Switchboard Technology Labs announced the immediate deprecation of all its oracle implementations, with full support ending on September 25, 2026. This shutdown affects price feeds critical to DeFi protocols on Solana like Kamino, Jito, MarginFi, and Drift, which collectively hold nearly $3 billion in assets. Users must act quickly to migrate or adjust positions, as stale or frozen price feeds could trigger wrongful liquidations or frozen withdrawals. Switchboard recommends Pyth Network and RedStone as replacements, but the short notice and lack of clear post-shutdown feed behavior pose risks. German investors should also consider tax implications of forced liquidations before the one-year holding period ends. This event highlights the fragility of oracle-dependent DeFi infrastructure amid economic pressures and security concerns.
The Switchboard Oracle Shutdown is announced with a deadline of September 25, 2026. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 22, 2026 04:15 WIB: out of 50 major cryptocurrencies, 46 rose and 3 fell today. Notable movers include BCH (Bitcoin Cash) up 8.20% at Rp4.764.825 with a typical hold time of 68 days, EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days, and BTC (Bitcoin) up 7.94% at Rp1.542.872.082 with a typical hold time of 110 days and 65% sell order activity.
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