PANews June 26 news, Sei ecosystem DeFi lending platform Oxium announced it will cease operations, reportedly due to prolonged unfavorable market conditions resulting in insufficient revenue, leaving its current operations financially unsustainable. Oxium stated that assets users deposited on the platform remain fully intact and still under their own control, but it hopes users plan ahead and complete withdrawals in an orderly manner. The frontend is scheduled to shut down on August 1, 2026, and users are advised to cancel all outstanding orders, close existing positions, and withdraw assets from the platform.