Omnity Network to Close Bitcoin DeFi Products Within 30 Days
The project is winding down after exhausting its operating funds. RichSwap liquidity providers are urged to withdraw liquidity as smart contracts are upgraded and lockups removed.
Omnity Network will wind down after exhausting its operating funds, closing its Bitcoin DeFi products RichSwap and Satsman within 30 days and urging liquidity providers to withdraw.
RichSwap liquidity providers should remove their liquidity as soon as possible. The smart contracts will be upgraded and existing lockup restrictions removed, allowing users to withdraw funds without limits.
A detailed schedule and guide for withdrawing liquidity will be released soon. Support channels will remain open throughout the 30-day transition period to help users complete the process.
Although the project is winding down, core team members plan to continue supporting the Bitcoin ecosystem through individual efforts and developer collaboration organizations.
