PANews reported on March 17th that Neutron, a Cosmos ecosystem project, announced its transition to a long-term maintenance mode. Due to unfavorable market conditions over the past few months rendering its original strategy ineffective, and after failing to find alternative paths such as new product development, blockchain mergers and acquisitions, and a new leadership, Neutron has decided to prioritize the interests of users and builders by transitioning the network to a long-term maintenance state. DEX and Supervault will be suspended and enter a withdrawal-only mode no later than April 17th. dNTRN holders can redeem their NTRN through the Drop website or the Neutron application starting March 23rd. wstETH holders must bridge back to Ethereum by June 30th. The redemption mechanism for NTRN holders will be announced separately. Hadron Labs will be responsible for network maintenance until June 30th, 2026, after which a manual withdrawal guide will be released. Governance will transition from a custom system to the standard Cosmos staking model, inflation will be dynamically adjusted, and the validator set will be reduced.
The key timeline is as follows:
- March 16: Supervault deposits have been disabled, and the BTCFi event has ended;
- March 23: dNTRN redemption opens (via Drop website or Neutron app).
- March 27: Deadline for price inquiry regarding the right to maintain rights;
- April: Proposed NTRN redemption mechanism (details pending); DEX and Supervault suspended operations and entered withdrawal-only mode.
- April 30: Fireblocks ended support for Neutron;
- Early May: Network upgrade, introducing new governance, staking, and token economic models;
- June 30: Hadron Labs maintenance is complete; the withdrawal portal is no longer supported; a manual withdrawal guide has been released.
- July to September: DAO commissions were gradually withdrawn and destroyed.
