ZKX Ceases Operations: The Demise of the StarkNet Derivatives Trading Protocol
Publication Time:2024-07-30 19:07:07
According to Golden Finance reports, ZKX, a derivatives trading protocol operating on StarkNet, has announced its cessation of operations. The founder @0xEduard expressed on social media that despite the team's best efforts, they were unable to find an economically viable path to sustain the project. As a result, they had no choice but to make this difficult decision. Following the announcement, all markets have been delisted, and positions have been closed out. Meanwhile, all funds have been refunded to each user's trading account, enabling users to freely transfer funds to their primary self-hosted accounts. A self-hosted ZKX account is a wallet on Starknet, through which users can safely withdraw funds back to the L1 chain using the Starkway bridge. Moreover, the team emphasized that the protocol will continue until the end of August, and the allocation and distribution of ZKX will continue after September 1st. Given this situation, it is strongly advised that all users withdraw funds by the sunset date in August and claim any pending STRK rewards.
Starknet
ZKX
Ceases Operations
Derivatives Trading Protocol
Funds Refund