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Syndicate Labs announced it would shut down after five years, and SYND holders will be fully compensated

On May 21, on X, on-chain developer infrastructure provider Syndicate Labs posted an announcement saying that the company will gradually shut down after building for five years. The confirmed reason is a fundamental contraction in the EVM Rollup market. The announcement also confirmed that all SYND holders have been fully compensated (including a 15% incentive). The compensation funds come from treasury reserves, and an equal amount of SYND has been burned from the treasury to offset supply impa
ETH-1.82%
OP4.61%
ARB-1.05%
MarketWhisper·05-21 03:46
Syndicate Labs announced it would shut down after five years, and SYND holders will be fully compensated