Cascade (formerly the DeFi derivatives protocol Perennial) has announced that it will cease operations. The team stated that over the past five years, they have been dedicated to building a unified brokerage platform supporting global markets and 24/7 trading, but have now decided to shut down the business. Users can claim their remaining CLS and trading funds through a designated page. Cascade had previously received support from institutions such as Polychain Capital, Variant Fund, Coinbase Ventures, and Archetype. In July of this year, Cascade's CLS vault suffered an attack resulting in approximately $1.3 million in losses, but the project team later confirmed that the funds had been recovered. https://(wublock123.com)/news/cascade-ceases-operations-claim-remaining-cls-and-trading-funds-68307