StarkNet derivative trading protocol ZKX has ceased operations.

ChainCatcher message, the founder of the derivatives DEX ZKX based on Starknet and Ethereum, Eduard, issued a statement saying that the protocol will cease operations due to the inability to find an economically viable path for it.

Currently, all markets have been delisted, positions have been closed, and all funds have been returned to each user's trading account; users can transfer funds from their trading accounts to their main self-custody accounts; the self-custody ZKX account is a wallet on Starknet, and users can withdraw back to L1 at any time through the Starkway bridge; the protocol will continue until the last day of August, and the ZKX ownership and distribution will continue after the closure on September 1; it is strongly recommended that everyone withdraw their funds and claim any pending STRK rewards before the August sunset.