The DeFi project Linear Finance has announced its closure due to financial difficulties.
Notice of Closure
After careful consideration, Linear Finance has made the difficult decision to cease operations.
Despite our ongoing efforts to innovate and build throughout the years, the project has struggled to generate sustainable returns. Outside of a brief period of…
— Linear Finance (@LinearFinance) March 27, 2025
The project team has informed users that instructions for liquidating active positions in the protocol’s decentralized applications will be provided shortly.
According to Linear Finance’s statement, the project failed to achieve sustainable profitability. After a brief profitable period in 2019–2020, the team faced increasing financial challenges.
The project was supported by personal investments from the owners and token sales. Additional difficulties arose following the delisting of the LINA token from Binance, which led to a 65% drop in its market capitalization.
A similar situation has occurred with the Vite Labs team.
Hi guys we want to update that the funds left for development got rugged by @DWF market making service and @binance delist decision.
We will only maintain the network until we can no longer support it.
All roadmap plans are cancelled.
— Vite Labs ??♂️ (@vitelabs) March 27, 2025
The developers reported that the project’s funds are limited due to the delisting of the VITE token from Binance and the partnership with market maker DWF, which they claim resulted in losses.
Vite Labs will continue to support the network’s operation as long as possible, but project development has been completely halted.
On March 27, the Web3 project Harpie announced its closure due to an unsustainable business model.