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Neutron will transition to long-term maintenance mode, with multiple products gradually being discontinued.
Mars Finance reports that Cosmos cross-chain smart contract platform Neutron announced on Twitter that its network will shift to a long-term maintenance mode, prioritizing the safety of user, builder, and stakeholder assets. Key changes include: Supervaults will prohibit new deposits starting March 16; DEX and Supervaults will fully suspend operations by April 17 (only 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; NTRN redemption mechanism to be announced later, with remaining assets after foundation liquidation to be proportionally returned to the DAO. Governance, staking, and validator systems will abandon Neutron’s custom model and switch to standard Cosmos mode; token inflation will be dynamically adjusted, with the foundation and DAO planning 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 conditions have been poor, and the lack of a feasible long-term strategy led to this decision.