4-4-2025 – PsyFi, a prominent financial infrastructure provider, has announced its imminent closure. The platform, renowned for its PsyLend and Vaults services, will terminate all operations by 1 May 2025.
The company has already begun winding down its services, implementing a withdrawal-exclusive phase to facilitate an orderly closure. PsyFi’s management has issued a clear directive to all existing users, emphasising the critical importance of withdrawing their assets ahead of the shutdown deadline to safeguard their holdings.
Looking ahead, the development team has indicated their intention to release smart contract addresses and Interface Description Language (IDL) documentation. This technical information would enable sophisticated users to maintain direct interaction with the underlying smart contracts, although the primary service infrastructure will no longer be maintained.
PsyFi (including PsyLend and Vaults) will be shutting down all front-end and backend services and discontinuing support on May 1, 2025.
Since our platform is already in withdrawal-only mode, please ensure you’ve withdrawn all your funds before this date to guarantee asset…
— PsyFi (@PsyOptions) April 3, 2025
