Diva Staking to Shut Down Project and Cancel Mainnet Launch

Liquid staking protocol Diva Staking says it will close the project and will not launch on mainnet. According to Foresight News, the team said it made the decision after careful consideration, citing a lack of support from large institutions, the cost of new audits and maintaining the complex protocol, and security risks. The project ran on the Hoodi testnet for four months this summer without issues. Users with funds pre-deposited in the early staking vault can withdraw them through Enzyme.