Solana's PsyFi to Cease Operations by May 2025

According to Odaily, Solana ecosystem financial tool provider PsyFi, which includes PsyLend and Vaults, will shut down all frontend and backend services by May 1, 2025. The platform is currently in withdrawal-only mode, and users are advised to withdraw all funds before this date to ensure asset recoverability. For those interested in interacting directly with smart contracts, the official team may later provide contract addresses and IDL.