StandX will gradually wind down operations and has decided against issuing a native token, opting instead for a one-time DUSD airdrop with no lockup period. The distribution will be funded by remaining project revenue and additional team capital. All platform yields have ceased immediately as part of the shutdown process. A phased closure timeline is now in effect: perpetual contracts will only allow position reductions starting October 20, all open positions will close at mark price on January 15, 2027, and DUSD redemptions and withdrawals will end on January 31. The DUSD airdrop claim window opens November 1 at 08:00 Beijing time and closes December 31 at 16:00.