Demex Announcements

The FINAL Season of Demex Credits has come to an end! We accrued $6599.23 in trading fees - with 400,000 $SWTH distributed among 59 traders! You can claim your rewards now. https://app.dem.exchange/rewards/demex-credits

🚀 Trading on Demex is about to be (almost) FREE! We are excited to announce a new fee structure for all markets. The new fee model will be implemented on October 1st, 2025. ⊹ New volume-based tiers ⊹ Taker fees drop to 0% with $SWTH staked ⊹ Maker is ALWAYS free (with rebates) And soon: Fees only on profits + capped fee per trade → trade unlimited volume for <$1 in fees 🐋

🚀 The Demex Referral Club is LIVE! ⊹ Share your referral link ⊹ Your friends trade $1K in perps ⊹ You earn $5 per referral Plus, the more they trade = the more you collect in commissions. 📅 Ends 30 September, 2025 Refer a friend → https://app.dem.exchange/rewards/referrals Learn more: http://guide.dem.exchange/demex-rewards/demex-referral-club

ONE. LAST. SEASON. The FINAL season of Demex Credits is here! Trade perps, rise to the top, and own the finale 👑 ⊹ Up to 10% in trading rebates ⊹ Rewards kicking off at 400,000 $SWTH But don't blink — something BIG is coming next 👀

Demex Credits Season 20 has come to an end! We accrued $6599.23 in trading fees - with 400,000 $SWTH distributed among 59 traders! You can claim your rewards now. https://app.dem.exchange/rewards/demex-credits

🔊 Nitron nLEND Parameter Changes Please note that the Nitron price and Liquidation Threshold parameter of nLEND will instead be adjusted to 0.12 and 1.00 respectively on 21 Aug 3pm HKT. More info: https://x.com/demexchange/status/1957396878695579698

✨ Updated Tier Structure✨ The new Demex Tier requirements will take effect on 22 July. Our goal remains the same: to deliver an unparalleled trading experience while maximizing value for $SWTH stakers. More details above 👆🏻

$PUMP pre-market is now trading live on Demex! 💎 Up to 20x leverage 💎 Supported by liquidity from the FOMO Perp Pool Any trade on perpetual markets will earn both Carbon Credits (trading incentives) and Demex Points: https://app.dem.exchange/trade/PUMP-PERP

🔥 Nitron Liquidations Update ⚠️ We have revised our scheduled liquidation process. ✅ Please read the following article for details: https://blog.dem.exchange/nitron-update-to-liquidation-process/

💙 nLEND redemption is now live. 📗 If you were affected by the recent incident, here's how to claim your restitution. 🕯This thread breaks it all down — including why you might want to wait before redeeming. https://x.com/demexchange/status/1938196062248059164

⚙️ The nLEND redemption platform is set for launch tomorrow, 26 June 2025. 💫 We have important updates regarding redemption process. Details here: https://blog.dem.exchange/nlend-redemption-platform-launch-update/

📢 The nLEND conversion date and redemption platform launch is set for 26 June 2025 (10 days from now). 🧪 This is in view of the required chain upgrade, along with additional time required for testing and verifying of new code. Details here: https://blog.dem.exchange/nitron-update-nlend-launch-date/

✅ Demex is up and running again! Users can now resume their activities on Demex without any disruptions. Thank you for your patience! https://app.dem.exchange/trade

⚠️ PSA: Temporary Downtime on Demex Demex is experiencing connectivity issues with its RPC nodes. This affects activities done through the Demex UI. We're working towards restoring connectivity as soon as possible. Thank you for your patience.

We've published the restitution plan for the Nitron exploit with updates and next steps. 💙 Affected lenders will receive a recovery token with a flexible redemption path. ⚖️ We're committed to making things right while preserving the long-term health of the platform. https://blog.dem.exchange/nitron-exploit-update-restitution-next-steps/

Our post-mortem has been published here: https://blog.dem.exchange/nitron-post-mortem/

Dear Demex Community, We’re heartbroken to share that the Nitron lending market on Demex was exploited today, resulting in just over $1 million in user funds being drained. The exploit was caused by a faulty oracle tied to the deprecated dGLP token. We are truly sorry this has happened. As soon as we detected suspicious activity, we immediately paused all lending and borrowing on Nitron and launched a full investigation. Our top priority now is tracing the stolen funds and working with partners, exchanges, and relevant authorities to prevent the exploiter from moving or cashing them out. Here’s what’s happening: Lending & Borrowing Paused: All Nitron activity has been halted to prevent further loss. Trading on spot and perpetual markets is unaffected, and the loss is fully contained to Nitron lenders. Funds Tracing Underway: We are tracking the attacker’s addresses and movements across chains. Coordination in Progress: We are actively working with exchanges and infrastructure partners to freeze or intercept funds where possible. Next Steps for Lenders: We are assessing options for restitution and will share a concrete plan as soon as possible. A detailed list of affected assets will be published shortly. A full post-mortem is in progress and will be shared publicly. We will also schedule a community discussion to walk through what happened and how we’re moving forward. We know your trust has been shaken. We’re doing everything in our power to make this right — and we’ll keep fighting for every dollar that was taken. With heavy hearts, The Demex Team https://x.com/demexchange/status/1923188482543059129

Dear Demex Community, We’re heartbroken to share that the Nitron lending market on Demex was exploited today, resulting in just over $1 million in user funds being drained. The exploit was caused by a faulty oracle tied to the deprecated dGLP token. We are truly sorry this has happened. As soon as we detected suspicious activity, we immediately paused all lending and borrowing on Nitron and launched a full investigation. Our top priority now is tracing the stolen funds and working with partners, exchanges, and relevant authorities to prevent the exploiter from moving or cashing them out. Here’s what’s happening: Lending & Borrowing Paused: All Nitron activity has been halted to prevent further loss. Trading on spot and perpetual markets is unaffected, and the loss is fully contained to Nitron lenders. Funds Tracing Underway: We are tracking the attacker’s addresses and movements across chains. Coordination in Progress: We are actively working with exchanges and infrastructure partners to freeze or intercept funds where possible. Next Steps for Lenders: We are assessing options for restitution and will share a concrete plan as soon as possible. A detailed list of affected assets will be published shortly. A full post-mortem is in progress and will be shared publicly. We will also schedule a community discussion to walk through what happened and how we’re moving forward. We know your trust has been shaken. We’re doing everything in our power to make this right — and we’ll keep fighting for every dollar that was taken. With heavy hearts, The Demex Team https://x.com/demexchange/status/1923188482543059129

Turn your trades into a strategy others can follow. Or let a pro trade for you. Introducing User Pools on Demex: ⊹ Traders earn by managing perp pools ⊹ Depositors earn passively from shared PnL Fully on-chain. Transparent. Permissionless. → app.dem.exchange/pools/perp/user View full thread: https://x.com/demexchange/status/1922952315499315249 Guide: https://guide.dem.exchange/demex-rewards/user-pools

✅ All activities on Nitron have resumed — the temporary pause has been lifted and services are fully back online. All funds are SAFU. Thank you for your patience! View tweet: https://x.com/demexchange/status/1922533768478523779