Fuji Finance is sunsetting operations due to dwindling funds
Decentralized finance cross-chain money market aggregator Fuji Finance said the protocol was unable to find the market for its product, while also experiencing limited finance. In a recent Medium blog post, the company said that it failed to find “product-market fit,” a situation which was made more difficult amid the current crypto bear market. Fuji Finance’s attempts to raise additional funds for further development proved futile, and its team has been trying to attract more investors since last February, according to the blog post, but the effort seemed unsuccessful, causing the firm to decide to pull the plug amid its depleting treasury. You might also like: Uniswap launches educational platform amid v4 development “Since February of this year, the Fuji team has been fundraising to continue development on the protocol and build out the future of cross-chain DeFi operations . We were unable to find product market fit. With our treasury dwindlin...