Aptos ecosystem DEX protocol Mojito Markets announced that the entire team has decided to pause protocol development due to the impact of the FTX/Alameda crash, the loss of project funds that were under the custody of FTX, and the loss of Alameda as the team's market maker.
When the capital/funding situation becomes better, Mojito Markets intends to pick up where it left off but also go multi-chain to maximize exposure of the protocol, whilst also tapping into universal cross-chain liquidity.
Next, the official team will remint $MOJO on Ethereum, which will be the first step on its multi-chain journey when the project decides to pick things back up. The exact operation will be announced in the following days.