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Stablecoin protocol Level announces acquisition and will gradually shut down
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On September 26, according to official news, the Level protocol team announced today that it will be acquired by a leading DeFi protocol. Level will gradually shut down all its operations, including the lvlUSD and slvlUSD product lines. The final profit distribution will take place on October 2, 2025, and the front-end interface will remain available until December 15. To facilitate user withdrawals, all cooldown periods have been shortened to 2 seconds.
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