CryptoBriefing reported that LayerZero Labs will cease operations of the cross-chain bridge protocol Stargate V1. V1 liquidity pools will stop functioning after December 15 (local time), and liquidity providers (LPs) must withdraw their funds before then. LayerZero plans to support fee-free withdrawals to facilitate smooth fund recovery for users. This measure is due to the termination of support for LayerZero V1 relayer, which Stargate V1 uses. Stargate will continue to operate normally.
