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Neutron Announces NTRN Redemption Now Live, Deposit Window Until April 30
On April 1, the Cosmos ecosystem project Neutron announced that the NTRN redemption is now live. Holders can permanently destroy their NTRN in exchange for a proportionate share of the USDC pool. The deposit window for NTRN is from April 1 to April 30, with USDC redemption applications opening on May 1 and closing on June 30. The NTRN held by the foundation (estimated at around 32.4 million) will not participate in the redemption and will be destroyed. Previously, Neutron announced a transition to long-term maintenance mode. The DEX and Supervault will suspend operations and enter withdrawal-only mode by April 17 at the latest. Hadron Labs will be responsible for network maintenance until June 30, 2026, after which a manual withdrawal guide will be released. Governance will transition from a custom system to a standard Cosmos staking model, with inflation dynamically adjusted and the validator set reduced.