform Oxium to cease operations, frontend planned to close on August 1, 2026

Odaily Odaily News: Sei ecosystem DeFi lending platform Oxium has announced it will cease operations, citing prolonged unfavorable market conditions leading to insufficient revenue, making current operations financially unsustainable.

Oxium stated that user assets deposited on the platform remain intact and are still under user control. However, users are advised to plan ahead and complete withdrawals in an orderly manner. The frontend is scheduled to close on August 1, 2026. Users are recommended to cancel all open orders, close existing positions, and withdraw assets from the platform.