Woofun AI reports that the on-chain derivatives protocol Satori is initiating a gradual cessation of operations. The platform disclosed that prolonged unfavorable market conditions have rendered revenues insufficient to sustain ongoing activities, making continued operation financially unfeasible.

A dedicated window for users to withdraw funds and close open positions will remain active from June 17 through July 17. Market participants are advised to liquidate any outstanding positions and extract their assets promptly within this timeframe. This operational halt follows a $10 million financing round secured in May 2022, which was led by Polychain and Blockchange.