Deri Protocol Eliminates Support for Polygon zkEVM, zkSync Era, and Manta Network

Source: CryptoNewsNet Original Title: Deri Protocol Eliminates Support for Polygon zkEVM, zkSync Era, and Manta Network Original Link: Deri Protocol, a well-known decentralized derivatives exchange, has announced the removal of support for key networks following a community vote to sunset support for zkSync Era, Polygon zkEVM, and Manta Network. According to the platform’s official announcement, this decision was made due to consistently lower activity on these networks. Users with open positions or liquidity on these networks must migrate them to other supported chains promptly.

Execution of Community Decision

After the successful voting for the removal of support for zkSync Era, Polygon zkEVM, and Manta Network, Deri Protocol is officially executing this move. This will impact users with funds or open positions on these ecosystems. To avoid any issues, they will need to shift such positions or liquidity to other supported chains when prompted. Following the completion of removal, users will not have any capability to add liquidity or trade through the aforementioned networks.

Nonetheless, operations on the rest of the supported blockchains will continue unimpacted. The platform’s team has appreciated the support and participation of those holding $DERI in the voting process.

Reducing Costs and Ensuring Ecosystem Sustainability

According to Deri Protocol, the voting on the proposal to eliminate backing for the aforementioned networks concluded on December 31st. With such moves, Deri Protocol is endeavoring to guarantee its ecosystem sustainability and eliminate unnecessary fund expenditure. This strategic decision reflects the platform’s commitment to allocating resources efficiently across networks with meaningful user activity.