DeFi Project Backed by Polychain and DragonFly Capital Shuts Down

DeFi project Paradigm Labs says it has failed to keep step with an “incredibly fluid” decentralized exchange landscape

“We’ve been able to observe significant developments such as the launch of Uniswap, the establishment of the decentralized finance (DeFi) movement and more. While exciting and positive for the community at large, these developments have made the DEX space incredibly fluid, and challenging for an organization like ours to navigate.”

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