Dear Market Users,

Following our previous update in October 2023, we must announce that the MAI oracle will soon become inoperative, impacting several of our protocol's pools. In fact, the Chainlink team has reached out to the former Market contributors to inform them about the consequences of the Multichain exploit. This has caused a spread in MAI/MIMATIC-USD pricing across ecosystems. The liquidity conditions have continued to deteriorate, which presents a specific type of risk that isn't addressable through any other means besides deprecating the respective market. The shutdown date is March 20, 2024.

In light of these developments, we are initiating the liquidation of remaining funds within the pools. To facilitate a smooth withdrawal process, users will be directed to a special frontend where they can claim their funds.

We have always strived for transparency and the safeguarding of users' interests. It is with a heavy heart that we announce these measures as our final act to protect the remaining part of the Market community.


The Market Team