According to Odaily, decentralized derivatives trading platform Rollup.Finance has announced its decision to cease operations. The team conveyed this message to the community via a post on the X platform, stating that the decision was difficult but necessary. Over the past 16 months, Rollup.Finance has weathered the bear market, increased trading volumes, retained traders, and introduced innovations through partnerships. However, due to a lack of resources from zkSync and insufficient product-market fit, the team reassessed their position and decided to take this step.
The announcement reassured users that their assets on Rollup.Finance are safe. Users have one month to close positions and withdraw funds before the platform shuts down completely. Any orders not closed by the deadline will be automatically liquidated, and affected users will have an additional month to withdraw their funds. Rollup.Finance and related applications will be fully closed and inaccessible after September 21, 2024. Following this date, the platform's email, official Twitter account, and Discord support channels will be deactivated.
The team expressed gratitude to the community for their support, extending special thanks to early users and investors. They acknowledged the contributions of everyone involved in Rollup.Finance's journey. Despite the closure, the team remains optimistic about the future of DeFi and Ethereum's decentralization, with some members continuing to work towards these goals.