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