• 34ºc, Sunny

StarkNet derivatives trading agreement ZKX ceases operations

StarkNet derivatives trading protocol ZKX founder @0xEduard said it was with great regret to announce the suspension of operations, adding that despite best efforts, it was still impossible to find an economically viable path for the protocol. Currently: All markets are delisted, positions are squaring, and all funds are returned to each user's trading account; Users can transfer funds from the trading account to the master self-escrow account; The self-escrow ZKX account is a wallet on Starknet, and users can withdraw money back to L1 via the Starkway bridge at any time; The agreement will last until the last day of August, and ZKX vesting and distribution will continue after closing on September 1st; All are strongly advised to withdraw funds and claim any pending STRK rewards before sunset in August.