Diva Staking Announces Shutdown, Will Not Launch Mainnet

TechFlow reported on October 29 that Diva Staking issued an official announcement stating the liquid staking protocol has decided to cease operations and will not launch its mainnet. Users who made deposits in the Early Staker Vaults can withdraw their deposits directly through Enzyme.

The team said the project’s funds were exhausted in mid-2024. Since then, three core members have continued development for nearly two and a half years without income or salary. The team could not afford a new audit or the costs of launching and maintaining the complex protocol, and no major institution was willing to help with the launch. Diva had previously launched on the Hoodi testnet and operated stably for four months without incidents. However, the team believes AI makes vulnerabilities easier to discover, and the protocol faces risks of audit gaps that could endanger user funds, so it chose to shut down the project rather than launch hastily.

Source: TechFlow