Router Protocol Shutdown and 303M ROUTE Token Burn
Coinbase-backed Router Protocol winds down operations after failed commercialization attempts, with 303 million ROUTE tokens slated for burning.
Router Protocol, a Coinbase-backed DeFi protocol, is shutting down. It plans to burn 303 million ROUTE tokens.
The decision follows repeated failures to commercialize, license, or find a buyer for its technology.
Open questions
The exact shutdown timeline remains unspecified. Details on any impact to user funds or token holders are not yet available. Plans for remaining treasury or asset distribution have not been disclosed.