Phemex Will Offline LUNA Earn Crypto Products

Author: Alan W. Date: May 19, 2022

Phemex will be offlining all Earn Crypto asset management services for LUNA, including both Fixed and Flexible options, starting at 7:00 UTC on May 19, 2022.

Please note:

• All LUNA assets still in Flexible accounts by 7:00 UTC on May 19 will be returned to users’ spot wallet. This process will roughly take 1-3 business days.
• As of 7:00 UTC on May 19, Fixed period accounts (7-day or 14-day) for LUNA will cease to automatically renew. After the current fixed period ends, the asset principal and interest income earned will all be transferred to the flexible savings account, and then be returned to users’ spot wallet within 1-3 business days.