In a recent announcement, OKX X Layer has communicated its decision to discontinue the Swap product. The discontinuation will take effect from May 30, 2024, with features such as trading, adding liquidity, and removing liquidity being gradually suspended.

Key Points of the Announcement:

1. Discontinuation Date: May 30, 2024.

2. Affected Features: Trading, adding liquidity, and removing liquidity within the X Layer Swap.

3. Action Required: Users must remove any existing liquidity via X Layer Swap before the discontinuation date. Failure to do so may be considered a forfeiture of the corresponding equity.

4. Post-Discontinuation: After the product's discontinuation, functionalities like exchanging, removing liquidity, and accessing transaction history within the Swap product will no longer be available.

5. Future Prospects: Despite the discontinuation, OKX X Layer welcomes more community DEX deployments to enrich the X Layer ecosystem continuously.

Implications for Users:

Users are urged to act promptly by removing their liquidity from X Layer Swap to avoid forfeiture. OKX's commitment to providing secure and efficient services remains strong, despite the discontinuation of this particular product.

The announcement was made by the OKX team on May 14, 2024, reflecting their ongoing efforts to adapt and refine their offerings in the dynamic crypto environment.