ChainCatcher news, zkSync ecosystem decentralized perpetual contract protocol Phezzan Protocol tweeted that after multiple discussions, the team has decided to shut down Phezzan. The Phezzan Twitter account will never be updated again, and the Phezzan Discord will be closed within 24 hours. Additionally, the Phezzan code will be open-sourced on GitHub.It is reported that [Phezzan Protocol](https://www.rootdata.com/zh/Projects/detail/Phezzan Protocol?k=NDI5OA==) tweeted on April 23 that a new team has taken over the Phezzan Protocol project, which will assume the management role of the project and will conduct an IDO as soon as possible to address operational funding issues. (Source link)

ChainCatcher news, zkSync ecosystem decentralized perpetual contract protocol Phezzan Protocol tweeted that Phezzan Protocol has been taken over by a new team. Founders Roland and Jack voluntarily stepped down due to family reasons, and the new team will take on the management role for the project and will conduct an IDO as soon as possible to address operational funding issues.As early as 2023, founders Roland and Jack successfully secured investments from well-known VCs including Delphi and Cogitent, totaling over $1 million. However, later Roland and Jack felt that this approach contradicted their community-oriented ideals and refunded 100% of the funds. (source link)