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