Yieldmos is shutting down on May 31, 2024
As announced today (05/14/2024) on X,
“We’ve made the tough decision to shut down our services. We’re immensely grateful for all the support and trust you’ve shown us. Thank you for being part of our journey. Wishing everyone continued success and happiness.
Things will continue to run as usual until 5/31/2024.“
Hey Yield Farmers! 💜
Important Announcement 🚨
We've made the tough decision to shut down our services. We're immensely grateful for all the support and trust you've shown us. Thank you for being part of our journey. Wishing everyone continued success and happiness.
Things… pic.twitter.com/lJkfUw5rMy
— Yieldmos (@yieldmos)
What does this mean?
All of your staked assets will remain staked with the validators you’ve chosen, and of course, they will remain in your personal control. However, the auto-compounding of the Yieldmos service will cease to work at the end of this month, 5/31/24. Similarly, it’s likely that their frontend and other aspects of their project will shut down around this time.
There is no need for you to do anything at this point, unless you wish to remain auto-compounding your stake, in which case you must find an alternative, such as Restake.
