Sui: Support Cetus upgrade agreement but give up voting rights, Cetus must compensate users in full

P
PA一线05/24/2025, 04:36 AM

PANews reported on May 24 that Sui tweeted that earlier today, Cetus called on the community to vote to upgrade the protocol to return frozen funds without rolling back on-chain history or reversing transactions. This is a special request for a special need (Cetus's customer funds are at risk). After consideration, the Sui team decided to support its on-chain voting proposal, but with two conditions: Sui officials will remain neutral on the voting results and give up official voting rights. Sui's responsibility is to design and implement a decision-making process that reflects the collective will of the Sui community (specific plans and codes will be announced soon); Cetus is required to publicly commit to mobilizing all financial resources to restore funds until all customers' funds are fully returned.

Share to:

Author: PA一线

This content is provided for informational purposes only and does not constitute investment advice.

Comments
Follow PANews official accounts, let's navigate bull and bear markets together