UX Chain will gradually cease operations and is expected to be fully shut down by May 15.
Foresight News reported that Cosmos ecosystem lending blockchain UX Chain announced on Twitter that it will gradually cease operations. Users must close any open positions before the platform-wide liquidation process begins on April 30. The protocol is expected to be fully shut down by May 15. UX reserves and treasury will be used to cover the protocol’s funding shortfall.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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