Sunset FAQ
General
Why is Minterest sunsetting?
Despite extensive work on product-market fit and funding, we cannot responsibly maintain operations. A short, clear withdraw-only window and a careful wind-down is the safest path for users.
Are my assets safe?
Yes. Repay and withdraw remain available until 19 December. If you miss the UI window, you can still interact with contracts using our guide (see the Contract Interaction Guide).
Can the dates change?
Only if a critical incident affects withdrawals. If that happens we will update this page and our channels. Otherwise, plan for 19 December.
Which Minterest deployments does this impact?
All. Minterest will sunset its Taiko Network and Morpho L2 apps on 30 November 2025. Ethereum and Mantle Networks will be sunset in a similar manner on 19 December 2025.
What happens after 19 December?
The front end will go offline. Contract repay and withdrawal functions remains possible (see the Contract Interaction Guide).
For CAE/LBP participants
Does the wind-down change anything about past sales?
No. The wind-down does not alter prior sale terms or create new token events.
How does the CAE/LBP relate to the current wind-down?
The CAE/LBP was run by Minterest Labs, the former company that operated the project before its bankruptcy in 2023. The current team later acquired the technology and rebuilt the protocol under a separate entity. We did not receive CAE/LBP funds, nor did we inherit Labs’ treasury, liabilities, or legal obligations.
Why didn’t CAE/LBP contributions lead to a token launch?
The CAE/LBP was conducted years ago under the former entity, before its bankruptcy. The new entity had no access to those funds. Even so, we voluntarily honoured legacy token allocations where possible and ran the Stack or Skip initiative in April 2024 as a goodwill option for CAE participants to reclaim their original contribution.
Will there be compensation or refunds ?
There is no compensation programme associated with this wind-down. We understand this may be disappointing. Our commitment is to close safely and transparently.
For Protocol users (suppliers & borrowers)
I have a borrow. What order should I follow?
Repay first (full or partial) → verify a safe health factor → withdraw collateral → repeat if needed.
I’m close to liquidation. How can I reduce risk?
Repay part/all to increase your health factor. Liquidations remain active per protocol rules. Note: no new supply actions can be taken at this time
Gas fees are high. Any tips?
Batch your actions (fewer, larger transactions) and avoid peak congestion. Don’t wait until the final week.
For Community members affected by the 2024 security breach
Does the wind-down affect the prior breach?
No. Outcomes previously communicated are unchanged. Incident documentation: security-incident docs link
Will there be compensation or refunds?
There is no compensation programme associated with this wind-down. We understand this may be disappointing. Our commitment is to close safely and transparently.
Token, fees, treasury
Why don’t you just list the token so we can exit, even just on a DEX?
We’ve evaluated both DEX and CEX paths multiple times from all angles. The conclusion was that launching now would directly put users at risk, which is why we’re not doing it. Here are the hard constraints:
A TGE triggers obligations we can’t sustain as it requires: – liquidity provisioning and defence – monitoring, ops, and security – vesting distribution, support, and maintenance
We don’t have the team or capital to run a live token safely.
A distressed launch is extremely easy to attack with no treasury to defend liquidity, even on a DEX: – bad actors can take over pools – LPs can be drained or sandwiched – price can be manipulated instantly – users are the ones who absorb the damage
This is what happens when tokens launch without protection. Listing in a challenged state doesn’t create value as much as it exposes less-informed users to avoidable harm.
What about distributing the treasury/remaining assets?
Residual assets are limited and restricted. A blanket distribution would be immaterial and introduce regulatory/tax risk. The fair path is a clean wind-down with clear access to repay/withdraw.
Keep the front end up until a listing/buyer?
Running the UI safely needs engineering, infra and security cover. We’ll keep it live to 19 December for orderly exits, then provide a Contract Interaction Guide.
Could a DAO/community take over and list the token?
We have been vocal that if a capable group is ready to assume full operational, legal, development and financial responsibility, email [email protected] with a formal proposal. Until a formal, user-safe handover exists, we must proceed with the wind-down.
Sell the IP and use proceeds to compensate?
This approach has been and continues to be explored. However, any sale is uncertain and subject to obligations and laws. Proceeds may be limited and not distributable. We’ll preserve code/docs so third parties can evaluate, but we cannot promise compensation.
If markets improve soon, will you reverse or do a quick TGE?
Reversal would need capital, a full engineering team and partner alignment, none are in place. A “quick TGE” risks harming users.
What’s the most helpful action I can take now?
If you supplied, withdraw before 19 December. If you borrowed, repay, then withdraw collateral. Missed the UI window? Use the Contract Interaction Guide. Need help: [email protected].
Pilots & prototypes
What happens to enterprise/RWA pilots (e.g., Brazil energy PoC)?
All pilot development cease and archived properly.
Will you disclose pilot counterparties?
Where NDAs apply, no. If a counterparty opts to go public, we’ll update this page.
Could another team take over the pilots?
Potentially. We’ll preserve code and docs. If a capable group is interested they can reach out via [email protected] for proper evaluation.
What about the “YieldUp” stablecoin-yield prototype?
YieldUp development will cease. Existing website and social media content will not be further updated.
Will pilots resume if conditions improve?
Any restart will require capital, a committed team and partner alignment.
Does pilot status affect my ability to withdraw/repay?
No. Please follow the Repay/Withdraw Guide before 19 December; after that, use the Contract Interaction Guide.
Will you post updates if a pilot finds a new home?
If a credible, user-safe transition materialises, we’ll post an update here. Otherwise, assume pilots are paused.
Repaying and withdrawing positions in an orderly manner
What is “high utilisation” and why does it matter?
Utilisation is the share of supplied liquidity currently borrowed. At very high (or 100%) utilisation, withdrawals can’t complete until borrowers repay or positions are liquidated.
Could my withdrawal be blocked?
Near 100% utilisation withdrawls could be blocked. A withdrawal can revert because there’s no free liquidity at that moment. This is expected market behaviour that requires patience as borrowers unwind their positions and repay their debt position.
How do I exit if utilisation is near/at 100%? (Suppliers)
Try smaller, partial withdrawals.
Retry later. Utilisation fluctuates as borrowers repay or are liquidated.
Avoid peak times. Consider withdrawing less-utilised assets first.
Read more about existing positions here.
How do I exit if I have a borrow? (Borrowers)
Repay first (full/partial) to improve your health factor.
Then withdraw collateral in steps (repay → withdraw → repeat).
Keep a safety buffer to reduce liquidation risk.
What happens at 100% utilisation?
Suppliers: must wait for repayments/liquidations.
Borrowers: variable rates usually increase, encouraging repayment. Low health factor can trigger liquidations.
Will the team “unlock” liquidity?
If the protocol is at 100% utilisation it means that all supplied assets are fully borrowed so there is no liquidity to unlock. Exits rely on normal mechanics: repayments, deleveraging, liquidations. These mechanisms are industry standard by design and used by all major lending protocols in the space.
If I still can’t withdraw by 19 December?
You will still be able to withdraw by using the Contract Interaction Guide to interact directly with contracts. Note: even on-chain, a withdrawal still requires available liquidity.
Does my supplied position earn until I exit?
Yes, per market rules, until you withdraw. If you plan to exit, start early to avoid congestion.
What happens after 19 Dec 2025?
What happens to the Minterest App after 19 December?
The front end (app UI) will go offline on 19 December. After that, you will need to use the Contract Interaction Guide to repay or withdraw directly from the smart contracts.
Core infrastructure (Solvency Engine, etc.) will remain available until 31 December.
All smart contracts will continue to live on after 31 December for users to access for purposes of repayment and withdrawals.
What happens to Minterest's social accounts?
Minterest's Telegram/Discord channels will be muted and Minterest's X account will be no longer be active after 20 December.
Email support will be available at [email protected] until 31 December.
Can I still contact support after the front end shuts down?
Yes. Email support is available at [email protected] until 31 December.
Telegram/Discord channels will be muted on 20 December.
Are my funds safe after the front end is gone?
Yes. Your assets remain in the protocol contract and can still be repaid/withdrawn using the step-by-step contract guide. Nothing changes to your balances when the UI goes offline.
How long can I interact with the protocol after 19 December?
All smart contracts will continue to live on and you can interact with the contracts for as long as the chains exist. However, core infrastructure, such as the solvency engine, will go off on 31 December 2025.
What if I did not repay/withdraw by 19 December?
You will still be able to complete actions using the Contract Interaction Guide. However, without the UI this will require manual inputs (copy/paste contract functions).
Support will remain available by email through 31 December.
Will liquidations still occur after 19 December?
Liquidations operate according to contract rules until the protocol infrastructure is turned off (31 December). If you have an active borrow, please close it before 19 December to avoid risk.
Will interest continue to accrue after the UI is offline?
Yes. Interest accrues at the contract level even after the core infrastructure is shutdown. Repay early to avoid unnecessary costs or liquidation risk.
Can I still check my balances after the front end is removed?
Yes. You can view balances directly on the block explorer using the contract addresses listed in the Contracts Overview section.
Governance & IP
Is the Minterest codebase being open-sourced?
No. The codebase will be preserved privately. Publicly, we will only archive read-only repositories containing high-level documentation, change logs, and non-sensitive materials. The proprietary components of the protocol will remain under private custody.
Why not open-source the full codebase?
A full open-source release would require extensive security review and sanitisation, as well as partner clearances. Given the shutdown timeline, resource constraints, and security considerations, this is not feasible or appropriate.
Who will hold the admin keys after shutdown?
Admin keys will remain in the custody of a limited group of trusted team members until final infrastructure decommissioning is complete. This ensures user safety and prevents any unauthorised or unsafe redeployments.
Will the IP be sold or transferred?
There is no active sale process. If in the future a credible party expresses interest, the team may evaluate it, but only under appropriate legal review, compliance checks, and user-safety guarantees. No commitments or expectations should be assumed.
Who will own the Minterest brand, domains, and IP after shutdown?
All Minterest intellectual property, branding, and code will remain under the existing legal entity until the entity itself completes its formal closure process. No third party is authorised to use or represent the brand.
Legal & Administrative
Who operates the protocol now?
The protocol is operated by Sente Studios LLC, as set out in the Minterest Terms of Service.
Where should formal or legal inquiries be sent?
All formal correspondence can be sent to [email protected].
We are only able to refer to information that has already been made public in our official communications and documentation.
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