Echo Protocol is winding down after nearly two years and will conclude operations, per its notice today.
New deposits and new borrows on Lending are halted, Strategy deposits halted, LSD staking halted, and related interest accrual stopped. Repayment, withdrawal, unstake claim flow and necessary liquidations remain open.
Lending users are asked to repay debt, release collateral and withdraw, Strategy users to exit and claim when eligible, LSD users to use the unstake flow, and aBTC holders to keep using the Aptos-to-B2 Bridge which stays available after shutdown.
The notice conflicts on the repayment deadline. One section says borrowers must repay by Nov 14 2026 with liquidation after that, while the Key Timelines section says final deadline is Nov 19 2026 at 23:59 UTC with liquidation and settlement after that. The Defiant flagged the same conflict and cites $10.71 million in tracked TVL.
Unpaid loans risk collateral liquidation with proceeds used to repay lenders, with liquidation dates listed as TBC.
Treat Nov 14 as the earlier team stated cutoff until clarified, ignore DMs asking for transfers or signatures, and use Discord tickets for support. Telegram chatter today only reposts the notice (Korean Alpha, sender channels).