Gate News: On March 17, Cosmos cross-chain smart contract platform Neutron announced that its network will shift to a long-term maintenance mode, prioritizing the protection of user, builder, and stakeholder assets. Key changes include: Supervaults will prohibit new deposits starting March 16; DEX and Supervaults will fully shut down by April 17 (with withdrawal channels remaining until June 30); dNTRN holders can exchange for NTRN via the Drop website or Neutron app starting March 23; wstETH holders must cross-chain back to Ethereum before June 30; the NTRN redemption mechanism will be announced later, and remaining assets after foundation liquidation will be proportionally returned to the DAO. Governance, staking, and validator systems will abandon the custom Neutron model and switch to standard Cosmos mode; token inflation will be dynamically adjusted, and the foundation and DAO plan to burn a large amount of NTRN to reduce supply; Hadron Labs will maintain the network until June 30, after which it will transition to a low-maintenance community support mode; support from Fireblocks will end by the end of April. The team stated that despite significant innovation over the past four years, recent market deterioration and a lack of feasible long-term strategy led to this decision.
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