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In light of the recent developments surrounding Terra (LUNA) and the Terra Ecosystem, we have decided to remove LUNA from our Earn feature. This means that your LUNA funds, along with any interest you have accrued, will be moved back to your Swyftx trading wallet at 10:00am AEST on Tuesday the 17th of May and you will no longer receive daily interest on these holdings.
Please contact our customer support team via our live chat if you have any questions or concerns.
We understand this has been a turbulent time for our customers and appreciate the patience as we reviewed the ability of trading both Terra (LUNA) & TerraUSD (UST) on the Swyftx platform.
After assessing the current state of the Terra Ecosystem, Swyftx does not believe either asset meets our listing criteria at this time. Therefore, have now enabled the ability for customers to remove LUNA or UST from our platform either via withdrawing your assets elsewhere or selling at the current market price. Buys and deposits of these tokens are currently disabled.
While we acknowledge this will be disappointing to some of our customers, we think this is the right decision for us to make. We will continue to monitor the performance of both LUNA and UST and will provide further updates on the Swyftx platform.
If you have any questions or concerns, please contact our customer support team via live chat.
Swyftx have had to halt trading of Terra (LUNA) & TerraUSD (UST) due to a lack of liquidity in the market.
While trading is halted, Terra (LUNA) & TerraUSD (UST) will still appear in your balance, but they will be unavailable to Buy, Sell, Withdraw or Deposit.
For users who have LUNA or UST in Earn, you will still be able to withdraw these tokens to your user balance on the Swyftx platform.
We will continue to monitor market conditions and keep you updated.
We apologise for the inconvenience. If you have any questions or concerns, please contact our customer support team via live chat.