We're winding down NX8, the tokenized Layer-1 index we launched with OpenDelta.
If you're a holder, nothing is lost - a fixed-price redemption route opens on 24 August, and this post covers everything you need to do.
Why wind-down NX8
NX8 was built to give exposure to major Layer-1 assets in a single token.
NX8 worked as designed, but an internal review made clear it no longer fits alongside our core priorities: trading and our agent products.
Instead of letting it run in the background, we’ve made the hard decision to wind it down on our own terms - with a clear timeline and a protected exit for every holder.
What to expect If you hold NX8:
Before 24 August:
NX8 can be sold on the open market today. Swap NX8 for USDC here. NX8 still tracks the index and the price follows the market
From 24 August:
A fixed-price USDC redemption route opens.
We'll update this post with the link when it's live. From Aug 24 onwards, there will be a fixed exchange rate available for any NX8 holder to convert to USDC.
What changes on 24 August
NX8 stops tracking its underlying index and is fully backed by USDC instead.
New minting closes.
NX8 stops earning NXP and Points’ bonuses.
FAQ
What price will I get?
Before 24 August: market price. From 24 August: a single fixed redemption price, the same for every holder. Network and transaction fees apply.
What if I sell NX8 on the open market instead?
You can sell NX8 on the open market at any time at the prevailing market price until 24th Aug, after that there’s no open market.
Is there a deadline to swap?
No. From 24 August, a fixed exchange rate will be available for NX8 holders to convert to USDC at any time.
What happens to my Nansen Points?
NX8 earns points bonuses through the week ending 23 August. After that, holding NX8 earns no points and NX8 trades no longer receive the bonus multiplier. Points already earned are unaffected.
Are there any OpenDelta token allocations or rewards tied to NX8?
No. There are no OpenDelta token allocations, rewards, or other benefits associated with NX8. This applies specifically to NX8 and does not affect other current or future Joint Venture Protocols.
Where can I get help?
For questions about trading or Points, contact support@nansen.ai. For questions about NX8 and the wind-down, contact info@opendelta.com.
