PANews reported on April 4 that according to official news from PsyFi, the provider of financial instruments for the Solana ecosystem, PsyFi (including PsyLend and Vaults) will shut down all front-end and back-end services and stop platform support on May 1, 2025. Currently, the platform has entered a withdrawal-only mode, and the official reminds users to complete the withdrawal of funds before this date to ensure the safety of their assets.

In addition, PsyFi stated that it may share the contract address and IDL in the future so that users in need can interact directly with the smart contract.