Echo Protocol to Stop Operating After Nov. 14; Users Can Repay Through Nov. 19 ET

Echo Protocol plans to stop operating after Nov. 14, while users can repay loans, withdraw assets and unstake until 6:59 p.m. ET (23:59 UTC) on Nov. 19. New deposits and borrowing have ended in Echo’s lending service, which has also stopped accruing interest. Its Strategy product is closed to new deposits, and its liquid staking service no longer accepts new stakes. Existing users can still repay loans, withdraw assets and unstake. The protocol is winding down after nearly two years of operation. Echo plans to keep redemptions on its Aptos-to-B² Network bridge available after its other services close. It has also warned users to ignore requests to transfer funds or sign transactions for private wallet addresses. Overdue loans will have their collateral liquidated, with the proceeds used to repay lenders.

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