According to Wu Blockchain, the high-yield stablecoin protocol Ebisu Finance has announced it will cease operations. Minting of ebUSD has been halted, and users are being asked to close remaining Troves, withdraw Stability Pool deposits, and remove ebUSD DEX liquidity. The frontend will go offline on October 30. The team stated that the protocol has consistently failed to expand ebUSD liquidity and generate sustained demand. Attempts to adjust the liquidation mechanism, expand multi-chain collateral assets, launch structured leverage products, and seek acquisitions have not resolved the issue. Ebisu will not issue an EBISU token, nor will it airdrop to xEBISU holders or participants in the Liquity v2 fork initiative BOLD. xEBISU holds no monetary value. https://(wublock123.com)/news/ebisu-finance-stablecoin-protocol-shuts-down-frontend-oct-30-65571