Neutron to Shut Down DEX and Supervaults, Enter Long-Term Maintenance Mode

Cosmos-based cross-chain smart contract platform Neutron will enter a long-term maintenance phase and close several products, focusing on safeguarding user and stakeholder assets, ChainCatcher reports citing an announcement on X. Supervaults will stop accepting new deposits from March 16, with the DEX and Supervaults fully suspended no later than April 17 and withdrawals available until June 30, while dNTRN holders can swap to NTRN via the Drop website or Neutron app from March 23 and wstETH holders must bridge funds back to Ethereum by June 30. Neutron will transition governance, staking, and validator systems to the standard Cosmos model, adjust token inflation with the foundation and DAO planning to burn a significant amount of NTRN, and later introduce an NTRN redemption mechanism with remaining assets distributed proportionally to the DAO. Hadron Labs will maintain the network until June 30 before transitioning to a community-supported setup, Fireblocks support will end by the end of April, and the team said unfavorable market conditions and the absence of a viable long-term strategy prompted the decision after four years of development.