CoinVoice has learned that Eden Network stated, 'Archer DAO was established in 2020 with the aim of creating new revenue streams for Ethereum miners by realizing MEV (Miner Extractable Value) profits. In July 2021, the Archer DAO community upgraded the project through a governance proposal and rebranded it as Eden Network. Due to intense competition in the MEV space and high operational costs, after careful consideration and discussions with community members, Eden Network announced the cessation of operations, and products such as Eden RPC, Eden Bundles, and Mempool Stream will immediately stop services.
Eden Network currently holds 2,000 ETH, which will be allocated to EDEN holders at a fixed exchange rate of 0.00001506 ETH/EDEN. The exchange will be open from now until September 30 at 23:59 (UTC), limited to non-U.S. residents. Users with unstaked tokens are encouraged to exchange and unstake in a timely manner. Remaining funds will be used for the company's liquidation. [Original link]
