nLEND Redemption Process Now Live
nLEND Redemption Process Now Live
💰 Your nLEND: Hold or Fold?
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
Important: Once redeemed, you cannot participate in future higher-value redemptions.
nLEND redemption is now live. If you were affected by the recent incident, here's how to claim your restitution. This thread breaks it all down — including why you might want to wait before redeeming. 🧵🪡
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.