Phi to Shut Down Platform and Services on May 25, 2026

Users must claim rewards, withdraw staking (locking crypto to earn rewards) positions, and organize NFTs (blockchain-based digital collectibles) before the closure date, while the $PHI token will remain on-chain and tradable on Aerodrome.

Summary

Phi said it will shut down its platform and related services on May 25, 2026. Before that date, users need to claim any rewards, withdraw staked assets from staking (locking crypto to earn rewards), and organize NFTs (blockchain-based digital collectibles). The project also said the $PHI token will continue to exist on-chain (recorded on a blockchain network) and remain tradable on Aerodrome, a decentralized exchange, although liquidity (available trading depth) may gradually decline after the shutdown.

Terms & Concepts
  • Staking: A process that involves locking crypto assets to support a blockchain network or related service in exchange for rewards.
  • NFT: A non-fungible token, or a blockchain-based digital collectible that represents unique ownership of an item or asset.
  • Liquidity: The amount of available buy and sell interest in a market, which affects how easily a token can be traded without moving its price.