MilkyWay Protocol announces gradual cessation of operations and permanent closure

On January 15th, MilkyWay Protocol announced the gradual cessation of operations and permanent closure. MilkyWay stated that the demand and adoption of decentralized finance did not meet expectations, and WayCard was launched too late to alleviate financial pressure. The main source of agreement revenue comes from current pledge fees, of which 10% is retained. During the closure process, USDC will be allocated proportionally to eligible snapshot holders, and the earned protocol fees will be returned to MILK token holders.