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.
You may also like
Bitcoin Rises Amid Dollar Debasement Trade -- Market Talk
Standard Nuclear Q2 Loss Widens, Revenue Rises
Citi: Permian Basin will become the largest natural gas-producing region in the US; surge in associated gas may weaken the long-term bullish outlook for gas prices
The Permian Basin is set to become the largest natural gas production base in the United States, replacing the Marcellus Shale region, which has held the top spot since 2012.
Prebona receives repeat textile industry order worth over SEK 300,000
Crypto prices
More
