nLEND Redemption Platform Launch Announcement
nLEND Redemption Platform Launch Announcement
🔄 Your nLEND Awaits...
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
Important: Review redemption guidelines before platform launch to ensure smooth conversion process.
⚙️ The nLEND redemption platform is set for launch tomorrow, 26 June 2025. 💫 We have important updates regarding redemption process. Details here: blog.dem.exchange/nlend-redempti…
📢 The nLEND conversion date and redemption platform launch is set for 26 June 2025 (10 days from now). 🧪 This is in view of the required chain upgrade, along with additional time required for testing and verifying of new code. Details here: blog.dem.exchange/nitron-update-…
📢 The nLEND conversion date and redemption platform launch is set for 26 June 2025 (10 days from now). 🧪 This is in view of the required chain upgrade, along with additional time required for testing and verifying of new code. Details here: blog.dem.exchange/nitron-update-…
We've published the restitution plan for the Nitron exploit with updates and next steps. 💙 Affected lenders will receive a recovery token with a flexible redemption path. ⚖️ We're committed to making things right while preserving the long-term health of the platform.
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.
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.