The Solana-based decentralized exchange Lifinity has announced it will cease all operations, a move confirmed by reports from SolanaFloor. The closure follows a community-led process that culminated in a unanimous DAO vote to wind down the project and return value to token holders. As part of the wind-down, the Lifinity DAO plans to distribute the platform’s entire treasury — $42 million — directly to holders of the LFNTY token. Holders are currently estimated to receive between $0.90 and $1.10 for each LFNTY token they own, with detailed distribution steps to follow from the DAO.
Quick summary of the Lifinity shutdown
Lifinity, once described as a prominent automated market maker on Solana, will stop operating and begin a structured wind-down. SolanaFloor reported the decision and the project confirmed that the community voted to close the exchange. The immediate practical outcome is a community-approved return of the project’s remaining assets to LFNTY holders rather than continuing operations or holding the funds indefinitely.
Timeline and community vote
The process began on December 10th when a formal proposal to cease operations was presented to the Lifinity community. The DAO’s response was unanimous: members voted in favor of winding down the exchange. That vote set in motion the formal wind-down and the plan to distribute the treasury to token holders.
Details of the $42 million distribution
Under the approved plan, the Lifinity DAO will distribute its entire treasury — $42 million — to holders of LFNTY tokens. The estimated payout range communicated is $0.90–$1.10 per LFNTY token, which reflects how the remaining treasury will be allocated among current holders. The DAO itself will manage the distribution process, and the project has said that specific instructions, timelines, and lists of eligible wallets will be announced by Lifinity in due course.
What LFNTY holders need to know
- LFNTY tokens are not worthless: they serve as the claim to receive a share of the $42M treasury when the DAO distributes funds.
- Remove liquidity and any assets held on the platform immediately; the interface may remain available for a short wind-down period but that can change without long notice.
- Watch official Lifinity communication channels for the forthcoming distribution instructions, timelines, and information about eligible wallets.
Broader implications for Solana DeFi
The Lifinity shutdown highlights that DAO governance can be used to execute orderly exits and return funds to a community. While losing a once-prominent AMM is notable, Solana’s DeFi landscape still includes other major decentralized exchanges such as Orca and Raydium, as well as aggregators like Jupiter. The departure of Lifinity may shift liquidity and user activity to these other protocols as the wind-down proceeds.
Practical next steps for users and investors
- Monitor Lifinity’s official channels closely so you can follow the exact distribution procedure once it’s published by the DAO.
- Withdraw any liquidity and assets from the platform immediately while the interface remains accessible, to avoid being caught during the wind-down.
- Research alternative Solana DEXs (for example, Orca, Raydium, Jupiter) and decide where to reallocate assets if you need ongoing on-chain trading or liquidity provision.
Why this matters (brief, for miners in Russia)
If you operate mining hardware in Russia — from a single device to a small farm — this announcement usually won’t affect your mining rigs or electricity arrangements directly. However, if you hold LFNTY tokens or used Lifinity for swaps or liquidity, you should act: the DAO plans a cash-back-style distribution and token holders are the ones who will receive it. Even if you do not hold LFNTY, the shutdown is a reminder that DeFi projects can exit by community vote, which can redirect liquidity across Solana protocols you may use for trading mined proceeds.
What to do now (concise checklist)
- Check holdings: confirm whether you own LFNTY tokens or have liquidity/positions on Lifinity.
- Withdraw assets: remove liquidity and transfer any tokens you control off the platform while the interface remains accessible.
- Prepare for distribution: keep an eye on Lifinity’s official notices so you know which wallets will be eligible and how the DAO will execute the $42M payout.
- Plan alternatives: if you used Lifinity for trading or LP, review Orca, Raydium, and Jupiter as potential replacements for swap and liquidity needs.
FAQs
Is my LFNTY token now worthless? No. While LFNTY will no longer have utility for trading on Lifinity, the token is the key to receiving a share of the project’s $42 million treasury under the DAO’s distribution plan. Holders will be eligible for the payout once the DAO publishes the distribution mechanics.
How and when will I receive the distribution? The Lifinity DAO will manage the distribution process. Specific instructions, timelines, and the list of eligible wallets will be announced by the project, so holders should monitor official Lifinity communication channels for details.
Can I still withdraw assets from Lifinity? Yes, you should remove any liquidity or assets immediately while the interface is still available; the platform may remain accessible for a short wind-down period but you should not assume prolonged access.
