🚨 StandX, co-founded by former Binance Futures executive Aaron Gong, has officially announced it is shutting down and will not issue a platform token.
The decentralized perpetuals project, which attracted over 237,000 users after launch and reached a peak TVL of more than $200 million, has begun winding down.
The timeline is crucial, especially for your funds:
▪️ October 15: Yield distributions end
▪️ October 20: Perpetuals become reduce-only
▪️ By January 15, 2027: All remaining positions must be closed
▪️ By January 31: Deadline to redeem DUSD and withdraw assets
The team says it will make a one-time DUSD airdrop using remaining revenue plus additional team contributions—but users should make sure not to miss the deadlines.
#StandX #DeFi #Cryptocurrency
The decentralized perpetuals project, which attracted over 237,000 users after launch and reached a peak TVL of more than $200 million, has begun winding down.
The timeline is crucial, especially for your funds:
▪️ October 15: Yield distributions end
▪️ October 20: Perpetuals become reduce-only
▪️ By January 15, 2027: All remaining positions must be closed
▪️ By January 31: Deadline to redeem DUSD and withdraw assets
The team says it will make a one-time DUSD airdrop using remaining revenue plus additional team contributions—but users should make sure not to miss the deadlines.
#StandX #DeFi #Cryptocurrency