DeFi Platform Vestige to Shut Down on Dec. 31

Cointime update: DeFi platform Vestige will cease operations on Dec. 31, closing its main site, API, trading aggregator and related services. Vestige said trading volume in the Algorand ecosystem over the past year has been insufficient to cover its operating costs, and that profitability was never reached despite delaying the shutdown. User wallet assets are unaffected, and vault deposits remain accessible via a retained legacy frontend; Vestige will burn all remaining VEST tokens and VEST liquidity receipt tokens held in its treasury.