Vovo Finance has decided to gradually shut down the platform, and all vaults will transition to withdrawal-only mode

2023-05-16 19:20:29

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ChainCatcher news, the Arbitrum structured product protocol Vovo Finance has decided to gradually shut down the platform. Starting today, all vaults will transition to withdrawal-only mode. The website will remain operational until the end of the year to allow users to withdraw their funds. Vovo Finance stated, "Since last year, the team has significantly reduced costs and retained 80% of the raised funds. As we gradually shut down the platform, all remaining funds will be returned to investors."

According to RootData, in April 2022, [Vovo Finance](https://www.rootdata.com/zh/Projects/detail/Vovo Finance?k=NTAzOA==) completed a $2 million seed round financing, led by IOSG Ventures, with participation from Matrixport, Ledger Prime, Zee Prime Capital, Pattern Research, Primitive Ventures, imToken, Kyber Network, Daedalus, and CyberX. (Source link)

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Vovo Finance Arbitrum

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