CoinTelegraph
Relay, the DeFi protocol, is retiring its Vaults product and turning off new deposits immediately, with users given until December 31 to withdraw through the protocol's withdrawal page.
The sunset leaves existing depositors roughly two months to exit positions. Vaults had been one of Relay's core yield products, and the protocol is redirecting engineering focus elsewhere on its roadmap.
The migration gap is the part users need to read closely: Relay has not announced a path for Vaults depositors to roll into another product, so holders either withdraw manually before the deadline or leave capital on a contract the protocol itself is treating as deprecated.
Frequently asked questions
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What is Relay shutting down?
Relay is retiring its Vaults product, which had served as one of its core yield offerings on the protocol.
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When do Relay Vaults withdrawals close?
Users can withdraw through the protocol's withdrawal page until December 31. After that deadline, the Vaults contracts go offline.
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Are new Relay Vaults deposits still allowed?
No. New deposits are blocked starting today, the same day the sunset was announced.
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Has Relay announced a migration path for Vaults users?
No migration path has been disclosed. Vaults depositors must manually withdraw their capital before the December 31 deadline.
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What happens to funds left in Relay Vaults after the deadline?
Relay has framed Vaults as a deprecated product after the deadline. Funds left unclaimed will sit on contracts the protocol itself is sunsetting.
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