OKX X Layer to Discontinue Swap Product

OKX X Layer to Discontinue Its Swap Product

In a current announcement, OKX X Layer has communicated its resolution to discontinue the Swap product. The discontinuation will take impact from May 30, 2024. The options of X Layer Swap, together with buying and selling, including liquidity, and eradicating liquidity, can be step by step suspended.

Upon the product’s discontinuation, functionalities resembling exchanging, eradicating liquidity, and accessing the transaction historical past throughout the Swap product will now not be accessible. Users are suggested to take away any current liquidity through X Layer Swap earlier than the discontinuation date.

Implications for Users

Users are urged to take away liquidity prior to the discontinuation date. If liquidity is just not eliminated throughout the specified timeframe, it could be taken as a forfeiture of the corresponding fairness.

Despite the discontinuation of the Swap product, OKX X Layer has expressed a heat welcome to extra neighborhood DEX deployments to constantly enrich the X Layer ecosystem.

A Word from OKX

The announcement was made by the OKX staff on May 14, 2024. As one of many main crypto platforms, the staff assured customers of their dedication to present safe and environment friendly providers.

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