According to Foresight News, Conic Finance, a protocol within the Curve Finance ecosystem, has announced the cessation of its operations and the termination of its project. The decision to halt operations stems from the inability to resolve critical issues in the new version, leading to the departure of several core members. After careful evaluation, the remaining team has decided to end the Conic project.
Conic Finance has advised all liquidity providers to withdraw their funds from Omnipools. Additionally, the Conic treasury will return the remaining portion of Michael Egorov's investment from July 2023 to him. The protocol will also cease all Votium bribes and incentives related to the CNC/ETH Curve pool.
