Delistings

Bybit will be discontinuing the support of UXLINK as a collateralizable or loanable asset, effective 

. Currently, Margin Trading for the UXLINK pair has been suspended, and new orders for Borrowing (UTA) and Crypto Loans involving UXLINK are no longer accepted.

• All borrowing and lending services for UXLINK will be suspended, including Borrowing (UTA), Crypto Loans, and Bybit Savings.

• UXLINK will no longer be accepted as collateral on Borrowing (UTA), Crypto Loans, and Institutional Loans, and cannot be used for repayment. 

• Any outstanding UXLINK liabilities must be repaid before Nov 21, 2024, 10AM UTC. Failure to do so will trigger automatic repayment of UXLINK liabilities and may lead to potential asset losses.  

• We strongly encourage users to adjust their margin before Nov 21, 2024, 10AM UTC, if applicable, and closely monitor the maintenance margin rate (MMR) and loan-to-value (LTV) ratio to avoid any potential liquidation.  

• UXLINK will be removed from Bybit Savings. Users' principal and accrued yield from staking UXLINK in Bybit Savings will be automatically credited to Funding Accounts. 

• Users are recommended to initiate early redemptions of UXLINK to avoid delays.

We strongly recommend users to take note of these upcoming changes and adjust their orders and financial strategies accordingly.

We appreciate your understanding and cooperation as we implement these changes.

Bybit will be discontinuing the support of UXLINK as a collateralizable or loanable asset, effective Nov 21, 2024. 

Discontinuation of UXLINK as Collateral and Borrowing Asset

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