Stader Labs ceases operation of MaticX, users must redeem it before August 3, 2026

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Stader Labs, a liquidity pledge agreement, announced the discontinuation of MaticX operations. Starting today, MaticX will no longer accept new deposits and will enter a claim only state. The official MaticX DApp interface will be offline on August 3, 2026, and users need to complete asset redemption before then. The exchange rate between MaticX and MATIC will be permanently locked around June 19, 2026. After August 3, 2026, users can still withdraw assets through Etherscan smart contracts before August 3, 2029.

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