Solana-based DEX Lifinity to cease operations

Solana-based decentralized exchange (DEX) Lifinity is shutting down, SolanaFloor reported. The move follows a proposal to cease operations that was submitted to the project's community on Dec. 10 and subsequently passed unanimously. In line with the proposal, the Lifinity DAO will distribute its $42 million in assets to LFNTY token holders. Holders are estimated to receive between $0.90 and $1.10 per token.