Dango Shuts Down Amid Market Turbulence
Dango, a one-stop trading platform, has announced that it will permanently shut down its services due to unsustainable operations. The team confirmed that user funds remain safely held and withdrawal restrictions will be lifted shortly, allowing users to recover their assets.
The platform will halt all trading at 12:00 p.m. UTC on July 29, and all remaining open positions will be liquidated in a single batch using oracle prices. The DLP deposits will be unlocked, and all funds will be returned to users' spot accounts in USDC.
The operations of the Dango L1 blockchain will cease at 12:00 p.m. UTC on August 13. Any deposits not withdrawn by that deadline will be automatically refunded to the Ethereum addresses originally used for those deposits, providing a clear recovery path for users.