Interest Rate Swaps Trading Platform Strips Finance to Shut Down V1

Arbitrum-based interest rate swaps trading platform Strips Finance announced that it will shut down Strips V1 to direct full attention and resources to the V2 launch. Currently, the progress for V2 is on schedule. On V1, all open IRS positions will be closed, and traders' full collateral will be returned to their original wallet. Stakers staked liquidity will also be returned. The unclaimed rewards will be sent to users' wallets. Traders or stakers don't need to take action. Once all assets are returned, Strips will restrict trading and staking activities and shut down the Strips V1 frontend interface.