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UX Chain will gradually suspend operations and is expected to be fully shut down by May 15.
ME News update. On April 1 (UTC+8), Cosmos ecosystem lending blockchain UX Chain posted on X, stating that it will gradually suspend operations. Users must close out any open positions before the start of the full-platform liquidation process on April 30. The protocol is expected to be completely shut down by May 15. The UX reserves and treasury will be used to cover the protocol’s funding shortfall. (Source: Foresight News)