PANews reported on April 1st that UX Chain, the lending blockchain within the Cosmos ecosystem, announced on the X platform that it will be gradually shutting down. The platform's liquidation process will begin on April 30th, and it is expected to cease operations completely by May 15th. Users are required to close out any open positions before this date. UX reserves and the treasury will be used to cover the protocol's funding shortfall; specific details will be announced on the governance forum.