[Sei Ecosystem DeFi Lending Platform Oxium Announces Shutdown, Frontend to Close on August 1] The Sei ecosystem DeFi lending platform Oxium has announced it will cease operations, reportedly due to prolonged unfavorable market conditions leading to insufficient revenue, making its current operations financially unsustainable. Oxium stated that assets deposited by users on the platform remain intact and fully under users' control. However, it encourages users to plan ahead and complete withdrawals in an orderly manner. The frontend is scheduled to shut down on August 1, 2026. Users are advised to cancel all pending orders, close existing positions, and withdraw assets from the platform.