DeFi platform Zaros will cease operations

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DEFI platform ZAROS completes $1.8 million in financing, with multiple institutions participating

DEFI platform ZAROS completes $1.8 million in funding, with participation from multiple institutions

DeFi platform Zaros has decided to cease operations. In a statement, DeFi platform Zaros announced its decision to halt operations after careful consideration, adding, "Over the past five months, we have gone all out, exploring every viable path, including transformation, extending the funding runway, and evaluating strategic options. Despite the team's tremendous efforts, we no longer have the funds to continue advancing the project."

Dear community, Today, we share a difficult update regarding Zaros. After exhaustive efforts and thorough consideration, the decision has been made to wind down operations. This was not a decision made lightly. Over the past five months, we have worked tirelessly, exploring every viable path to pivot, extend runway, and assess strategic options. Despite the incredible efforts of our team, we’ve run out of money to continue the project. We faced two critical challenges: 1 - Launching the product all at once instead of modules. Our system was built around a unique, tailored architecture that couldn't plug into existing liquidity sources. This slowed down our timeline and proved too ambitious given our constraints. 2 - The timing of the $ZRS token launch. We issued ZRS in anticipation of a near-term product launch. When delays happened, having a liquid token became a burden—it limited our funding options and created pressure we couldn’t resolve. Ultimately, with current market conditions, and ZRS’s FDV, raising new capital sustainably is no longer possible. As it can be independently verified onchain via Sablier streams, it’s important to note that neither of the co-founders have ever sold ANY ZRS tokens. We want to express our deepest gratitude for your trust, and belief in our mission. Our community’s support allowed us to chase an ambitious vision and we are deeply saddened that we couldn’t bring it to fruition. — With appreciation, The Zaros Team

Intern's advice: create a Zaros account on Arbitrum. You have 24 hours ⌛ https://t.co/LqhHNZekRl

The Dragon Festival: Monad Edition has wrapped 🐉 Our very first event on the Monad testnet was a blast, and we couldn’t be more grateful to everyone who joined in and made it special. For many of you, this was the first encounter with Zaros, right alongside Monad’s testnet launch, and the wave of new users and followers blew us away. Thank you for showing up and showing love 💜 But this is just the beginning for Zaros on Monad. We’ve got more events, surprises, and opportunities lined up for this incredible community. Stay tuned 👀

To all the Zaros OGs on Arbitrum: we haven’t forgotten about you 👀 I’d make sure notifications are on for this Wednesday if I were you 🐉 https://t.co/uhwe5yGbez

Happy Easter Zaros fam 🐉 May your day be filled with love, laughter, and plenty of chocolate with your loved ones! https://t.co/WxTi3PCDPh

We are glad to announce the winner of our BIG LOTTERY 🎟️ 🏆: 0x39e17f12e03c7761b302bcc6143d334d75c4c96c Now, the hard choice: choose between an iPhone 16 Pro or a MacBook Air M3 16GB 😅 Thanks for everyone who engaged with Zaros during the festival and maintained consistency! https://t.co/PDec6D9goJ

We are thrilled to announce the winner of the fifth lottery and the newest Zaros OG 🐉 🏆 0x5512f331b4d5e22c7973fa26457f8764b9697585 Stay tuned, the next lottery prize will be revealed soon (and it’s going to be a special one) 👀 https://t.co/IUJcexf6Oq

🚨 New #CPI data was just released 🚨 👉 CPI (YoY): Expected: 2.5% Actual: 2.4% 👉 Core CPI (YoY): Expected: 3.0% Actual: 2.8% Trade and build derivatives with Zaros 🐉

🚨 LATEST NON-FARM #PAYROLL DATA IS IN 👉 Jobs added • Forecast: 159K • Actual: 151K 👉 Unemployment rate • Forecast: 4.0% • Actual: 4.1% Trade the volatility on Zaros 🐉

We noticed that many of you didn’t get a shoutout in the first thread 😅No worries: here’s a part 2, featuring more real chads who created awesome content about Zaros 🐉Check it out 👇 https://t.co/SMXExzU0zC

At #SmartCon, 22 key #Chainlink ecosystem projects launched innovative solutions across various industry verticals. We thank all of the following ecosystem participants for their continued contributions to shaping the future alongside us: - Botanix Labs - Concero - Cryptex Finance - dlcBTC - Hedera - Instruxi - JOJO - KiloEx - Lendvest - Lido - Lombard - Matrixdock - Mind Network - QuantAMM - Solv Protocol - Space and Time - Storm Trade - Theoriq - Truflation - XSwap - Zaros - zkLend Get the full details on each announcement: https://t.co/5HB1EOvr2u

.@zarosfi, the perpetuals DEX powered by boosted (Re)Staking Vaults on @arbitrum & @monad_xyz, is leveraging #Tunnl to drive awareness for the Dragon Festival.With Tunnl’s creator discovery and automated payment execution, #Zaros streamlines partnership management from start to finish.

Monad Ignite Episode 1 / Guest: Zaros https://t.co/sn4pHydi9n

We're thrilled to announce the first episode of Monad Ignite, featuring our guest @zarosfi ! 🎙️Zaros is revolutionizing DeFi with their Perpetuals DEX powered by Boosted (Re)Staking Vaults, supercharging your LST & LRT yield on the Monad blockchain. Join us as we dive deeper into their project and discover what makes Zaros a game-changer. Plus, you'll have the chance to ask your questions during the live Q&A session at the end of the spaces! 🙌📅 Date: August 8th ⏰ Time: 7:30 PM UTC / 3:30 PM ETDon't miss it! 🔥 #MonadIgnite #Zaros #DeFi #Monad #Crypto $MPAD

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The Zaros (X) Content Challenge, led by @zarosfi, has concluded!Sixteen participants, accepted into the campaign, have received their rewards. Collectively, they created 24 engaging posts discussing Zaros' features, benefits, and their individual experiences, reaching a total of 47,000 views! 🚀Great job!

🏗️ #ChainlinkBUILD 🏗️ @zarosfi is joining Chainlink BUILD to gain enhanced access to Chainlink's industry-leading oracle services and technical support, which helps support the security & use of its derivatives liquidity protocol. In return, Zaros will make 3% of its total…