Following near-unanimous approval, Lifinity will liquidate its $42M treasury and $1.4M development fund into USDC for pro rata distribution to LFNTY holders, with redemptions starting in about nine days.
Lifinity, a Solana-based decentralized exchange, will gradually shut down after a near-unanimous community vote. The project will convert its $42 million treasury and $1.4 million development fund into USDC, distributing the proceeds pro rata to LFNTY holders at an estimated $0.90–$1.10 per token. The redemption system is set to launch in roughly nine days. Any unclaimed funds after one year will be redistributed to remaining holders.