DeFi lending platform Oxium, part of the Sei ecosystem, has announced its closure due to prolonged unfavorable market conditions that have rendered its operations financially unsustainable. The platform will shut down its front-end on August 1, 2026. Oxium assures users that their deposited assets remain intact and under their control. Users are advised to cancel outstanding orders, close existing positions, and withdraw their assets in an orderly manner before the shutdown date.