The Inception liquidity token restaking platform has ceased operations due to the inability to find “product-market fit.” As a Layer 2 platform compatible with Ethereum protocols like EigenLayer, Inception developed liquidity restaking infrastructure to improve liquidity and yield. Despite launching over 15 liquidity tokens and integrating with more than 60 DeFi protocols, Inception still struggles to maintain sustainability, especially due to a lack of liquidity rewards in shared security.
User funds remain safe and withdrawals are functioning normally. The shutdown occurred after Eigen Labs, the main developer of EigenLayer, laid off 25% of its staff to focus on the EigenCloud platform. Previously, a16z crypto invested $70 million into the EIGEN token to support the development of EigenCloud.
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