Hats Finance to Shut Down Custodial Services by End of 2025

Hats Finance has set December 31, 2025 as the closure date for its centralized services, while urging users to withdraw funds before mid-December as DAO governance continues the protocol.

CORE

Summary

In an official announcement, Hats Finance stated it will end custodial operations and take its front-end and back-end services offline on December 31, 2025. Users must complete withdrawals by December 17, 2025 to avoid losing access. The core on-chain protocol will remain active under DAO governance, ensuring smart contracts continue to function without centralized hosting.

Terms & Concepts
  • DAO (decentralized autonomous organization): A blockchain-based entity governed by smart contracts and token holders, operating without a central authority.
  • On-chain protocol: A blockchain-based set of rules and code that executes independently of centralized servers.