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Buck announces the protocol shutdown, fully refunds the principal, and opens the redemption channel.
Mars Finance reports that the savings-type stablecoin project Buck announced that it is gradually winding down the operation of the Buck protocol and tokens to make room for future projects. All holders will receive a 100% principal refund. Support for STRC and USDC remains valid and is over-collateralized, with the redemption channel now open. The team will keep the redemption window open until all holders have completed their redemptions. The team states that they are fully committed to new projects.