BlockBeats News, July 22, Ostium announced that it will resume trading on Thursday, July 23 at 10:00 AM EDT. All open positions and orders will be retained as is, re-marked at the real-time market price at the time of recovery, and assessed for liquidation or take-profit/stop-loss triggers. The protocol will gradually restore functionality, initially only allowing "decrease-only" operations such as closing positions, adding collateral, modifying or canceling orders, and automatic take-profit/stop-loss, and liquidation. The opening of new positions will be enabled after the relevant orders are executed.
Ostium also announced the suspension of new OLP liquidity deposits. Existing LP withdrawals will be processed in the next settlement cycle and reminds users to beware of impersonation scams by fake official accounts, as they will never ask for private keys or recovery phrases.
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