Regarding StandX’s decision not to proceed with a TGE, I want to speak to everyone with complete candor. Without any external VC funding, our TVL reached a peak of $200 million. While our team delivered achievements worth being proud of, we still fell short of our ambition to become a top 3 perps dex. Given our current fundamentals, we technically could push forward with launching a token. However, launching a token primarily on the back of short term speculation without delivering sustainable long term value ultimately leaves the cost for our users and community to bear. Doing so would be irresponsible, both to our community and to our team, and it goes against my personal values. Most of our past revenue has already been passed back to users through SIP-2 and SIP-3 subsidies. For this upcoming airdrop, beyond utilizing our remaining project treasury, I will also personally contribute funds to do everything I can to give back to the community that supported us along the way. All user funds are completely safe and DUSD is fully collateralized. We will ensure an orderly wind down and clearly publish specific arrangements regarding fund withdrawals, airdrops, and service sunset dates. Thank you to every single user and team member. I deeply regret that we couldn't reach where we set out to go. You can trust that this final bittersweet process will be handled cleanly and professionally. Thank you, one final time, for your support throughout this journey and for standing with us. 这次 StandX不进行TGE的决定，我想坦诚地和大家说几句。 在没有外部资本加持的情况下，我们的 TVL 最高达到过 2 亿美元。团队做出了值得肯定的成绩，但仍未达到我们进入行业前三的预期。 以目前项目的基本面，我们确实可以继续发币。但如果无法兑现长期价值，靠发币和短期炒作获利，就是把代价留给用户和社区。这对外、对内都不负责任，也不符合我的价值观。 过去的大部分收入，已经通过 SIP-2 / SIP-3 补贴给了用户。这次空投，除了项目账上的盈余，我也会个人出资，尽力回馈一路支持我们的社区。 所有用户资金都是安全的。我们会确保有序关停，并明确公布资金提取、空投和各项服务停止的具体安排。 感谢每一位用户和团队成员。没能走到预期的位置，我很遗憾。我们会尽力把最后的事情做好。 Stand.

PERPDEX NIGHT is coming to Seoul 🇰🇷 October 1st, 6:00 to 9:30 PM. If you’re in Korea, come meet us there for trading battles, market insights and more with @071_labs, @risechain and @TurboFlow_xyz.

🏆 Community Vault Challenge rewards have now been distributed. 9,000 $DUSD has been awarded across three tracks. Congrats again to the winners and thanks to everyone who helped battle test Community Vaults. Meet the winners below 🧵

LongX Expansion Powered by @Lighter_xyz is now live with NVDA3x spot leverage token and its first demo pair. Over the past few hours we’ve stress tested the system with over $200K in volume, making sure minting, redemptions, pairing and secondary DEX liquidity are all working in tandem. How does it work? 1. NVDA3x wraps an NVDA 3x leveraged position on Lighter into an ERC20 2. We’ve launched an initial demo pair as we prepare to roll out full open pairing mode 3. Users can swap directly through the DEX pool or mint/redeem through the LongX contract 4. You can also mint NVDA3x first and then swap into pair or swap from the demo pair into NVDA3x and redeem on contract 5. The NVDA3x demo pair trades like any other pair on LONG 6. Fees generated from NVDA3x LP activity, minting and pair activity accrue back to $AI What’s next? We will actively monitor market stability today. Based on the results, we may open full pairing mode where anyone can pair with the NVDA3x spot ERC20. We are planning to aggressively scale liquidity and add more leveraged spot assets over the coming days. NOTE: The official demo pair is located on the LongX page. Any other NVDA3x pairs will not be unsupported. Please trade extremely carefully as the system is still experimental. We will post updates on our X account as the rollout progresses. LONG.

StandX BTC and XAU depth now rank first among leading perp DEXs. Cleared @Lighter_xyz , @grvt_io , @edgeX_exchange , and @extendedapp on 10bps / 5bps / 3bps. BTC now on par with @Aster_DEX . XAU already ahead of @HyperliquidX . SIP-5A is doing the work. Read more:

StandX is opening up a new class of trading primitives on @BNBCHAIN. Built on top of SIP-1, SIP-4 introduces DeFi's first American-style options on perpetuals - together they've already recorded $37M+ in onchain volume, all posted, matched, and settled natively on BSC. Not a fork. Not a copy. A net-new primitive built for BNB Chain: 🔶 Block TP: Sell the right for someone to take the other side at your target price. Monetize your exit. 🔶 Block SL: Flexible protection, without a forced stop-loss trigger. What we've shipped on BSC so far: • $94M+ $DUSD supply (TVL) • $318M+ cumulative DUSD minted • $40M+ notional volume matched on-chain across SIP-1 & SIP-4 • 19K+ DUSD holders • #1# pool on @PancakeSwap for 3 straight months Next up: SIP-5 Universal Markets. Anyone can list, fund, and scale a market: perps, prediction, spot, you name it. Fully onchain and built to stand on BNB Chain.