The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.
Source: [CoinTelegraph](https://cointelegraph.com/news/botanix-says-it-didnt-work-as-bitcoin-scaling-platform-shuts-down-sets-withdrawal-deadline?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)