EBISU Protocol Shuts Down, Halting Token Issuance and Minting

CDP protocol EBISU ceases operations, suspends ebUSD minting, and voids token value. Users must withdraw funds before frontend goes offline on October 30th.

Woofun AI reports that the CDP stablecoin protocol EBISU has announced its shutdown, effectively ending all new EBISU token issuance. Users are instructed to close Trove accounts, withdraw from stablecoin pools, and remove liquidity from the ebUSD DEX. New ebUSD minting is suspended, and the frontend will go offline on October 30th.

The team stated that previous attempts to address core liquidity and demand challenges for CDP-style protocols failed. Consequently, the /EBISU token holds no monetary value and cannot be exchanged for assets. No airdrops will be conducted for xEBISU or BOLD holders. EBISU, built on Liquity V2 with $1.2 million in funding, operated without security incidents for over a year using an Anthias Labs risk framework.