🚨 **Neutron Enters Long-Term Maintenance Mode**
The Cosmos cross-chain smart contract platform #Neutron is about to enter long-term maintenance mode to protect the assets of users, developers, and stakeholders. Critical services will be gradually shut down—please take immediate action to ensure the safety of your funds. #Cosmos #Crypto #Blockchain
🔧 **Service Adjustments and Deadlines:**
- Supervaults: New deposits will cease to be accepted from March 16th. The DEX will be fully suspended on April 17th. Withdrawals will be available until June 30th.
- dNTRN holders: Starting March 23rd, they can exchange their tokens for NTRN via the Drop website/Neutron app.
- wstETH holders: They will be bridged back to Ethereum by June 30th.
- The governance/staking mechanism will switch to the standard Cosmos model. NTRN will undergo inflation adjustment, and a large-scale burn is planned to reduce the supply.
📉 **Reasons and Future Plans:** Due to a deteriorating market environment and a lack of long-term strategy, Hadron Labs will maintain the network until June 30th, after which it will transition to community support. Support for Fireblocks will end in April. Liquidated assets from the foundation will be returned to the DAO proportionally. Source: AiCoin.