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Neutron will shift to long-term maintenance mode, with multiple products gradually shutting down
The Cosmos cross-chain smart contract platform Neutron tweeted that its network will shift to a long-term maintenance mode, prioritizing the protection of user, builder, and stakeholder asset security. Core changes include: Supervaults will prohibit new deposits starting March 16, DEX and Supervaults will be completely suspended by April 17 (only withdrawal channels will remain until June 30); dNTRN holders can exchange for NTRN through the Drop website or Neutron app starting March 23; wstETH holders must cross-chain back to Ethereum by June 30; the NTRN redemption mechanism will be announced later, and the remaining assets after the foundation's liquidation are intended to be returned to the DAO proportionally.
Governance, staking, and validator systems will abandon the Neutron custom model and switch to the standard Cosmos model; token inflation will be dynamically adjusted, and the foundation and DAO plan to destroy a large amount of NTRN to compress supply; Hadron Labs will maintain the network until June 30, after which it will transition to a low-maintenance community support mode; Fireblocks support will end by the end of April. The team stated that despite significant innovations over the past four years, the recent market environment has been poor, and the lack of a viable long-term strategy led to this decision.
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