Gate News bot message, according to the Gate announcement on March 4, 2024. Gate announced the removal of the leveraged trading pair for Arcana Network (XAR). The platform has closed the new leveraged lending services for this token. It is reported that users need to complete loan repayments by September 4, 2025, 11:00 (UTC+8). If the repayment is overdue, it will trigger the system's automatic repayment procedure. This adjustment is made based on Gate's periodic project review mechanism.

BlockBeats news, on August 27, Avail announced the acquisition of the chain abstraction protocol Arcana. All XAR Tokens will be exchanged for AVAIL at a ratio of 4:1, and the tools of Arcana will be integrated into the Avail stack, with most team members also joining Avail. The unlocked AVAIL after the exchange will be released over a period of 6 to 12 months, while the tokens belonging to the Arcana team will unlock over 3 years. Avail is a modular blockchain infrastructure project led by Peter.