The multi-chain liquid staking platform Stader Labs has announced a significant change to the redemption process for its discontinued assets, NearX and BNBx. Starting October 29, 2026, the protocol will transition from traditional on-chain smart contract withdrawals to a verified claim process. This move marks a final shift in how users can recover liquidity from these sunsetted products across the Near Protocol and BNB Chain networks.
Transition to Verified Claim System
According to the official communication from Stader Labs, the current window for standard on-chain withdrawals is nearing its conclusion. Until the deadline on October 29, users maintain the ability to interact directly with the existing smart contracts to withdraw their funds without additional verification layers. Once the transition occurs, the protocol will implement a verified claim mechanism, which serves as a structured method for users to receive their underlying assets after the automated withdrawal functions are decommissioned.
- NearX: Liquid staking token previously utilized on the Near blockchain.
- BNBx: The Stader-specific liquid staking derivative for the BNB ecosystem.
- Deadline: October 29, 2026, for standard smart contract redemptions.
Status of MaticX and Fixed Exchange Rates
While NearX and BNBx undergo this procedural change, Stader Labs confirmed that MaticX—another discontinued product associated with the Polygon ecosystem—will operate under different parameters. MaticX will continue to support standard on-chain withdrawals for the time being. The protocol has established a fixed exchange rate for this asset to ensure transparency during the phase-out period.
MaticX will continue to support on-chain withdrawals, with a fixed exchange rate of 1.2002 POL per MaticX.
The migration of Matic (MATIC) to the new Polygon ecosystem token (POL) is reflected in this fixed conversion rate, ensuring holders receive the updated native asset.
In summary, investors holding NearX or BNBx are encouraged to review their positions before the October 29 transition to avoid the additional steps required by the verified claim process. Stader Labs continues to streamline its product suite, focusing on core liquid staking offerings while providing legacy paths for users to exit discontinued liquidity pools across multiple blockchain environments.
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