Overview
- StandX has begun a phased shutdown, immediately stopping all yield payments and closing new vaults and deposits as it winds down trading services.
- Perpetual futures will be switched to reduce‑only trading on October 20, and any remaining open positions will be closed automatically on January 15, 2027.
- The project will not issue the planned native token and will instead fund a one‑time, no‑lockup DUSD airdrop with leftover revenue and team contributions; claims open November 1 and close December 31, 2026.
- Users must withdraw funds or submit DUSD redemption requests by January 31, 2027, with redemptions from requests by that deadline expected to complete within seven days.
- StandX said it never suffered a fund security incident, served more than 237,000 users with peak TVL above $200 million, and the closure is one of several 2026 decentralized trading shutdowns that suggest pressure on parts of the DeFi perps market.