According to PANews, on-chain identity protocol Phi announced on May 4 that it will shut down its platform phi.box and related services on May 25, 2026. Users must complete reward claims, unstake assets, and organize NFTs before the deadline. The governance token $PHI will remain on-chain and tradable via Aerodrome, though liquidity may gradually decline. Phi, founded in 2022, previously launched Phi Land, an ENS-based on-chain activity visualization product that attracted 296,000 users and over 65 protocol partnerships, with more than 4.3 million NFTs minted.
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