Stader Labs announced the discontinuation of MaticX, its liquid staking token (LST) built on the Polygon blockchain, effective immediately.
Sunsetting Schedule for MaticX
The staking contract upgrade slated for June 12 through June 19 will lock in a permanent exchange ratio between MaticX and the underlying MATIC token. This fixed rate will serve as the basis for all subsequent redemptions, removing any variability tied to MATIC price swings.
From June 19 until August 3, holders