Dear zkLend Community, It is with a heavy heart that we announce our decision to wind down zkLend. This decision was not made lightly. Over recent months, the exploit we suffered has deeply eroded user confidence, and furthermore, the recent removal of ZEND from major exchanges such as Bybit and KuCoin has further constrained token liquidity and accessibility. This development significantly limits our capacity to effectively allocate toward any new initiatives. Given these circumstances, we believe that using the remainder of our treasury —$200,000—towards supporting affected users through the recovery fund is a more responsible and meaningful use of resources than relaunching our money markets and continuing development. To support our community during this process: 1. The DeFi Spring, recovery, and kSTRK portal will remain live and accessible for users to unstake or to claim. 2. We continue to engage zeroShadow for their expertise in tracking down lost funds. Any recovery from these efforts will be directed towards the user recovery fund. 3. We’re open-sourcing our audited and refreshed codebase for any interested parties for further development. This will be made available in the following few weeks. We will continue to remain online and committed to the recovery of stolen funds through any means necessary. We want to sincerely thank every one of you for your support and trust throughout this journey. We have been proud to be part of Starknet’s journey from its early beginnings and to witness its growth and evolution firsthand. With gratitude and resolve, The zkLend Team