Mango Markets, the Solana on-chain DEX, is winding down its operations after reaching a settlement with the SEC, conducting a governance vote and dealing with legal issues arising from the 2022 breach. Yesterday Mango Markets announced through its X account that it was "closing the platform, it is time for users to position squaring". The move follows the "adjustment of interest rates and collateral" requirement in the governance proposal to end lending exposure on the platform, which will take effect on January 13.