StandX to Distribute DUSD Airdrop and Gradually Cease Operations

Huo火星 Finance reports that the perpetual contracts platform StandX has announced a one-time DUSD airdrop to its community, with users eligible to claim the full amount without any lock-up period. Allocation will be based on activities such as deposits, Alpha participation, mainnet trading, market making, and referrals. All allocations are subject to anti-sybil and anti-fraud screening, and amounts for suspicious accounts may be adjusted or revoked. StandX also confirmed it will not issue a token; the airdrop funds come from remaining project revenues and additional contributions from the team. StandX stated that since its mainnet launch in November 2025, it has served over 237,000 users, with a peak TVL exceeding $200 million, and has experienced no security incidents related to funds during operations. The airdrop eligibility check will open on October 26 at 00:00 UTC, and claims can be made between November 1 at 00:00 UTC and December 31 at 08:00 UTC; unclaimed amounts will be forfeited. Users must claim using the BNB Chain or Solana wallet address associated with their StandX account. StandX further announced that, following an evaluation of business and market conditions, it will gradually wind down operations. Starting October 15, all yields will cease and new deposits to the treasury will be disabled. Starting October 20, perpetual contracts will enter a “reduce-only” mode. All remaining positions will be closed at mark price on January 15, 2027, and the deadline for DUSD redemptions and asset withdrawals is January 31, 2027. The official reminds users to claim the airdrop exclusively through standx.com.