Woofun AI reports that Satori Finance, a multi-chain decentralized exchange supported by investors including Polychain Capital and Coinbase Ventures, has disclosed plans to cease operations and initiate a formal closure process. The platform attributed this strategic retreat to 'prolonged unfavorable market conditions,' noting that current revenue streams are inadequate to sustain ongoing operational costs.

Concurrently, users are instructed to withdraw their assets prior to 23:59 UTC on July 16, after which the platform will become inaccessible. Established in 2022 with a $10 million seed round led by Polychain Capital and featuring participation from Coinbase Ventures and Jump Crypto, Satori Finance was deployed across Arbitrum, Optimism, and BNB Chain. The protocol initially distinguished itself through 25x leverage capabilities and an 'points mining' incentive structure before this final wind-down.