After the vote is passed, UXD Protocol will gradually shut down and return 7.50 million US dollars of unused funds to investors.

Foresight News reported that the Solana ecosystem stablecoin project UXD Protocol announced the closure of the project due to insufficient liquidity and the failure of its stablecoin model to succeed in the market. The project will return unused funds to investors. The closure and capital repayment process of the protocol have initiated a DAO vote, which will last for a week. If the vote is successful, the protocol will gradually close, returning $7.50 million of user deposits. UXD Protocol stated, "Due to illiquid assets in the insurance fund, the entire closure process may take up to two years for investors to convert illiquid assets into USDC and exit the protocol."