According to Odaily, PsyFi, a provider of financial tools within the Solana ecosystem, has issued a notice urging users to withdraw their assets from all PsyFi products, including PsyVault and PsyLend, before June 30. This move is to prevent any potential issues that may arise in the future.
Previously, on June 11, PsyFi announced that due to an upgrade to the Pyth oracle, it could not guarantee support for PsyFi products. As a result, all products have been put into withdrawal-only mode effective immediately. The company has not provided further details on the potential issues that could arise if users do not withdraw their assets by the specified date.
This announcement comes as a precautionary measure to ensure the safety and security of user assets. Users are advised to comply with the notice to avoid any potential complications.