Odaily News Conic Finance, the Omnipools protocol of Curve ecosystem, announced the official cessation of operations and the project will be terminated completely.
Conic Finance stated that due to the failure to resolve key issues in the new version, several core members left during the period, and the remaining team decided to terminate the project after evaluation. The official recommended that all liquidity providers (LPs) withdraw funds from Omnipools as soon as possible.
Additionally, the Conic Treasury will return the remainder of Michael Egorov’s investment in July 2023 and cease all Votium bribes and incentives for the CNC/ETH Curve pool.