Echo Protocol announced the winding down of its operations after nearly two years of activity. During this process, the acceptance of new deposits and issuance of loans have been halted. Borrowers must repay their debts by November 19, 2026, 23:59 UTC. The project no longer accepts new funds in both the Lending and staking directions. The next step for users will be to initiate the process of withdrawing their assets.
Echo Protocol has also suspended all operations within the Strategy direction and noted that users will be able to repay loans, withdraw funds, and liquidate assets they hold. aBTC holders interested in exchanging their tokens on the B² Network platform will have opportunities available through the Aptos-to-B² Bridge. It is important to remember that Lending users are advised to release collateral and withdraw their assets. Strategy holders should wait for available opportunities to complete the process.
The process of withdrawing funds and repaying debts for Lending, LSD, and Strategy began on October 19, 2026, at 00:00 UTC. Borrowers must repay their loans by the specified deadline. Failure to repay debts by November 19, 2026, may result in collateral liquidation. Later, the Echo Protocol team will announce the exact dates for the completion of liquidation and distribution of remaining funds. After the specified date, the project will fully close its operational activities. Only the exchange service through the Aptos-to-B² Bridge will remain available. The team warns users against communicating with scammers and recommends contacting official support channels for answers to questions about withdrawing funds.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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