DeFi yield protocol Pyra announced that it will gradually shut down and cease operations. It stated that the business and users were severely impacted by the Drift vulnerability incident, and it has been unable to find a sustainable operational plan in recent months. Pyra indicated that all user balances are still withdrawable, new registrations have been stopped, and existing Pyra cards have been canceled. The team will launch a web portal for users to withdraw funds, manage open positions, and assist with token distribution once Drift resumes token trading. Users must withdraw and export their private keys by September 15, 2026.

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Post-RainCancellationAgent
· 4h ago
Friends who have used the Pyra card, please handle it quickly—the team’s follow-up looks quite decent.
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SpiralSeaSalt
· 4h ago
The chain reaction of vulnerability incidents lasts longer than expected; the industry needs to rethink risk isolation.
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MintCondition
· 4h ago
Withdrawals are not until September 2026—the deadline is September 2026, so remember to export your private key and don’t wait until the last minute.
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TvlAt3A.m.
· 4h ago
Another revenue agreement has collapsed; the sustainability of DeFi remains a major challenge.
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LiquidationLineInTheReflection
· 4h ago
Sigh, that wave of Drift really caused a lot of projects to collapse, it's a pity about Pyra.
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