Demex Exchange Resumes Operations After Technical Issues
Demex Exchange Resumes Operations After Technical Issues
🔄 Demex Back From The Dead
Demex exchange has successfully restored full functionality after experiencing technical difficulties. The platform had previously faced issues with loading trading and blockchain data that affected multiple features including Trade, Markets, Nitron, and Pools sections.
- All user funds remained secure throughout the downtime
- Trading and blockchain data loading issues have been resolved
- Users can now access all platform features normally
Visit Demex Exchange to resume trading activities.
✅ Demex is up and running again! Users can now resume their activities on Demex without any disruptions. Thank you for your patience! app.dem.exchange/trade
⚠️ PSA: Temporary Downtime on Demex Demex is experiencing connectivity issues with its RPC nodes. This affects activities done through the Demex UI. We're working towards restoring connectivity as soon as possible. Thank you for your patience.
nLEND Redemption Process Now Live
The nLEND redemption platform has launched, offering affected users a path to recover their assets. Here's the process: - **Step 1**: Users with Health Factor <1 must repay borrowed assets - **Step 2**: Claim nLEND tokens through Nitron platform - **Step 3**: Choose to redeem now or hold for potential higher value *Key Points*: - Redemption is optional; value can only increase - Only risky positions (HF <1) require repayment - Recovery efforts ongoing with full transparency Monitor redemption value at [DEM Exchange](https://app.dem.exchange/n-lend) *Important*: Once redeemed, you cannot participate in future higher-value redemptions.
nLEND Redemption Platform Launch Announcement
The nLEND redemption platform is scheduled to launch on June 26, 2025. This launch follows a necessary chain upgrade and extensive testing period. Key updates: - Platform goes live on June 26, 2025 - Includes new chain upgrade implementation - Complete code verification completed Users can find detailed information about the redemption process in the official blog post: [Launch Update](https://blog.dem.exchange/nlend-redemption-platform-launch-update/) *Important*: Review redemption guidelines before platform launch to ensure smooth conversion process.
Final Call: rSWTH Unstaking Deadline Approaches
**Important Deadline**: March 31st is the final day to unstake rSWTH from StaFi Protocol. Key steps: - Unstake via [StaFi Platform](http://app2.stafi.io/gallery/cosmos/SWTH/?net=stafiHub&tab=unstake) - Wait 31 days for $SWTH to appear in StaFi Hub wallet - Return $SWTH to Demex for staking benefits *Critical Warning*: Failure to unstake before the deadline may result in permanently locked funds due to StaFi's transition to LSaaS. Take action now to secure your assets.
Axelar Network Withdrawal Service Interruption Update
Axelar-based withdrawals are temporarily suspended on Demex. The technical team is collaborating with Axelar to restore services. Key points: - All user funds remain secure - Issue is related to ongoing Polynetwork-Axelar migration - Spot LP rewards remain paused during transition - Fiat withdrawals continue to function normally Platform stability and security remain the top priority during this maintenance period. Regular updates will be provided as the situation develops.