Lending protocol Compound to shut down USDC market on Scroll

According to TechFlow, on November 8, as disclosed by the Compound Foundation, its USDC market deployed on Scroll will be closed, and borrowers should repay their loans as soon as possible. The Foundation stated that in the coming weeks, any outstanding loans will be liquidated; suppliers can withdraw funds as loans are repaid or liquidated.

The announcement was published on November 6, after Scroll had previously asked users to address their DeFi positions.

Source: TechFlow