According to Huoxing Finance, on June 13, the liquid staking protocol Stader Labs announced the official cessation of operations for MaticX. Effective immediately, MaticX will no longer accept new deposits and will enter a “claim-only” state, with users still able to redeem their corresponding MATIC assets via the existing interface. According to the announcement, the official MaticX DApp interface will be permanently retired on August 3, 2026, after which users will no longer be able to perform operations through the web interface and must use Ethereum blockchain smart contracts via Etherscan to claim their assets. Stader Labs stated that it will upgrade the MaticX staking contract between June 12 and June 19, 2026. Around June 19, the exchange rate between MaticX and MATIC will be permanently locked and will serve as the final settlement rate for all future redemption requests. Users who have already completed redemptions prior to this date will not be affected; users who have not yet redeemed may continue to claim their assets via the existing DApp interface or Etherscan. Assets that have been requested for redemption but not yet withdrawn to wallets can also be claimed later via the Etherscan contract. Meanwhile, from June 19 to August 3, 2026, the MaticX DApp will continue to offer instant redemption services at a fixed exchange rate. After August 3, 2026, the official MaticX frontend interface will be permanently discontinued, but users will still be able to directly claim their assets via the Etherscan contract for the next three years, with the claim period extending until August 3, 2029. Stader Labs stated that it will release a detailed Etherscan contract claiming tutorial prior to the DApp shutdown to ensure users can successfully complete asset redemption.
Stader Labs Announces MaticX Shutdown; Users Must Redeem Assets by August 3, 2026
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Summary
On June 13, 2026, Stader Labs announced the shutdown of MaticX, a development covered in on-chain news. New deposits are now blocked, and the platform has entered claim-only mode. Users can redeem MATIC through the current interface until August 3, 2026. The DApp will be permanently closed on that date, with redemptions thereafter possible via Etherscan. Stader will upgrade the staking contract between June 12 and 19, 2026, locking the exchange rate for final settlements. A guide for Etherscan redemptions will be published prior to the shutdown.
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