ChainPort to Remove Public Stablecoin Liquidity Pools

tl;dr

ChainPort is phasing out public stablecoin liquidity pools for an infrastructure upgrade.

Users must remove liquidity by June 20th to ensure a smooth transition.

To withdraw, visit “Liquidity Pools” page, connect wallet, select pool, and click “Withdraw Liquidity.”

More details on the new stablecoin architecture to be shared soon.

Public Liquidity Pools to be Removed from ChainPort

ChainPort is phasing out its public stablecoin liquidity pools. The change is part of an upcoming infrastructure upgrade aimed at building a stronger, more secure architecture for stablecoin bridging.

As part of this transition, all users who have provided stablecoin liquidity are requested to remove their funds by June 20th. This is a crucial step to ensure a smooth upgrade process and to protect user assets during the architectural upgrade.

To revoke liquidity, please visit our “Liquidity Pools” page and connect your wallet, then select the pool corresponding to the chain or chains you provided liquidity for. Then you can click on the “Withdraw Liquidity” button. Beyond minor gas fees, there are no restrictions or fees to withdraw funds.

The new stablecoin infrastructure, set to launch in the future, will bring advanced features and a more robust foundation designed to improve stablecoin bridging across supported chains.

Despite the change in architecture, stablecoin bridging activity will continue as usual.

ChainPort appreciates the continued support of our community and liquidity providers as we make these important changes. More information on the upcoming architecture and its benefits will be shared soon.

‍

Join ChainPort’s community for updates: