The NFT perpetual contract DEX nftperp plans to close the v1 closed beta and return user deposits, and plans to launch v2 simulated trading

ChainCatcher message, NFT perpetual futures DEX nftperp announced plans to close the v1 closed beta and will soon launch v2 simulated trading (paper trading). nftperp stated that the trading volume of the v1 closed beta reached 280,000 ETH, and the reason for closing v1 is that the AMM model is not scalable. Additionally, due to some internal errors in liquidation logic and accounting mistakes, nftperp has accumulated bad debts, so the team decided to intervene and support.
nftperp stated that all users' margins (WETH) will be returned within the next hour, so no user will lose their initial collateral/margin. For all users with negative unrealized P&L, their unrealized losses will be waived. (source link)