Altcoins News
By Steven Anderson
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Why Strobe Couldn't Survive. The core problem was financial, but it wasn't just one thing.
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What Ripple Is Focused On Instead. Ripple's recent moves probably tell you something about why a project like Strobe struggled to…
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Strobe Finance is done. The decentralized lending platform built on the XRP Ledger's EVM Sidechain announced it's shutting down permanently, and users are running out of time to…
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The team broke the news on social media, saying the project simply couldn't raise enough money to keep going. Grants didn't come through. Angel investors passed.
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Users must repay any open loans by July 13. Miss that date and the protocol starts liquidating unpaid positions automatically — no exceptions, no extensions mentioned.
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The core problem was financial, but it wasn't just one thing. Total value locked on the platform fell significantly as XRP's price declined, which shrank the fee revenue the…
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There's also a structural issue here. Strobe was, by most accounts, the only retail-focused lending product on the XRPL EVM Sidechain.
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The protocol has already disabled new deposits and new borrowings. So if you're sitting on an open position, the clock is ticking and there's no way to add collateral or open new…
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Read also: XRP and Shiba Inu Pull in Opposite Directions as Dogecoin Chases Zeros
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The XRPL EVM Sidechain was supposed to open up the XRP ecosystem to Ethereum-compatible smart contracts and bring in a new wave of DeFi projects.
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That's a real concern for anyone who thinks the XRPL EVM Sidechain could be a serious DeFi hub.
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Retail DeFi across the broader crypto space has faced headwinds for a while. Liquidity is thinner outside of the major chains. Users are harder to acquire.
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See also: XRP Eyes 25% Surge as Death Cross and Liquidation Signals Collide
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The community's frustration seems to be less about the team — most people seem to think they tried hard — and more about the ecosystem failing to support something genuinely new.
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For now, Strobe Finance users have one job: repay loans before July 13, pull deposits before July 20, and don't miss the window.
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