Service status of Mixin Network, and the products and protocols in its ecosystem

Here is the Chinese version of the article. 阅读本文中文版，请前往此处。

Mixin Network

Mixin Wallet

• Functions in question: transaction, withdrawal and deposit
• Current status:
  • ✅ The New Mixin Mainnet has been launched. Users can migrate most types of their crypto assets in the wallets from the old Mixin Mainnet to the new Mainnet uni-directionally but not reversely.
  • ⏸️ Withdrawals and deposits on the new Mixin Network are still suspended. The functions will be resumed soon.
  • ⏸️ Deposits on the old Mixin Network are suspended.
    • If you have made deposits to Mixin Network using MVM bridge or Fennec wallet after the network suspended deposits and haven't received the deposits yet, please fill the form https://forms.gle/zFAwfggvd442WaJ68 and join Mixin customer support group on Telegram to report the issue.
  • ❌ Withdrawals on the old Mixin Network has been permanently disabled. To withdraw, please migrate your assets to the new Mixin Network and wait for the resumption of the withdrawal function.
• Notes: you need to upgrade your Mixin Messenger app to the 1.0 version or above to be able to migrate your assets. To migrate, first enter Mixin wallet by clicking on the "wallet" icon on the bottom left of the screen, then click on the blue banner on the top of the page. You can also migrate by adding Safe Network Migration (Mixin ID: 7999194743) and clicking on bot icon to continue.

Pando

For the operational statuses of Pando protocols and products, and the frequently asked requestions regarding Pando services, please check this article (writen in Chinese).

Pando Swap

• Functions in question: Swap trading, limit order trading, liquidity management (including adding and removing liquidity)
• Current status:
  • ✅ Liquidity management function including adding and removing liquidity has been resumed.
  • ⏸️ Trading is still suspended.
• Future plans:
  • Pando Swap will be operated independently on both the new and old Mixin Networks in the future. Trading function will be available on both networks but the exact timetable is yet to be announced.
• Notes: it's recommended that all liquidity involving USDT (ERC20), BTC, ETH and/or BOX be removed now to prevent losses resulting from changes in asset prices once the trading function resumes. For liquidity not involving the above mentioned cryptocurrencies, no action is needed at the moment. For details, please check this article.

Pando Leaf

• Functions in question: stablecoin minting, loan repayment, collateral redemption
• Current status:
  • ✅ Loan repayment must be made in one installment; partial repayment is temperarily not supported.
  • ✅ Collateral can be redeemed only when loans are 100% paid off.
  • ⏸️ Debt interest accural and liquidation are both suspended.
• Future plans:
  • Pando Leaf will be operated independently on both the new and old Mixin Networks in the future.
  • Leaf on the new Mixin Network will have the full set of functions while the Leaf on the old network will only allow for loan repayment and collateral redemption but discontinue the stablecoin minting function. The exact timetable is yet to be announced.
  • A two-way pUSD bridge will be provided where users can transfer pUSD between the old Mixin Network and the new one.
• Notes: it's recommended that the collateral sETH-BTC be redeemed as it's the liquidity provider token of the liquidity pair ETH/BTC in Pando Swap and the reason for withdrawing its liquidity is mentioned in the above Pando Swap section. For all other types of collateral, no action is needed at the moment.

Pando Rings

• Functions in question: supplying assets, pledging assets, borrowing assets, repaying loans, and redeeming assets
• Current status:
  • ✅ Collateral can be redeemed only when loans are 100% paid off. (Redemption of other types of collateral is not resumed yet.)
  • ⏸️ Debt interest accural and liquidation are both suspended.
• Future plans:
  • Rings will resume operation on the old Mixin Network (but not yet have plans to operate on the new network).
  • Rings on the old network will discontinue asset borrowing, but allow for partial loan repayment and asset redemption. The exact timetable is yet to be announced.
• Notes: it's recommended that the all LP-Token collateral (non-LP-Token collateral are not included) involving USDT (ERC20), BTC, ETH and/or BOX be redeemed for the reason mentioned in the Pando Swap section.

Shares in the XIN Node

• Functions in question: buying and redeeming shares of XIN Node
• Current status:
  • ✅ both buying and redeeming shares of XIN Node are available
  • ⏸️ Profit distribution is currently suspended due to the Mixin network migration. The profits will be paid retroactively when the migration is finished.
• Future plans:
  • Users' purchased shares will be automatically migrated to the new Mixin Network.
• Notes: no action is not needed on the users' end.

BOX Exclusive Wealth Management

• Functions in question: buying and redeeming shares of BOX Exclusive Wealth Management Product
• Current status:
  • ⏸️ both buying and redeeming shares are suspened.
• Future plans:
  • Users' purchased shares will be automatically migrated to the new Mixin Network.
• Notes: no action is needed on the users' end. All shares will be automatically migrated to the new Mixin Network. After the migration, buying and redeeming of shares will be resumed and users with shares will receive corresponding Mixin bonds in accordance with the amount of tokens they hold.

B.watch

• Functions in question: buying and redeeming underlying crypto assets of BOX
• Current status:
  • ⏸️ both the buying and redeeming of the assets are suspended.
• Notes: no action is needed on the users' end. The service will be automatically migrated to the new Mixin Network. Once the migration is concluded, the buying and redeeming of the underlying assets of BOX will be resumed.

BEE.holdings

• Functions in question: buying and redeeming underlying crypto assets of BEE
• Current status:
  • ⏸️ both the buying and redeeming of the assets are suspended.
• Notes: no action is needed on the users' end. Plan for migration is yet to be announced.

Exin

• Functions in question: Swap trading, limit order trading, regular investment, and loans
• Current status:
  • All services are available now in the old Mixin Network.
  • Only USDT(TRC20) is supported in trading.
  • New network is not yet suppprted for all its services.
  • Users' Exin wallet only show the assets on the old Mixin Network.

Big.ONE

(To be added)