OKX X Layer to Discontinue Its Swap Product
In a recent development, OKX X Layer has announced the discontinuation of its Swap product, effective from May 30, 2024. This decision will impact various functionalities associated with the product, such as trading, liquidity addition, and removal.
Implications of the Discontinuation
- Users are advised to withdraw their liquidity from the Swap product before the specified deadline to avoid any potential loss.
- Failure to remove liquidity within the allotted timeframe may result in the forfeiture of corresponding assets.
OKX’s Perspective
On May 14, 2024, the OKX team conveyed this update to its users, emphasizing their ongoing commitment to delivering secure and efficient services. Despite the discontinuation of the Swap product, they welcome community DEX deployments to enhance the X Layer ecosystem further.
Hot Take: Prepare for the OKX X Layer Swap Discontinuation
If you are a user of OKX X Layer’s Swap product, it’s crucial to take action before May 30, 2024, to safeguard your assets. Stay informed about the latest updates from OKX to navigate this transition smoothly and protect your investments in the X Layer ecosystem.
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